Boyd Gaming reported second-quarter 2026 revenues of $1.03 billion, roughly in-line with the prior year and slightly missing estimates of $1.04 billion. Adjusted EPS came in at $1.93, beating the consensus estimate of $1.89, supported by strength in its geographically diversified operations outside of Las Vegas.
Key Highlights
- The Midwest & South segment drove results, with revenue growing 3.1% year-over-year to $556.9 million and Adjusted EBITDAR increasing to $208.7 million from $201.4 million a year ago.
- The Las Vegas Locals segment continued to face headwinds, with revenue declining 1.4% year-over-year to $225.9 million, which the company attributed to softness in destination business and construction disruption. However, the result exceeded analyst expectations of $221 million.
- Boyd returned over $170 million to shareholders during the quarter, consisting of a $0.20 per share dividend and the repurchase of $156 million in common stock.