Light & Wonder Q2 net income rises 26% to $120 million; revenue increases 2% year-over-year to $828 million

• Light & Wonder posted Q2 2026 net income of $120 million, up 26% year-over-year; diluted EPS rose 38% to $1.53.
• Revenue increased 2% to $828 million; net cash from operating activities more than doubled to $241 million.
• Non-GAAP consolidated adjusted EBITDA climbed 9% to $383 million, reflecting margin expansion across all three segments.
• Gaming revenue rose 5% to $554 million, led by Gaming operations up 18% to $247 million; Grover contributed $45 million, up $24 million.
• Management reiterated its FY 2026 outlook for mid- to high-single-digit non-GAAP adjusted EBITDA growth, targeting net debt leverage below 3.0x in 1H 2027.

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