Light & Wonder, Inc.

Q2 FY2026 EarningsQ2 FY26 results presented a mixed performance: revenue of $828M missed the $840M consensus (-1.45%), yet profitability significantly exceeded expectations with GAAP EPS of $1.53 vs. $1.26 expected (+21.43%). Gaming operations revenue surged 18% YoY, offsetting a 4% decline in machine sales caused by shipment timing. The company reiterated its FY26 AEBITDA growth guidance of mid- to high-single digits and accelerated its share repurchase program, returning $134M to shareholders during the quarter.