Las Vegas Sands

Q3 FY2026 EarningsQ3 FY26 results missed consensus estimates across key profitability metrics, with revenue of $3.22B slightly below the $3.33B expected. Diluted EPS (GAAP) of $0.48 significantly underperformed the $0.65 mean estimate, driven by a higher-than-expected effective tax rate of 22.5% (vs. 14.1% consensus) and weaker margins at Marina Bay Sands. Despite the miss, management demonstrated confidence through a $950M stock repurchase and a 20% increase in the recurring dividend for 2027.