Hilton Grand Vacations

Q2 FY2026 EarningsQ2 FY26 results missed consensus on the bottom line with GAAP EPS of $0.15 vs. $0.76 expected, primarily due to a $28M net construction deferral and a $48M impairment loss. While total revenue of $1.36B slightly trailed the $1.40B estimate (-3.11%), adjusted EBITDA of $265M showed resilience, supported by 6.1% tour growth. Management reiterated its full-year 2026 Adjusted EBITDA guidance of $1.225B–$1.265B (excluding deferrals), suggesting stability despite near-term accounting headwinds.