LVS Q3 Misses Prior Year, Raises Dividend 20% and Buys Back $950M
LVS is trading near its 52-week low of $35.28 (2.0% above the low).
Summary
Las Vegas Sands posted weaker Q3 results — revenue $3.22B and EPS $0.48, both down year over year — but raised its 2027 dividend 20% to $1.44 a share and repurchased $950M of stock during the quarter.
Key Events · Earnings and Guidance · LVS
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Q3 Results Decline Year Over Year
Net revenue $3.22B vs $3.33B, net income $352M vs $491M, diluted EPS $0.48 vs $0.61. Consolidated adjusted property EBITDA fell to $1.12B from $1.34B.
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Marina Bay Sands Drags on EBITDA
Singapore adjusted property EBITDA was $590M vs $743M, a 45.6% margin versus 51.7% a year ago; Macao EBITDA was $529M vs $601M.
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Dividend Raised 20% for 2027
Annual recurring dividend rises to $1.44 per share ($0.36 quarterly) from $1.20; next $0.30 quarterly payment is November 10, 2026 to holders of record November 2.
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$950M Repurchased, $5.06B Remaining
About 21M shares bought at a $45.31 weighted average in Q3; $5.06B remains under the $6B authorization announced July 2026.
Analysis · LVS · Real Estate & Construction
The capital return is the story here. Revenue fell to $3.22B from $3.33B and adjusted property EBITDA dropped to $1.12B from $1.34B, with Marina Bay Sands the weak spot ($590M vs $743M). Against that, management raised the 2027 dividend 20% to $1.44 a share and repurchased $950M of stock in the quarter, leaving $5.06B on the buyback authorization. With the stock near its 52-week low, the higher dividend and remaining repurchase capacity put a floor under sentiment even as earnings soften.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LVS was trading at $36.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $24.3B. The 52-week trading range was $35.28 to $70.45. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.