Wynn Q3 2026: revenue down 7.9%, diluted EPS falls to $0.17
Wynn's third quarter came in weak: revenue fell 7.9% to $1.69 billion, diluted EPS dropped to $0.17 from $0.85, and free cash flow was negative $104.8 million, with a Las Vegas hold rate outside its normal range doing much of the damage. Below we walk through the segment declines, what is left after costs, and a balance sheet carrying $10.73 billion of debt against negative equity.
1 · Expected vs. Actual
Free preview belowNet income attributable to Wynn fell to $17.3 million from $88.3 million, taking diluted EPS to $0.17 from $0.85. Adjusted EPS, which strips out pre-opening costs, property charges and derivative swings, was $0.33 versus $0.86 — a 61.6% decline even after the clean-up. Operating income of $178.2 million was well below the $310.5 million reported a year earlier.
Revenue of $1.69 billion was down $144.7 million, or 7.9%, from $1.83 billion a year earlier, and down 9.1% sequentially from $1.86 billion in Q2 2026. Every property shrank: Wynn Palace fell $51.7 million, Las Vegas Operations $45.8 million, Wynn Macau $30.1 million and Encore Boston Harbor $17.1 million. Casino revenue of $1.05 billion carried the decline, while rooms at $261.5 million and food and beverage at $257.7 million were also lower.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-05
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