Wynn Resorts Doubles Q2 Earnings on Macau Surge, Targets September 2027 UAE Debut
WYNN is trading near its 52-week low of $92.516 (11% above the low).
Summary
Driven by Macau strength, Wynn Resorts reported Q2 2026 net income of $140.1 million ($1.32/share), more than double the prior year. The company also announced a September 2027 opening for Wynn Al Marjan Island in the UAE and declared a $0.25 dividend.
Key Events · Earnings and Guidance · WYNN
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Net Income More Than Doubles
Net income for Q2 2026 reached $140.1 million, or $1.32 diluted EPS, up from $66.2 million, or $0.64, in the prior-year period, on revenue of $1.86 billion.
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Macau Drives Growth
Wynn Palace revenue rose 21% to $653.4 million, with Adjusted Property EBITDAR up 28% to $201.5 million. Wynn Macau revenue increased 2% to $351.1 million.
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UAE Opening Set for September 2027
The company's 40%-owned joint venture in Ras Al Khaimah, Wynn Al Marjan Island, is now expected to open in September 2027. Life-to-date cash contributions total $1.06 billion.
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Dividend Declared, Buybacks Continue
A $0.25 per share cash dividend was declared, payable August 28, 2026. During Q2, the company repurchased $75.0 million in stock at an average price of $101.20, with $326.1 million remaining under the program.
Analysis · WYNN · Real Estate & Construction
A standout quarter saw net income more than double to $140.1 million, or $1.32 per share, on revenue of $1.86 billion. Macau was the engine—Wynn Palace revenue climbed 21% and its Adjusted Property EBITDAR jumped 28%—while Las Vegas held steady. Crucially, the UAE expansion gained a concrete timeline: Wynn Al Marjan Island is now set to open in September 2027, turning a long-term growth story into a near-term catalyst. Management underscored its confidence in the cash flow trajectory with a $0.25 dividend and $75 million in buybacks. The only blemish was a 12% EBITDAR decline at Encore Boston Harbor, though the property remains profitable. With $1.57 billion in cash and ample revolver capacity, the balance sheet comfortably supports both the UAE build-out and shareholder returns.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 36.9% of the 1029 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WYNN was trading at $103.00 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $92.52 to $134.72. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.