MGM
MGM ResortsPrevious close
29.96
Change
+1.13 / +3.92%
P/E (TTM) ?
17.1
Market Cap
$7.5B
1M
−3.51%
S&P 500 −0.91% over same period
Volume / Avg Volume
9.9M / 5.7M
1.73× average
Latest earnings analysisFY2026 Q2Reported 2026-07-29
MGM Q2 FY2026: record revenue, weaker adjusted profit
MGM's second quarter set a revenue record, yet the profit measure management prefers went backwards, so the headline EPS jump needs a second look. Revenue rose 1.0% to $4.45 billion, while Adjusted EPS fell to $0.59 from $0.79 and Consolidated Adjusted EBITDA slipped to $610 million from $648 million. The view is Neutral: a stable base, not an accelerating one.
Read the full analysis →Revenue$4.45BYoY +1.00%
EPS (non-GAAP)$0.59Beatest. $0.58
Next-day move−0.37%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-29 | $4.5B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-29 | $4.5B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-04 | $17.5B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-29 | $4.3B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-30 | $4.4B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-30 | $4.3B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 53 of its 5-year rangeMid-range
5-year range 12.3 – 215.1 · Median 16.6
Last 4 quarters: $774M in buybacks + $0 in dividends, 10.33% of market cap combined
P/E (TTM)
17.1
P/B
2.9
P/S
0.4
Dividend Yield
0.02%
Earnings Reaction
Over the last 6 reports, the stock moved ±1.7% on average on the first trading day after, rising 0 times
Most recent −0.37%
Volatility & Correlation
1-year beta 0.77 · Correlation with S&P 500 0.25Tracks the market
Annualized volatility 40% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 4.21 | −0.9% | — | -0.02 | -0.07 |
| FY2026 Q2 | 4.45 | +1.0% | — | 0.29 | 1.11 |
| FY2026 Q1 | 4.45 | +4.2% | — | 0.13 | 0.48 |
| FY2025 Q4 | 4.61 | +6.0% | — | 0.29 | 1.12 |
| FY2025 Q3 | 4.25 | +1.6% | — | -0.29 | -1.05 |
| FY2025 Q2 | 4.40 | +1.8% | — | 0.05 | 0.18 |
| FY2025 Q1 | 4.28 | −2.4% | — | 0.15 | 0.51 |
| FY2024 Q4 | 4.35 | −0.7% | — | 0.16 | 0.52 |
| FY2024 Q3 | 4.18 | +5.3% | — | 0.18 | 0.61 |
| FY2024 Q2 | 4.33 | +9.8% | — | 0.19 | 0.60 |
| FY2024 Q1 | 4.38 | +13.2% | — | 0.22 | 0.67 |
| FY2023 Q4 | 4.38 | +21.8% | — | 0.31 | 0.94 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| MGM | 17.1 | −0.9% | — | −3.51% | Neutral |
| AMZN | 19.4 | +12.1% | 53.2% | −3.53% | Neutral |
| TSLA | 495.1 | −0.2% | 19.6% | +12.68% | Neutral |
| HD | 23.3 | +5.7% | 33.7% | +15.72% | Neutral |
| MCD | 21.1 | +3.7% | 90.4% | +11.77% | Neutral |
| TJX | 25.8 | +5.4% | 33.4% | +6.05% | Bullish |
| SBUX | 59.0 | −1.4% | — | +10.33% | Neutral |
| LOW | 17.6 | +8.3% | 33.0% | +13.45% | Neutral |
| BKNG | 15.7 | +8.1% | — | −9.07% | Bullish |