Wynn Resorts earnings date and guidance
MyStockButler's October 2026 analysis: Wynn Resorts' next results are expected on November 5, 2026. Wynn Resorts must show whether operating cash flow is keeping pace with construction payments and UAE contributions.
What has Wynn Resorts guided for 2026?
Enhancement spending aims to make a resort more attractive or productive, while maintenance keeps the existing operation working. Replacing worn carpets protects today’s hotel business; adding a new restaurant is meant to create future sales. Management expects $350 million–$375 million of Las Vegas enhancement spending in 2026. It guides another $90 million–$115 million for maintenance at Las Vegas and Encore Boston Harbor in 2026.
Macau adds a separate construction programme. Management expects $350 million–$400 million of Macau project spending in 2026. That rises to $750 million–$800 million in 2027, while Macau maintenance requires $70 million–$80 million in 2026. The disclosed regional categories therefore total approximately $860 million–$970 million for 2026, before separate UAE contributions.
| the period guided | low | high | the date it was given | |
|---|---|---|---|---|
| estimated project capital expenditures related to enhancements at our Las Vegas Operations (2026) | Year to Dec 2026 | 350,000 | 375,000 | Aug 6, 2026 |
| estimated project capital expenditures related to enhancements at our Las Vegas Operations (2027) | Year to Dec 2027 | 175,000 | 200,000 | Aug 6, 2026 |
| total maintenance capital expenditures at our Las Vegas Operations and Encore Boston Harbor (2026) | Year to Dec 2026 | 90,000 | 115,000 | Aug 6, 2026 |
What this means. These figures are budgets for spending on the company's properties, not forecasts of how much profit it will earn.
What were Wynn Resorts' revenue and profit over the last eight quarters?
Revenue reached $1.857 billion in the quarter, up 6.9% from June 2025. Operating income rose to $297.6 million, an increase of 12.5%. Net income attributable to Wynn rose to $140.1 million from $66.2 million, a much faster increase that points beyond ordinary resort operations.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,856,933 | 1,856,762 | 1,865,983 | 1,833,747 | 1,737,797 | 1,700,397 | 1,838,797 | 1,693,323 |
| Operating income | 297,588 | 282,604 | 274,706 | 310,489 | 264,600 | 268,589 | 366,895 | 133,237 |
| Net income | 140,062 | 120,454 | 100,028 | 88,341 | 66,218 | 72,747 | 276,972 | -32,053 |
| EPS, diluted | 1.32 | 1.04 | 0.82 | 0.85 | 0.64 | 0.69 | 2.29 | -0.29 |
What this means. Free cash flow can be negative even when the company reports a profit because it subtracts cash spent on equipment and buildings.
What should Wynn Resorts watch in the next results?
The next scheduled checkpoint is the third-quarter results call on November 5, 2026. The important combination is operating cash flow, construction payments and UAE contributions. Revenue growth alone cannot prove that the programme is funding itself.
Through the first half of 2027, investors should compare renovation spending with physical progress and watch whether lost Encore room revenue remains manageable. March 7, 2027 is a refinancing checkpoint because of the Wynn Macau bond redemption option. September 2027 is the UAE opening target, testing construction, staffing, systems and customer readiness.