Filing Flows › Light & Wonder (LAWIL) › Q3 2026
Light & Wonder (LAWIL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Light & Wonder (LAWIL) reported revenue of $824M for the third quarter 2026 (Q3 2026), -2% from a year earlier and -0.5% from the quarter before. Operating margin was 29.4%, net earnings $133M (16.1% of revenue).
Light & Wonder, Q3 2026: revenue $824M (-2% year over year), operating margin 29.4%, net earnings $133M, operating cash flow $236M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $824M | -0.5% | -2% |
| Operating profit | $242M | +9% | +6% |
| Net earnings | $133M | +11% | +17% |
| Operating cash flow | $236M | -2% | +28% |
| Free cash flow | $181M | — | +33% |
What changed
Revenue was $824.0M in Q3 2026, down 2% year over year and roughly flat from the previous quarter. Gaming was the largest line at 67% of revenue. SciPlay lost $24.0M year over year (down 12%), 141% of the total change.
Operating profit was $242.0M, a 29.4% margin (up 2.1 points year over year). Total costs fell 5% while revenue fell 2%. Net earnings were $133.0M, up 17% year over year. The effective tax rate was 20.4%.
Operating cash flow was $236.0M (up 28% year over year), 177% of net earnings. Non-cash charges added back $105.0M of depreciation and amortization and $24.0M of share-based compensation. Working capital and other items used $26.0M. After capital expenditures, net ($42.0M) and payments on license obligations ($13.0M), free cash flow as the company reports it was $181.0M.
Questions
What was Light & Wonder's revenue in the third quarter 2026?
Light & Wonder (LAWIL) reported revenue of $824M for the third quarter 2026 (Q3 2026), -2% from a year earlier and -0.5% from the quarter before.
Was Light & Wonder profitable in the third quarter 2026?
Operating profit was $242M (29.4% of revenue) and net earnings $133M.
Source: Light & Wonder 10-Q on SEC EDGAR.