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Did Las Vegas Sands Beat Earnings?
Las Vegas Sands (LVS) reported Q2 '26 revenue of $3.15B, down 0.7% year-over-year, with reported EPS of $0.59. That came in 23.4% below the $0.77 analyst estimate — an earnings miss.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Las Vegas Sands’s job postings, web traffic, and employee business outlook. See the full LVS stock analysis or the earnings calendar for upcoming reports.
LVS Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $0.77 | $0.59 | Missed -23.4% |
| Q1 '26 | $0.76 | $0.91 | Beat +19.7% |
| Q4 '25 | $0.77 | $0.85 | Beat +10.4% |
| Q3 '25 | $0.62 | $0.78 | Beat +25.8% |
| Q2 '25 | $0.53 | $0.79 | Beat +49.1% |
| Q1 '25 | $0.57 | $0.59 | Beat +3.5% |
Las Vegas Sands Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.68B | 2.9B | 2.86B | 3.18B | 3.33B | 3.65B | 3.59B | 3.15B |
| Gross margin | 47.3% | 48.8% | 49.5% | 51.6% | 49.8% | 48.5% | 48.8% | 57.2% |
| Operating margin | 18.8% | 20.8% | 21.7% | 25.2% | 23.8% | 24.0% | 25.6% | 19.6% |
| Net income | 275M | 324M | 352M | 461M | 419M | 395M | 567M | 373M |
| Net margin | 10.3% | 11.2% | 12.3% | 14.5% | 12.6% | 10.8% | 15.8% | 11.8% |
| EPS | $0.44 | $0.54 | $0.59 | $0.79 | $0.78 | $0.85 | $0.91 | $0.59 |
Las Vegas Sands Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Las Vegas Sands’s quarterly revenue moved from $2.68B to $3.15B. Net margin expanded from 10.3% to 11.8%, against a 57.2% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Las Vegas Sands has beaten Wall Street EPS estimates in 5 of its last 8 reported quarters.
When Is Las Vegas Sands’s Next Earnings Date?
Las Vegas Sands reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the LVS earnings calendar.
Frequently Asked Questions: Las Vegas Sands Earnings
Las Vegas Sands's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Las Vegas Sands reported Q2 '26 EPS of $0.59 on revenue of $3.15B (-0.7% YoY). Las Vegas Sands missed estimates, reporting $0.59 vs. the $0.77 estimate.
Las Vegas Sands reported Q2 '26 revenue of $3.15B, down 0.7% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the LVS AI Score.
