Hilton Grand Vacations

Q3 FY2026 EarningsQ3 FY26 results significantly exceeded consensus estimates due to a massive $536M net construction recognition from a Hawaii project: revenue reached $1.96B vs. $1.42B expected, and Diluted EPS was $3.70 vs. $0.87 expected. However, core operational momentum showed signs of strain, with total contract sales down 11.0% YoY and VPG declining 12.5%, as summer execution initiatives ramped slower than planned. Management subsequently lowered FY26 Adjusted EBITDA guidance (excluding deferrals/recognitions) to $1.165B–$1.180B, below the previous $1.225B–$1.265B range.