LNW Stock - Light & Wonder, Inc.
Unlock GoAI Insights for LNW
Get institutional-grade AI analysis, real-time signals, and deep market intelligence powered by advanced machine learning.
Free 14-day trial • No credit card required
Premium members get real-time SMS alerts
Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.19B | $2.90B | $2.51B | $2.15B | $1.70B |
| Gross Profit | $2.26B | $2.03B | $1.77B | $1.54B | $1.09B |
| Gross Margin | 70.8% | 70.0% | 70.6% | 71.7% | 64.1% |
| Operating Income | $668.00M | $518.00M | $273.00M | $110.00M | $-245,000,000 |
| Net Income | $336.00M | $163.00M | $3.67B | $371.00M | $-569,000,000 |
| Net Margin | 10.5% | 5.6% | 146.3% | 17.2% | -33.5% |
| EPS | $3.77 | $1.79 | $38.78 | $3.86 | $-5.79 |
Light & Wonder, Inc. develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games. It also supplies game content, gaming machines; provides table game products and services to licensed gaming entities; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's SciPlay segment develops and publishes digital games on mobile and web platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. Its iGaming segment provides a suite of digital gaming content, including digital real-money gaming, distribution platforms, content, products, and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. The company also offers software design, development, licensing, maintenance, support services, and technology solutions. Light & Wonder, Inc. was incorporated in 1984 and is based in Las Vegas, Nevada.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 7th 2025 | JP Morgan | Downgrade | Neutral | $95 |
| February 19th 2025 | Citigroup | Upgrade | Buy | - |
| October 8th 2024 | B. Riley Securities | Resumed | Buy | $120 |
| September 25th 2024 | UBS | Upgrade | Buy | - |
| August 26th 2024 | Maxim Group | Initiation | Buy | $144 |
| May 10th 2024 | Susquehanna | Downgrade | Neutral | $95← $111 |
| March 26th 2024 | Mizuho | Initiation | Underperform | $83 |
| March 11th 2024 | Redburn Atlantic | Downgrade | Neutral | $110← $105 |
| January 30th 2024 | JP Morgan | Initiation | Overweight | $98 |
| January 16th 2024 | The Benchmark Company | Initiation | Buy | $92 |
| August 22nd 2023 | Redburn | Initiation | Buy | $104 |
| May 11th 2023 | Susquehanna | Upgrade | Positive | $70 |
| April 20th 2023 | B. Riley Securities | Initiation | Neutral | $57 |
| November 11th 2022 | Macquarie | Upgrade | Outperform | $65← $69 |
Earnings History & Surprises
LNWEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $1.77 | — | — | — |
Q4 2025 | Nov 5, 2025 | $1.35 | $1.81 | +34.1% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $1.44 | $1.58 | +9.7% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $1.17 | $1.35 | +15.4% | ✓ BEAT |
Q1 2025 | Feb 25, 2025 | $1.08 | $1.42 | +31.5% | ✓ BEAT |
Q4 2024 | Nov 12, 2024 | $1.08 | $1.34 | +24.1% | ✓ BEAT |
Q3 2024 | Aug 7, 2024 | $1.05 | $1.42 | +35.2% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.65 | $0.88 | +35.4% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $0.67 | $0.73 | +9.0% | ✓ BEAT |
Q4 2023 | Nov 9, 2023 | $0.41 | $0.81 | +97.6% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $0.33 | $1.02 | +209.1% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.25 | $0.23 | -8.0% | ✗ MISS |
Q1 2023 | Mar 1, 2023 | $0.37 | $0.12 | -67.6% | ✗ MISS |
Q4 2022 | Nov 9, 2022 | $0.33 | $0.14 | -57.6% | ✗ MISS |
Q3 2022 | Aug 9, 2022 | $-0.00 | $-0.07 | -58233.3% | ✗ MISS |
Q2 2022 | May 10, 2022 | $-0.41 | $-0.72 | -75.6% | ✗ MISS |
Q1 2022 | Mar 1, 2022 | $0.13 | $0.95 | +630.8% | ✓ BEAT |
Q4 2021 | Nov 9, 2021 | $0.29 | $1.89 | +551.7% | ✓ BEAT |
Q3 2021 | Aug 9, 2021 | $-0.08 | $0.46 | +675.0% | ✓ BEAT |
Latest News
Benchmark Maintains Buy on Light & Wonder Inc Ordinary Shares, Raises Price Target to $110
📈 PositiveSterling Infrastructure Will Replace Light & Wonder In The S&P MidCap 400 And Red Rock Resorts Will Replace Sterling Infrastructure In The S&P SmallCap 600 Effective Prior To The Opening Of Trading On Thursday, November 13
➖ NeutralLight & Wonder shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.
📈 PositiveLight & Wonder Q3 Adj. EPS $1.81 Beats $1.38 Estimate, Sales $841.000M Miss $871.529M Estimate
➖ NeutralStifel Maintains Hold on Light & Wonder, Lowers Price Target to $83
📉 NegativeLight & Wonder Provides Delisting Notice To Nasdaq; Transition To Sole Primary Listing On ASX; Nasdaq To Suspend Trading Nov 12, Delisting Effective Nov 13
➖ NeutralLight & Wonder Subsidiary To Offer $1B Senior Unsecured Notes To Refinance Debt And Fund Corporate Purposes
➖ NeutralLight & Wonder rallies after investors view a new court ruling favorably
📈 PositiveFrequently Asked Questions about LNW
What is LNW's current stock price?
What is the analyst price target for LNW?
What sector is Light & Wonder, Inc. in?
What is LNW's market cap?
Does LNW pay dividends?
Similar Stocks
Consumer Cyclical SectorExplore stocks similar to LNW for comparison