Las Vegas Sands (LVS) came in below expectations in Q2 FY2026 on revenue of $3.2B versus the $3.3B estimate (-0.7% YoY) and EPS of $0.59. The next Las Vegas Sands (LVS) earnings date is Oct 21, 2026. Below is the full Las Vegas Sands earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Las Vegas Sands (LVS) Earnings Analysis — key stats
Next earnings date
Oct 21, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Miss
EPS beat rate
5 of last 8 (quarters above estimate)
Avg next-day move
±7.7% (over the last 8 reports)
Post-earnings direction
Up 6 / Down 2 (of the last 8 reports)
Implied move (next report)
±11.8% (options-derived · into Oct 21, 2026)
Institutional ownership
29.8% (13F as of 2026-06-30)
Top 10 holders
19.3% (of shares outstanding)
Insider activity
10 buys / 2 sells (recent Form 4 filings)
Revenue
$3.2B (vs $3.3B est · -4.7% surprise · -0.7% YoY)
EPS
$0.59 (vs $0.76 est · -22.1% surprise · -19.7% YoY)
Share price
$46.23 (+1.0%)
Market cap
$29.9B
Las Vegas Sands (LVS) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$3.2B vs $3.3B est
$0.59 vs $0.76 est
-22.1%
+1.2%
Miss
Q2 FY2026
$3.6B vs $3.4B est
$0.91 vs $0.76 est
+20.4%
-9.7%
Beat
Q1 FY2026
$3.6B vs $3.3B est
$0.85 vs $0.77 est
+11.1%
-12.7%
Beat
Q4 FY2025
$3.3B vs $3.1B est
$0.78 vs $0.62 est
+26.4%
+12.4%
Beat
Q3 FY2025
$3.2B vs $2.8B est
$0.79 vs $0.53 est
+48.8%
+4.7%
Beat
Q2 FY2025
$2.9B vs $2.9B est
$0.59 vs $0.57 est
+3.9%
+7.9%
Mixed
Q1 FY2025
$2.9B vs $2.9B est
$0.54 vs $0.57 est
-6.1%
+11.6%
Mixed
Q4 FY2024
$2.7B vs $2.8B est
$0.44 vs $0.53 est
-17.0%
+1.4%
Miss
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
3.7%
24.8M
$1.1B
-5.0%
Vanguard Capital Management LLC
2.9%
19.4M
$898.2M
-1.0%
Undisclosed filer
2.8%
18.6M
$861.2M
+1.4%
State Street Corp
2.3%
15.2M
$700.2M
+6.5%
Price T Rowe Associates INC /Md/
1.7%
11.2M
$516.6M
+8.2%
D. E. Shaw & CO., INC.
1.4%
9.1M
$418.1M
+6.0%
Invesco Ltd.
1.3%
8.9M
$408.8M
+19.4%
Geode Capital Management, LLC
1.2%
8.2M
$377.5M
-3.0%
Arrowstreet Capital, Limited Partnership
1.1%
7.4M
$341.1M
-14.0%
Bank Of New York Mellon Corp
1.0%
6.6M
$305.5M
-3.7%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Adelson Miriam
10 percent owner
2026-06-16
Buy
43.9M
—
Adelson Miriam
10 percent owner
2026-06-16
Buy
43.9M
—
Adelson Miriam
10 percent owner
2026-06-16
Sell
87.7M
—
Pant Muktesh
director
2026-05-14
Buy
4K
—
Besca Mark
director
2026-05-14
Buy
4K
—
Chafetz Irwin
director
2026-05-14
Buy
4K
—
Li Alain
director
2026-05-14
Buy
4K
—
Kramer Lewis
director
2026-05-14
Buy
4K
—
What you'll find
Next Las Vegas Sands (LVS) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Las Vegas Sands reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Las Vegas Sands (LVS)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Las Vegas Sands's next earnings date?
Las Vegas Sands's (LVS) next scheduled earnings date is Oct 21, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Las Vegas Sands (LVS) beat or miss earnings?
In Q2 FY2026, Las Vegas Sands (LVS) posted miss results — revenue of $3.2B versus the $3.3B estimate (-4.7% surprise) and EPS of $0.59 versus $0.76 expected (-22.1% surprise). Magnisto decodes every Las Vegas Sands (LVS) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Las Vegas Sands beat earnings estimates?
Over its last 8 reported quarters, Las Vegas Sands (LVS) beat Wall Street EPS estimates 5 times, most recently a miss result in Q3 FY2026. Magnisto tracks every Las Vegas Sands (LVS) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Las Vegas Sands stock move after earnings?
Over its last 8 quarterly reports, Las Vegas Sands (LVS) moved an average of ±7.7% the day after earnings — ranging from -12.7% (Q1 FY2026) to +12.4% (Q4 FY2025). The stock rose after 6 of those 8 reports and fell after 2. Heading into its next report on Oct 21, 2026, options-implied volatility is pricing in a move of roughly ±11.8% (derived). Magnisto tracks the realized post-earnings move for every Las Vegas Sands (LVS) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Las Vegas Sands?
Institutions hold about 29.8% of Las Vegas Sands's (LVS) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (3.7%), Vanguard Capital Management LLC (2.9%), Undisclosed filer (2.8%). Magnisto lists Las Vegas Sands's (LVS) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Las Vegas Sands (LVS)?
In the most recent Form 4 filings Magnisto tracks, Las Vegas Sands (LVS) insiders recorded 10 purchases and 2 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Las Vegas Sands (LVS) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Las Vegas Sands (LVS), anchored to the current $46.23 share price, so you can weigh the bull, base and bear cases for Las Vegas Sands side by side.
Is Las Vegas Sands (LVS) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Las Vegas Sands fits your own thesis and risk profile. This is research, not investment advice.