Light & Wonder, Inc. (LNWO) Stock Price & Analysis
Light & Wonder, Inc. (LNWO) — price $76.80 (+3.43%), as of the Oct 2, 2026 trading session; market cap $6.04B. Expected results Nov 4, 2026.
Listing-status flag — 8-K Item 3.01, filed Aug 6, 2025.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 40.81× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Nov 4, 2026
Light & Wonder, Inc. · LNWO · Consumer Cyclical · Gambling, Resorts & Casinos
Research dated 2026-09-13: Light & Wonder builds casino games, shuffling machines, and digital betting platforms. While the business sells physical gaming cabinets, the bulk of its money comes from ongoing service fees and virtual social casino purchases rather than hardware sales. A heavily leveraged balance sheet means returns depend entirely on whether recurring digital revenue can maintain its current growth pace.
Price as of Oct 2, 2026
Key Statistics
No publishable V2 score is available for this stock yet.
Price & valuation
| Measure | Value |
|---|---|
| Latest provided price | $76.80 |
| Change on the day | +3.43% |
| 52-week range | $70.00–$122.65 |
| Market capitalisation | $6.04B |
| Price / earnings (trailing) | 22.65 |
| Shares traded on the day | 10.6K |
| Beta (volatility vs the S&P 500) | 0.39 |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
Looking ahead, we anticipate year-over-year growth rates to moderate in the second half of the year due to the previously mentioned U.K. tax increases, which took effect during the quarter and stronger comparables in the prior year. We expect this to be partially offset by the continued performance and launch of our 1PP proprietary games.
Matthew Wilson · Statement from
As previously mentioned, we expect the shape of earnings for the rest of 2026 to trend in line with prior years, weighted towards the second half with each quarter stepping up sequentially from the last, which is typical for a scaling recurring revenue business.
Matthew Wilson · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Light & Wonder (LNWO): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
9-Factor Breakdown
Legends Council
6 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Apr 29, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Apr 29, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the LNWO film — every key number, told as a short cinematic story
~2 min · open the film
What is Light & Wonder (LNWO), and what does it report?
Short answer · as of
The company supplies the gambling industry across physical and digital floors.
Research dated 2026-09-13.
The company supplies the gambling industry across physical and digital floors. Its physical division provides slot machines, automated card shufflers, and table management systems to traditional casinos. A separate digital arm runs social casino apps where players buy virtual currency, alongside a real-money digital betting platform provided to operators.
The income statement is driven more by software and ongoing platform access than by selling physical hardware. Service revenue accounts for the clear majority of the top line. Because operators pay continuously for digital content and system maintenance, revenue acts more like a software subscription than a cyclical hardware catalog.
What do the latest results show for Light & Wonder (LNWO)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $828M.
Research dated 2026-09-13.
Recent reporting periods show steady revenue expansion and an ongoing run of profitability. The company has consistently cleared Wall Street revenue and profit expectations in recent reports. Gross profit expansion indicates the shift toward digital delivery and recurring platform fees is widening margins.
Management notes that this recurring revenue model typically builds strength as the calendar progresses. They attribute recent top-line momentum to the success of proprietary franchise games, though they caution that recent tax policy changes abroad and tougher comparisons will moderate the pace of expansion in coming periods.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $828.00M Jun 30, 2026
- Latest quarter · R&D
- $61.00M Jun 30, 2026
- Latest quarter · SG&A
- $211.00M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $223.00M Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $828.00M | $61.00M | $211.00M | $223.00M |
| Mar 31, 2026 | $790.00M | $67.00M | $237.00M | $184.00M |
| Dec 31, 2025 | $890.00M | $60.00M | $225.00M | $259.00M |
| Sep 30, 2025 | $841.00M | $62.00M | $219.00M | $229.00M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $828.00M Aug 4, 2026
- Latest report · revenue estimate
- $842.54M Aug 4, 2026
- Latest report · revenue vs estimate
- Below estimate Aug 4, 2026
- Latest report · EPS vs estimate
- Above estimate Aug 4, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Aug 4, 2026 | $828.00M | $842.54M | $1.5500 | $1.2800 |
| May 6, 2026 | $790.00M | $832.82M | $0.6700 | $1.5700 |
| Feb 24, 2026 | $891.00M | $907.68M | $1.9600 | $1.5300 |
| Nov 5, 2025 | $841.00M | $866.97M | $1.3600 | $1.3500 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $828M | $120M | $1.53 (diluted) |
| Q1 FY2026 | $790M | $52M | $0.66 (diluted) |
| Q4 FY2025 | $890M | -$15M | -$0.19 (diluted) |
| Q3 FY2025 | $841M | $114M | $1.34 (diluted) |
What are the financial strengths and risks for Light & Wonder (LNWO)?
Short answer
Cash and short-term investments were $148.00M at the Jun 30, 2026 balance-sheet date. Operating cash flow was $241.00M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-13.
The business generates steady operating cash flow, easily covering its capital expenditures and leaving surplus cash to fund development. However, the balance sheet carries immense leverage. Total debt dwarfs the cash reserves.
This capital structure means the company must maintain continuous, high-margin cash generation to service its obligations. Any sustained drop in casino foot traffic or a regulatory shift in digital betting markets would immediately squeeze the narrow liquidity buffer against that debt load.
Data-derived red flags
- Financial-distress signal — its Altman Z-Score of 1.65 sits in the distress zone (elevated bankruptcy risk).
- Inconsistent delivery — missed Wall Street EPS estimates in 4 of the last 8 reported quarters.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $241.00M Jun 30, 2026
- Previous quarter · operating cash flow
- $139.00M Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $241.00M | −$83.00M |
| Mar 31, 2026 | $139.00M | −$74.00M |
| Dec 31, 2025 | $319.00M | −$93.00M |
| Sep 30, 2025 | $184.00M | −$79.00M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Light & Wonder (LNWO)?
Short answer · as of
The next earnings report is expected on Nov 4, 2026.
Research dated 2026-09-13.
The upcoming earnings release will show whether the proprietary game franchises can overcome the drag from foreign tax hikes. Analysts project continued top-line and bottom-line expansion across the current reporting cycle.
Investors should monitor operating cash flow relative to debt obligations, as well as the ratio of digital service revenue to hardware sales. If daily average revenue per physical cabinet fails to keep pace with inflation as management promised, the leveraged balance sheet will become a more pressing concern.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
Looking ahead, we anticipate year-over-year growth rates to moderate in the second half of the year due to the previously mentioned U.K. tax increases, which took effect during the quarter and stronger comparables in the prior year. We expect this to be partially offset by the continued performance and launch of our 1PP proprietary games.
Matthew Wilson ·
As previously mentioned, we expect the shape of earnings for the rest of 2026 to trend in line with prior years, weighted towards the second half with each quarter stepping up sequentially from the last, which is typical for a scaling recurring revenue business.
Matthew Wilson ·
For the remainder of 2026, we expect daily average revenue per unit in North America to grow year-over-year, tracking in line with CPI to reflect the broader economic environment. We will continue to build on our proprietary and licensed games to bring to the market with Ultimate Fire Link, Rampage, Monsters, Dancing Drums and Huff N' Puff franchises all performing above expectations and focus on longevity of these games providing further revenue upside.
Matthew Wilson ·
As we look into the second half, we will be opportunistic with investments back into the business.
Oliver Chow ·
How is Light & Wonder scored?
Research dated 2026-09-13.
Unlike pure digital game developers, this business must manage physical manufacturing and casino hardware maintenance alongside its software platforms. Yet unlike traditional heavy-machinery suppliers, its product lines generate continuous digital royalties.
This hybrid structure creates a margin profile that blends hardware manufacturing costs with software licensing profits. The inclusion of a social gaming division also exposes the company to consumer mobile app trends, decoupling a portion of its revenue from traditional casino regulation and foot traffic.
| Company | Price | Market value | Score |
|---|---|---|---|
| $11.25 Oct 2, 2026 | $5.72B | — 5-pillar · not comparable | |
| $20.01 Oct 2, 2026 | $4.95B | — 5-pillar · not comparable | |
| $67.25 Oct 2, 2026 | $4.89B | — 5-pillar · not comparable | |
| $54.92 Oct 2, 2026 | $7.79B | — 5-pillar · not comparable | |
| $120.85 Oct 2, 2026 | $6.05B | — 5-pillar · not comparable | |
| $29.65 Oct 2, 2026 | $6.04B | — 5-pillar · not comparable | |
| $76.05 Oct 2, 2026 | $5.30B | — 5-pillar · not comparable | |
| $141.16 Oct 2, 2026 | $5.03B | — 5-pillar · not comparable | |
| $30.48 Oct 2, 2026 | $7.67B | — 5-pillar · not comparable | |
| $75.88 Oct 2, 2026 | $7.88B | — 5-pillar · not comparable | |
| $18.59 Oct 2, 2026 | $9.22B | — 5-pillar · not comparable | |
| $104.20 Oct 2, 2026 | $3.58B | — 5-pillar · not comparable |
The comparison model is unavailable. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Insider activity
Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated May 22, 2026
- Transactions
- 3
- Identified insiders
- 2
- Purchases
- 0
- Sales
- 1
- Other transactions
- 2
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Common Questions About LNWO (Consumer Cyclical)
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last question is answered from this page's own dated data, not from the research.
How does the SciPlay division make money without real betting?
The social gaming arm relies on players purchasing virtual chips and bingo cards to continue playing. While the games simulate casino mechanics, the revenue comes entirely from microtransactions rather than real-money wagering losses.
Does the company rely primarily on selling new slot machines?
Selling physical hardware accounts for a minority of total sales. The bulk of the business comes from ongoing service fees, system management software, and digital platform licensing.
How does the massive debt load impact the investment case?
The balance sheet holds vast liabilities compared to a very small cash reserve. The business relies entirely on its strong, continuous operating cash flow to service this leverage, leaving little room for operational missteps.
Will overseas tax policies affect revenue growth?
Management explicitly warned that foreign tax increases will slow revenue momentum in upcoming reporting periods. The company aims to offset this drag by launching new proprietary game franchises.
What is the LNWO stock price today?
The last price recorded on this page for Light & Wonder, Inc. (LNWO) is $76.80, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (70 figures)
The 70 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 3 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
list.rule_notice | Listing-status notice (8-K Item 3.01) | 8-K Item 3.01, filed Aug 6, 2025 | OFFICIAL | SEC EDGAR — Form 8-K, Item 3.01 — Item 3.01 covers both continued-listing notices and voluntary transfers between exchanges; the filing states which applies and any cure terms. | |
prod.outlook | Management outlook — call excerpts | Matthew Wilson (Aug 4, 2026): Looking ahead, we anticipate year-over-year growth rates to moderate in the second half of the year due to the previously mentioned U.K. tax increases, which took effect during the quarter and stronger comparables in the prior year. We expect this to be partially offset by the continued performance and launch of our 1PP proprietary games. Matthew Wilson (Aug 4, 2026): As previously mentioned, we expect the shape of earnings for the rest of 2026 to trend in line with prior years, weighted towards the second half with each quarter stepping up sequentially from the last, which is typical for a scaling recurring revenue business. Matthew Wilson (Aug 4, 2026): For the remainder of 2026, we expect daily average revenue per unit in North America to grow year-over-year, tracking in line with CPI to reflect the broader economic environment. We will continue to build on our proprietary and licensed games to bring to the market with Ultimate Fire Link, Rampage, Monsters, Dancing Drums and Huff N' Puff franchises all performing above expectations and focus on longevity of these games providing further revenue upside. Oliver Chow (Aug 4, 2026): As we look into the second half, we will be opportunistic with investments back into the business. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | LAS Vegas, NV | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "6601 Bermuda Road, Las Vegas, NV, 89119, US". |
FMP — 62 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Nov 4, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $76.80 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T17:24:48.165Z. | |
px.change | Change on the day | +3.43% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $6.04B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:00.000Z. Captured from FMP at 2026-10-04T17:24:47.936Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$2.55 | FMP | Financial Modeling Prep (FMP) · quote | |
px.range52 | 52-week range | $70.00–$122.65 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | 22.65 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 10.6K | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 0.39 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | Matthew Richard Wilson | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 6,800 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.q_revenue | Revenue, Q2 FY2026 | $828M | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $2.15B, net result $371.00M; FY2022 revenue $2.51B, net result $3.67B; FY2023 revenue $2.90B, net result $163.00M; FY2024 revenue $3.19B, net result $336.00M; FY2025 revenue $3.31B, net result $276.00M | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Product $1.02B · Service $2.30B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 67.9% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $828.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.rd_k | R&D — period end 2026-06-30 | $61.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $211.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $223.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $790.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.rd_k | R&D — period end 2026-03-31 | $67.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $237.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $184.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $890.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.rd_k | R&D — period end 2025-12-31 | $60.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $225.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $259.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $841.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.rd_k | R&D — period end 2025-09-30 | $62.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $219.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | $229.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-08-04.revenue_actual | Revenue · reported — report date 2026-08-04 | $828.00M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.revenue_estimated | Revenue · estimate — report date 2026-08-04 | $842.54M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.eps_actual | EPS · reported — report date 2026-08-04 | $1.5500 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-04.eps_estimated | EPS · estimate — report date 2026-08-04 | $1.2800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-06.revenue_actual | Revenue · reported — report date 2026-05-06 | $790.00M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-06.revenue_estimated | Revenue · estimate — report date 2026-05-06 | $832.82M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-06.eps_actual | EPS · reported — report date 2026-05-06 | $0.6700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-06.eps_estimated | EPS · estimate — report date 2026-05-06 | $1.5700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-24.revenue_actual | Revenue · reported — report date 2026-02-24 | $891.00M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-24.revenue_estimated | Revenue · estimate — report date 2026-02-24 | $907.68M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-24.eps_actual | EPS · reported — report date 2026-02-24 | $1.9600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-24.eps_estimated | EPS · estimate — report date 2026-02-24 | $1.5300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-05.revenue_actual | Revenue · reported — report date 2025-11-05 | $841.00M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-05.revenue_estimated | Revenue · estimate — report date 2025-11-05 | $866.97M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-05.eps_actual | EPS · reported — report date 2025-11-05 | $1.3600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-05.eps_estimated | EPS · estimate — report date 2025-11-05 | $1.3500 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $148.00M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $241.00M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $101.00M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $5.16B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 19.68× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $241.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | $139.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$83.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$74.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $319.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$93.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $184.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.capex_m | Capital expenditure (reported) — period end 2025-09-30 | −$79.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
own.insiders | Insider transactions via FMP | 3 transactions · 0 purchases, 1 sales, 2 other transactions · 2 identified insiders · of the newest 100 records, those within the last 180 days, newest dated May 22, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. |
UNRECORDED — 2 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 3 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-09-10 · Expired observation | |
fin.scores | Distress and quality screens | Altman Z 1.65 · Piotroski F 6 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-04 · Expired observation |
COMPUTED — 3 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 40.81× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $148.00M at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
earn.history.depth.2026-08-04.revenue_actual.comparison | Latest report · revenue vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($828.00M) with the recorded estimate ($842.54M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-08-04.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($1.5500) with the recorded estimate ($1.2800) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.rd_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.rd_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.rd_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.rd_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-08-04. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-08-04.revenue_actual,earn.history.depth.2026-08-04.revenue_estimated,earn.history.depth.2026-08-04.revenue_actual.comparison,earn.history.depth.2026-08-04.eps_actual.comparison,earn.history.depth.2026-08-04.eps_actual,earn.history.depth.2026-08-04.eps_estimated,earn.history.depth.2026-05-06.revenue_actual,earn.history.depth.2026-05-06.revenue_estimated,earn.history.depth.2026-05-06.eps_actual,earn.history.depth.2026-05-06.eps_estimated,earn.history.depth.2026-02-24.revenue_actual,earn.history.depth.2026-02-24.revenue_estimated,earn.history.depth.2026-02-24.eps_actual,earn.history.depth.2026-02-24.eps_estimated,earn.history.depth.2025-11-05.revenue_actual,earn.history.depth.2025-11-05.revenue_estimated,earn.history.depth.2025-11-05.eps_actual,earn.history.depth.2025-11-05.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m,fin.opcf.depth.2025-09-30.capex_m.
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- sedat@stockexpertai.com
Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | Light & Wonder, Inc. is a global entertainment technology company, delivering gaming experiences across multiple platforms in the U.S. and worldwide. Its operations are structured into three main divisions: Gaming, SciPlay, and iGaming. The Gaming division supplies a comprehensive range of products and services for land-based casinos, including the sale and leasing of game content, gaming machines (such as video gaming terminals and video lottery terminals, along with their accessories), and various table game equipment like automatic card shufflers and chip sorters. This segment also provides server-based systems, casino-management software and hardware, and licenses its exclusive table game content to commercial, tribal, and governmental gaming establishments. The SciPlay segment focuses on the development, marketing, and operation of social games accessible through diverse online platforms, where players can purchase virtual currency—such as coins, chips, or bingo cards—to engage with a variety of slot, table, and bingo games. The iGaming segment delivers a full spectrum of digital gaming solutions, encompassing content, distribution platforms, player account management systems, and related services, notably offering its Open Platform System which equips operators with essential reporting and administrative functionalities to manage their digital gaming operations effectively. Established in 1984, Light & Wonder, Inc. maintains its corporate headquarters in Las Vegas, Nevada. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Product: $1.02B; Service: $2.30B | 2025-12-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Cash, investments and debt | Total debt: $5.16B; Liquidity basis: cash and short-term investments; Total liabilities: $6.06B; Cash and short-term investments: $148.00M; Cash and investments: $249.00M; Long-term investments: $101.00M; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-08-04 | FMP | Financial Modeling Prep (FMP) earnings |
| Management outlook — dated call excerpts | Captured record · 4 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-08-04 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Trailing twelve-month ratio set | Quick ratio: 1.46; Current ratio: 1.73; Debt to equity: 17.08; Net margin: 8.1%; Gross margin: 67.9%; Operating margin: 26.7%; Return on assets: 4.3%; Return on equity: 68.6% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Next earnings report | Date: 2026-11-04; EPS estimate: $1.68 per share; Revenue estimate: $847.08M The date is our provider's estimate until the company confirms it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-13 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$5.01B; Total debt: $5.16B; Cash and investments: $148.00M Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
Data provided for informational purposes only.