Announcement
Light & Wonder, Inc. (ASX:LNW) announced that it will publish its second‑quarter 2026 financial results for the period ended June 30, 2026 on August 4, 2026, after U.S. markets close. An investor conference call is scheduled for 7:00 p.m. U.S. Eastern Time on the same day to discuss the results.
Outlook Reaffirmation
The company reaffirmed its 2026 financial outlook, stating it remains on track to deliver mid‑to‑high single‑digit growth in Consolidated AEBITDA for the year. It also committed to reducing its net‑debt leverage ratio toward the midpoint of its targeted range during 2026 and to bring the ratio below 3.0× in the first half of 2027.
Share Repurchase Program
Light & Wonder reported that approximately $180 million remains available under its ongoing share‑repurchase program. As of July 1, 2026, the total number of shares outstanding, including common stock and CDIs, was 77,049,181. During the second quarter, the company repurchased 1,612,580 CDIs for a total consideration of roughly $134 million. Purchases under the program were paused on June 29, 2026, in line with the company’s Securities Trading Policy and the Q2 blackout period.
Company Profile
The firm operates as a cross‑platform global games company with three business segments and employs more than 6,500 people worldwide.
Recent First‑Quarter Highlights
In the first quarter of 2026, Light & Wonder reported consolidated revenue of $790 million, a 2% increase year‑over‑year. Adjusted earnings per share rose 7% to $1.45. Net income fell to $52 million, primarily due to significant restructuring costs.
Market Metrics
The company’s market capitalization stands at $5.5 billion, and its shares trade near a fair‑value estimate of $75.42. Over the past six months, the stock price has declined 43%.