Filing Flows › Las Vegas Sands (LVS) › Q2 2026
Las Vegas Sands (LVS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 24, 2026
Las Vegas Sands (LVS) reported revenue of $3.2B for the second quarter 2026 (Q2 2026), -0.7% from a year earlier and -12% from the quarter before. Operating margin was 19.6%, net earnings $346M (11.0% of revenue).
Las Vegas Sands, Q2 2026: revenue $3.2B (-0.7% year over year), operating margin 19.6%, net earnings $346M, operating cash flow $682M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | -12% | -0.7% |
| Operating profit | $618M | -32% | -21% |
| Net earnings | $346M | -39% | -25% |
| Operating cash flow | $682M | -7% | +283% |
| Free cash flow | $350M | -35% | — |
What changed
Revenue was $3.2B in Q2 2026, down 1% year over year and down 12% from the previous quarter. Casino was the largest line at 74% of revenue. Casino lost $0.07B year over year (down 3%), 352% of the total change.
Operating profit was $0.62B, a 19.6% margin (down 5.1 points year over year). Total costs grew 6% against a revenue fall of 1%. The fastest-growing cost line was SG&A (+13%). Net earnings were $0.35B, down 25% year over year. The effective tax rate was 19.1%.
Operating cash flow was $0.68B (up 283% year over year), 183% of net income including minority interests. Non-cash charges added back $0.35B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.33B left free cash flow of $0.35B.
Questions
What was Las Vegas Sands' revenue in the second quarter 2026?
Las Vegas Sands (LVS) reported revenue of $3.2B for the second quarter 2026 (Q2 2026), -0.7% from a year earlier and -12% from the quarter before.
Was Las Vegas Sands profitable in the second quarter 2026?
Operating profit was $618M (19.6% of revenue) and net earnings $346M.
Source: Las Vegas Sands 10-Q on SEC EDGAR.