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Wynn Resorts (WYNN) Stock Falls on Q1 2026 Earnings

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Wynn Resorts Limited (WYNN) reported first-quarter 2026 results with total revenues of $1.86 billion, a 9.2% year-over-year increase. Diluted earnings per share were $1.04, up 50.7% from a year earlier, and net income attributable to common shareholders rose 65.6% to $120.5 million.

Key financials:

  • Total revenue: $1.86 billion (+9.2% YoY)
  • Gross profit: $746 million (+3.8% YoY)
  • Operating profit: $283 million (+5.2% YoY)
  • Net income attributable to common shareholders: $120.5 million (+65.6% YoY)
  • Diluted EPS: $1.04 (+50.7% YoY)
  • Cash flow and balance sheet highlights:

  • Cash from operating activities: $478 million (+257.3% YoY)
  • Purchases of property, plant and equipment (capex): $171.2 million (+7.1% YoY)
  • Cash and cash equivalents: $1.46 billion (-29.3% YoY)
  • Total liabilities: $13.94 billion (+0.9% YoY)
  • Cost of sales: $1.11 billion (+13.2% YoY)
  • Results versus expectations and market reaction:

  • Revenue estimate: $1.86 billion
  • EPS estimate: $1.20
  • WYNN's diluted EPS of $1.04 fell short of the estimate.
  • Shares were down 1.73% since market close.
  • Takeaways: improved operating cash flow and a large jump in net income drove stronger profitability despite a decline in cash balances; management invested in the business with higher capex while keeping liabilities relatively stable year-over-year.

    Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

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    Wynn Resorts Limited Hedge Fund Activity

    We have seen 256 institutional investors add shares of Wynn Resorts Limited stock to their portfolio, and 267 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

    Wynn Resorts Limited Analyst Ratings

    Wall Street analysts have issued reports on $WYNN in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Morgan Stanley issued a "Overweight" rating on 11/25/2025
    • Citigroup issued a "Buy" rating on 11/21/2025
    • Wells Fargo issued a "Overweight" rating on 11/18/2025
    • Mizuho issued a "Outperform" rating on 11/13/2025

    To track analyst ratings and price targets for Wynn Resorts Limited, check out Quiver Quantitative's $WYNN forecast page.

    Wynn Resorts Limited Price Targets

    Multiple analysts have issued price targets for $WYNN recently. We have seen 11 analysts offer price targets for $WYNN in the last 6 months, with a median target of $145.0.

    Here are some recent targets:

    • Rachael Rothman from Susquehanna set a target price of $127.0 on 04/16/2026
    • Trey Bowers from Wells Fargo set a target price of $144.0 on 04/16/2026
    • David Katz from Jefferies set a target price of $150.0 on 04/06/2026
    • Stephen Grambling from Morgan Stanley set a target price of $136.0 on 02/25/2026
    • Robin Farley from UBS set a target price of $146.0 on 02/23/2026
    • Ben Chaiken from Mizuho set a target price of $134.0 on 02/17/2026
    • Chad Beynon from Macquarie set a target price of $152.0 on 02/13/2026

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