Filing Flows › Light & Wonder (LAWIL) › Q2 2026
Light & Wonder (LAWIL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Light & Wonder (LAWIL) reported revenue of $828M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +5% from the quarter before. Operating margin was 26.9%, net earnings $120M (14.5% of revenue).
Light & Wonder, Q2 2026: revenue $828M (+2% year over year), operating margin 26.9%, net earnings $120M, operating cash flow $241M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $828M | +5% | +2% |
| Operating profit | $223M | +72% | +10% |
| Net earnings | $120M | +131% | +26% |
| Operating cash flow | $241M | +73% | +127% |
| Free cash flow | $156M | — | +438% |
What changed
Revenue was $828.0M in Q2 2026, up 2% year over year and up 5% from the previous quarter. Gaming was the largest line at 67% of revenue. Gaming added $26.0M year over year (up 5%), 137% of the total change. SciPlay declined 9%.
Operating profit was $223.0M, a 26.9% margin (up 2.0 points year over year). Of the extra revenue versus Q2 2025, 111% reached operating profit, above the 25% margin then. Total costs fell 0% while revenue rose 2%. Net earnings were $120.0M, up 26% year over year. The effective tax rate was 20.0%.
Operating cash flow was $241.0M (up 127% year over year), 201% of net earnings. Non-cash charges added back $117.0M of depreciation and amortization and $33.0M of share-based compensation. Working capital and other items used $29.0M. After capital expenditures, net ($80.0M) and payments on license obligations ($5.0M), free cash flow as the company reports it was $156.0M.
Questions
What was Light & Wonder's revenue in the second quarter 2026?
Light & Wonder (LAWIL) reported revenue of $828M for the second quarter 2026 (Q2 2026), +2% from a year earlier and +5% from the quarter before.
Was Light & Wonder profitable in the second quarter 2026?
Operating profit was $223M (26.9% of revenue) and net earnings $120M.
Source: Light & Wonder 10-Q on SEC EDGAR.