Las Vegas Sands Corp. (LVS) earnings on July 22, 2026

After the market closes Q2 2026

More Las Vegas Sands Corp. earnings

Prior outlook: Pessimistic Outcome: Partial

Las Vegas Sands shares plunged 10% initially after earnings, then staged a sharp reversal to close up 2%. The recovery came despite several analysts lowering their price targets.

LVS price around the earnings

46.03

Change: +1.7%

2026-07-23, 20:00 UTC

Start of the measured window End of the measured window
41.36 43.11 44.87 46.62 45.25
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
July 22, 2026 July 23, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published
Results released

Pre-release: Analysts expect strong growth with strong recent beat history, but recent price weakness and PT cuts.

Context analyzed before publication

Trend
Stock experienced a sharp selloff after an initial run-up, now showing persistent price weakness into earnings.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.65
Analysts covering the stock
19
Average price target
65.38
Lowest price target
52
Highest price target
78
Upside to price target
44.3%
Quarterly earnings growth
61.1%
Revenue growth
25.3%
Forward EPS
3.65
Trailing EPS
2.71
Analyst moves in the last 60 days
9
  • Strong buy: 3
  • Buy: 12
  • Hold: 5
  • Sell: 0
  • Strong sell: 0
Strong buy
3
Buy
12
Hold
5
Sell
0
Strong sell
0
  • July 22, 2026 · Susquehanna: Maintains rating (Positive → Positive)
  • July 20, 2026 · B of A Securities: Maintains rating (Neutral → Neutral)
  • July 16, 2026 · Goldman Sachs: Maintains rating (Buy → Buy)
  • July 15, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
  • July 14, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
  • July 10, 2026 · Citigroup: Maintains rating (Buy → Buy)
  • July 9, 2026 · Barclays: Maintains rating (Overweight → Overweight)
  • July 7, 2026 · Macquarie: Maintains rating (Outperform → Outperform)
  • June 4, 2026 · UBS: Maintains rating (Neutral → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Cautious
Mention volume
Low
Normalized volume
33%
News
Sources (8)

Technicals

Evidence

Average true range (ATR)
2.2%
Distance to 52-week high
-34.1%
14-day change (14d)
-1.2%
30-day change (33d)
-6.6%
30-day relative strength
-6.8%
SPY change (33d)
+0.2%
Nearest support
45.32
Nearest resistance
45.66
Volume accumulation ratio (14d / 46d)
0.93

Trends

Evidence

Average earnings surprise
+26.2%
  • April 22, 2026: actual EPS 0.91 vs estimate 0.76 (surprise +20.1%)
  • January 28, 2026: actual EPS 0.85 vs estimate 0.77 (surprise +10.5%)
  • October 22, 2025: actual EPS 0.78 vs estimate 0.62 (surprise +25.4%)
  • July 23, 2025: actual EPS 0.79 vs estimate 0.53 (surprise +48.9%)

Expected move

Implied move
+9.9%
Source
Options chain

Reactions over its last 19 earnings

Median move
5.5%
75th percentile move
7.6%
90th percentile move
11.4%
Up / down moves
12 / 7
Average up move
+5.4%
Average down move
-6.5%

Monitoring and close

What Las Vegas Sands Corp. reported

Status
Pending
Actual EPS0.59
EPS estimate0.74
EPS surprise-20.3%
Revenue$3,154 million
Revenue estimate$3,330 million
Revenue surprise-5.3%

Sources (1)

  • Las Vegas Sands reported adjusted earnings of $0.59 per share, missing the $0.74 estimate, and revenue of $3.154B, below the $3.330B forecast. — Benzinga

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, the figures confirm the pessimistic scenario. In the 1376 past cases with a similar move, the close held that direction 72% of the time.

How the stock reacted

Outcome
Partial
Consolidated
+1.7%
Max favorable move (MFE)
10.5%
Max adverse move (MAE)
3.2%