Las Vegas Sands Corp. · LVS · Next earnings

Las Vegas Sands Corp. reports Wednesday, Oct 21, 2026

LVS reports after market close with consensus EPS at $0.77 and revenue at $3.41B. Last quarter: LVS Q1 FY2026: Singapore and Macau EBITDA Surge, Shares Drop 8.6%

Reports After market close31 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.77 Calendar consensus
Consensus revenue $3.41B Calendar consensus
Report date Oct 21, 2026 Wednesday, date estimated
Session After market close 31 days away

Where LVS left off: FY2026 Q1

Full report

LVS Q1 FY2026: Singapore and Macau EBITDA Surge, Shares Drop 8.6%

EPS surprise +20.4% Reported $0.91 vs $0.76
Revenue surprise +6.6% Reported $3.58B vs $3.36B
Stock move -8.6% Event window
Subsequent drift -4.8% Up to 20 sessions

Prior quarter guidance was 'maintained,' with a $2.9B annual EBITDA target and a goal to improve Macau margins to the low-30% range. This quarter, guidance sentiment is 'not provided.' Management expressed confidence in reaching $700M quarterly Macau EBITDA but did not formally restate or update the annual EBITDA target or margin goal.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Volatility and concentration risk in the VIP gaming segment.
  • Higher operating expenses from service-level investments pressuring margins.
  • Potential temporary disruption from Venetian renovation projects.
  • Intense competition in premium suite and luxury hospitality.
  • Geopolitical and macro headwinds affecting Chinese visitor sentiment.

Questions analysts left open

  • Sustainability of rolling hold percentages and betting behavior trends.
  • Overall market growth required to reach the $700M Macau EBITDA target.
  • Impact of increased capex on cash flow and margins.
  • Disruption or downtime risk from the Venetian renovation schedule.
  • Effectiveness and timing of promotional activity reductions.

Ask FN2 about LVS next report

Transcript, numbers and history already loaded
What should I watch for in LVS's next earnings report?How did LVS guide last quarter, and is consensus above or below that?Give me the bull and bear case going into LVS earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the LVS recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent LVS quarters

All LVS earnings
-8.6%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.