Wynn Resorts (WYNN)
NASDAQ:WYNN
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.21Last Year’s EPS
1.09Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational highlights — notably robust Las Vegas performance (EBITDAR growth, double-digit ADR and RevPAR gains), strong mass trends in Macau, a major strategic investment (Wynn Palace Enclave) and solid liquidity and shareholder returns. Offsetting these positives are a modest delay and logistical challenges at Wynn Al Marjan, a ~$17 million VIP hold headwind in Macau, and rising operating costs and wage pressures across markets. On balance, the positive operating momentum, strategic expansion plans and strong balance sheet outweigh the headwinds.Company Guidance
Las Vegas Strong Operating Performance
Adjusted property EBITDAR in Las Vegas grew ~5% year-over-year to $232.5 million on $661.9 million of operating revenue; casino revenues were up over 9%; RevPAR rose nearly 10% YoY driven by a 12% increase in ADR; company reported its best March in property history.
Successful New Openings and Guest Reception
Debut of Zero Bond and Sartiano's Italian Steakhouse at Wynn Las Vegas generated positive guest and member feedback and contributed to increased volumes and incremental staffing needs.
Macau Momentum and Strategic Expansion
Wynn Palace/ Macau delivered adjusted property EBITDAR of $279.4 million on $989.2 million revenue; mass drop was up 19% and handle up 32% YoY; opened expanded Chairman's Club with strong reception; announced Enclave at Wynn Palace (432 all-suite rooms) — a $900–$950 million project expected to increase room count by 25% and suite count by 50% and projected to generate roughly $150–$175 million of EBITDA at steady state.
Boston Performance and Cost Discipline
Encore Boston Harbor generated $50.5 million of adjusted property EBITDAR on $205.7 million of revenue with a 24.6% EBITDAR margin; slot revenues grew 2% YoY despite adverse weather and regional competition, and OpEx per day was managed (+3.9% YoY).
Strong Liquidity, Leverage and Shareholder Returns
Global cash and revolver availability of $4.4 billion (comprised of $2.8 billion Macau and $1.6 billion U.S.); LTM adjusted EBITDAR ~ $2.3 billion and consolidated net leverage ~4.4x; Wynn Macau board recommended increasing final dividend to $150 million (from $125 million, +20%); Wynn Resorts declared $0.25/share dividend and repurchased 528,000 shares for ~$53.8 million (plus ~$30.6 million in Q2 buybacks so far).
Capital Allocation and 2026 CapEx Plan
Expansionary CapEx for 2026 expected in the $400–$450 million range; Q1 CapEx was ~$179.1 million (projects include Zero Bond, Sartiano's and Cliff House Grill in Las Vegas, Chairman's Club expansion at Wynn Palace and hotel refurbishments); early-stage Enclave spend in 2026 limited to piling/early works.
Wynn Al Marjan Project Progress and Conviction
Construction at Wynn Al Marjan has continued with over 22,000 workers on site; management remains confident in the long-term fundamentals and continues to advance the project despite regional logistical challenges, maintaining conviction in the 2027 opening target while acknowledging a modest delay is possible.
WYNN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WYNN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $106.85 | $102.42 | -4.15% |
Feb 12, 2026 | $107.61 | $113.14 | +5.14% |
Nov 06, 2025 | $122.02 | $125.60 | +2.94% |
Aug 07, 2025 | $106.53 | $105.72 | -0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Wynn Resorts (WYNN) report earnings?
Wynn Resorts (WYNN) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Wynn Resorts (WYNN) earnings time?
Wynn Resorts (WYNN) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WYNN EPS forecast?
WYNN EPS forecast for the fiscal quarter 2026 (Q2) is 1.21.
