LAS VEGAS SANDS CORP (LVS) Form 8-K — Oct 21, 2026
Las Vegas Sands reported Q3 2026 net revenue of $3.22 billion, down from $3.33 billion a year earlier, with net income of $352 million ($0.48 diluted EPS) versus $491 million ($0.61) in the prior year quarter. Consolidated adjusted property EBITDA fell to $1.12 billion from $1.34 billion, with both Marina Bay Sands ($590M vs $743M) and Macao operations ($529M vs $601M) declining year-over-year. Partially offsetting the softer results, Sands repurchased $950 million of stock during the quarter (about 21 million shares at $45.31 average) and the board announced a 20% increase in the recurring dividend to $1.44 per share annually for 2027.
Key figures
- Eps
- 0.48
- Eps Beat
- 0
- Revenue
- 3220000000
- Net Income
- 352000000
- Total Debt
- 15300000000
- Debt Amount
- 0
- Revenue Yoy
- -3.5% (vs $3.33B prior year quarter)
- Total Assets
- 0
- Cash Position
- 2860000000
- Deal Value Usd
- 0
- Interest Rate
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 0
- Capex
- $281M
- Mbs ebitda
- $590M vs $743M prior year
- Adjusted eps
- $0.54 vs $0.78 prior year
- Macao ebitda
- $529M vs $601M prior year
- Scl ownership
- 75.56%
- Buyback amount
- $950M (approx 21M shares at $45.31 avg)
- Scl net income
- $191M, down 29.8% YoY
- Operating income
- $618M vs $719M prior year
- Effective tax rate
- 22.5% vs 15.6% prior year
- Annual dividend 2027
- $1.44/share ($0.36 quarterly), a 20% increase
- Revolver availability
- $4.27B plus $4.57B delayed draw term loan for MBS Expansion
- Remaining buyback authorization
- $5.06B as of Sept 30, 2026
- Consolidated adjusted property ebitda
- $1.12B vs $1.34B prior year
AI analysis
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