Companies /Consumer Cyclical
Boyd Gaming Corp
NYSE: BYD Resorts & Casinos
$72.27
▲ $1.66 (+2.35%) today
Markets closed · 3:23am ET

Boyd Gaming (BYD) Q3 2026 Earnings

Reported Oct 22, 2026, 4:06pm ET · SEC source
$1.67
Beat +1.24%
EPS · est. $1.65 Adjusted
$990.5M
Miss −1.29%
Revenue · est. $1.0B
2 quarters
Consecutive EPS beats

How Did BYD Stock React to Q3 2026 Earnings?

% change · around the report
−2%0+2%Oct 22Oct 22report 4:06pm ETearnings+0.0%−0.8%
−2%0+2%Oct 22Oct 22earnings+0.0%−0.8%
BYD −0.8%S&P 500 +0.0%
−2%0+2%Oct 22Oct 22report 4:06pm ETearnings−0.1%−0.8%
−2%0+2%Oct 22Oct 22earnings−0.1%−0.8%
BYD −0.8%NASDAQ −0.1%
0+2%Oct 21Oct 22report 4:06pm ETearnings+0.0%+0.5%
0+2%Oct 21Oct 22earnings+0.0%+0.5%
BYD +0.5%S&P 500 +0.0%
0+2%Oct 21Oct 22report 4:06pm ETearnings+0.1%+0.5%
0+2%Oct 21Oct 22earnings+0.1%+0.5%
BYD +0.5%NASDAQ +0.1%
+0.00%
Day of report

Did BYD Beat Earnings? Q3 2026 Results

Yes. Boyd Gaming reported Q3 2026 earnings of $1.67 a share on Oct 22, 2026, beating the $1.65 consensus estimate by 1.2%. Revenue was $990.5M against a $1.0B estimate.

Boyd Gaming delivered a mixed third quarter for fiscal 2026, posting adjusted EPS of $1.67 against a consensus estimate of $1.65, a beat of 1.24%, even as revenue of $990.46 million fell short of the $1.00 billion analysts had expected and slipped 1.4% from the year-ago period. The revenue shortfall traced largely to the closure of Sam's Town Tunica in November 2025, the August 2026 sale of Sam's Town Shreveport, and persistent softness at the Orleans property in Las Vegas, headwinds that collectively weighed on the top line despite solid momentum elsewhere in the portfolio. The Midwest and South segment grew revenue by nearly 3% on an adjusted basis, and Las Vegas Locals properties outside Orleans and the construction-disrupted Suncoast generated 3% revenue gains, providing meaningful offsets. Total Adjusted EBITDAR came in at $319.63 million versus $321.76 million a year ago. The company continued returning capital aggressively, repurchasing $164.00 million in stock during the quarter, and with analysts pointing to a potential Q4 inflection in the Las Vegas Locals portfolio, investor focus is squarely on whether regional momentum can accelerate into year-end.

Key Takeaways
  • Continued growth in Midwest & South segment from core and retail customer play
  • Increased play from southern Nevada residents boosting Las Vegas Locals properties (ex-Orleans and Suncoast)
  • Double-digit Adjusted EBITDAR growth in Online segment driven by online casino gaming
  • Increased management fees from Sky River Casino following its completed expansion
  • Benefits from recent capital investments across the portfolio

“Our third-quarter performance continued to highlight the benefits of our diversified business model, the ongoing strength of our core customer and the appeal of our property investments nationwide. During the quarter, our results reflected continued growth in our Midwest & South segment, increased play from southern Nevada residents, and strong gains in both our Online and Managed operations. And while quarterly results were impacted by increased softness in destination business to Las Vegas, primarily affecting our Orleans property, we are encouraged by the continued strength of the remainder of our Las Vegas Locals portfolio and the performance of our Midwest & South segment.”

Boyd Gaming CEO, on the earnings call

BYD YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$400.0M$800.0M$1.2B$1.0B$990.5MRevenue$139.8M$194.9MOperating Income$1.4B$124.9MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income
BYD income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $990.5M $1.0B −1.4%
Operating Income $194.9M $139.8M +39.5%
Net Income $124.9M $1.4B −91.3%

BYD Revenue by Segment

Midwest & South$540.5M+0.3%
Las Vegas Locals$207.4M−5.2%
Online$154.5M−6.7%
Downtown Las Vegas$47.4M−10.9%
Managed & Other$40.6M+13.3%

Figures from SEC filings and company reports. Not investment advice.