Wynn Resorts, Limited earnings overview

WYNN FY2026 Q1 · Calendar Q2 2026

Wynn Resorts, Limited

Wynn Resorts reported a solid first quarter with adjusted EBITDAR up 5% across all regions, highlighted by a record March in Las Vegas and a 19% year-over-year surge in Macau mass drop. Revenue topped estimates by 1.9% while EPS landed exactly in line at $1.25. New luxury venues Zero Bond and Sartiano's are driving higher ADRs, and the company is advancing two major capital projects: the $900-$950 million Enclave suite tower at Wynn Palace and the Encore Tower remodel in Las Vegas. Despite the operational strength, the stock declined roughly 5% on an abnormal basis following the report, before drifting back up about 2.4% in subsequent sessions. The market appears to be weighing construction disruption risks and Macau competitive dynamics against the growth story. With shares at $99.33 versus a consensus analyst target of $133.10, the stock trades at a meaningful discount to sell-side…