Filing Flows › Penn Entertainment (PENN) › Q2 2026
Penn Entertainment (PENN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Penn Entertainment (PENN) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +4% from the quarter before. Operating margin was 7.1%, net earnings $32.6M (1.8% of revenue).
Penn Entertainment, Q2 2026: revenue $1.9B (+5% year over year), operating margin 7.1%, net earnings $32.6M, operating cash flow $241M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +4% | +5% |
| Operating profit | $132M | +36% | +70% |
| Net earnings | $32.6M | — | — |
| Operating cash flow | $241M | +97% | +35% |
| Free cash flow | $143M | +415% | +662% |
What changed
Revenue was $1.9B in Q2 2026, up 5% year over year and up 4% from the previous quarter. Gaming was the largest line at 75% of revenue. Other added $0.05B year over year (up 25%), 58% of the total change.
Operating profit was $0.13B, a 7.1% margin (up 2.7 points year over year). Of the extra revenue versus Q2 2025, 59% reached operating profit, above the 4% margin then. Total costs grew 2% against revenue growth of 5%. Net earnings were $0.03B. The effective tax rate was 17.9%.
Operating cash flow was $0.24B (up 35% year over year), 738% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.10B left free cash flow of $0.14B.
Questions
What was Penn Entertainment's revenue in the second quarter 2026?
Penn Entertainment (PENN) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +4% from the quarter before.
Was Penn Entertainment profitable in the second quarter 2026?
Operating profit was $132M (7.1% of revenue) and net earnings $32.6M.
Source: Penn Entertainment 10-Q on SEC EDGAR.