MGM Resorts International · MGM · Next earnings

MGM Resorts International reports Wednesday, Nov 4, 2026

MGM reports after market close with consensus EPS at $0.17 and revenue at $4.29B. Last quarter: MGM Resorts Q1 2026: Vegas Rebounds, Digital Grows 43%, Macau Up 9%

Reports After market close45 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.17 Calendar consensus
Consensus revenue $4.29B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session After market close 45 days away

Where MGM left off: FY2026 Q1

Full report

MGM Resorts Q1 2026: Vegas Rebounds, Digital Grows 43%, Macau Up 9%

EPS surprise -1.3% Reported $0.49 vs $0.50
Revenue surprise +2.0% Reported $4.45B vs $4.37B
Stock move -0.8% Event window
Subsequent drift +12.1% Up to 20 sessions

Guidance was maintained, consistent with the prior quarter's stance. Management did not adjust forward expectations despite the narrow EPS miss and elevated self-insurance costs, indicating confidence that Vegas momentum and digital growth offset near-term expense pressures.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Rising self-insurance costs tied to frivolous litigation
  • Macau market volatility and hold pressure
  • Regulatory uncertainty in Brazil and Japan licensing
  • Macro headwinds such as fuel prices and air-traffic fluctuations
  • Potential cost inflation for construction materials

Questions analysts left open

  • Effectiveness and scalability of the all-inclusive program
  • Stability and margin outlook for Macau under the new brand-fee structure
  • Magnitude and recurrence of self-insurance expenses
  • Timeline to profitability for MGM Digital
  • Impact of macroeconomic headwinds on Las Vegas leisure traffic

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Recent MGM quarters

All MGM earnings
-0.8%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.