What is the 2026 earnings guidance for Light & Wonder?

Light & Wonder (ASX:LNW) expects mid- to high-single-digit growth in consolidated adjusted earnings for the full 2026 financial year. The company stated it remains on track to meet these growth targets while continuing to pay down its corporate debt.

What are the debt reduction targets for Light & Wonder?

Light & Wonder (ASX:LNW) aims to reduce its net debt leverage ratio to the midpoint of its 2.5 to 3.5 times target range by the end of 2026. The group forecast that this ratio will drop below 3.0 times during the first half of 2027.

How much money is left for the Light & Wonder share buyback programme?

Light & Wonder (ASX:LNW) has approximately US$180 million remaining for share repurchases as of July 1. This remaining balance follows previous capital allocations dedicated to the ongoing buyback scheme.

What did Light & Wonder spend on share buybacks in the second quarter?

Light & Wonder (ASX:LNW) spent US$134 million to repurchase 1,612,580 CHESS Depositary Interests during the second quarter of 2026. This transaction left the group with a total of 77,049,181 outstanding shares and depositary interests.

What were the first quarter financial results for Light & Wonder?

Light & Wonder (ASX:LNW) generated US$790 million in first-quarter revenue, which represents a 2.1% increase compared to the previous year. Adjusted earnings for the same period rose 5.1 per cent to US$327 million, while net debt sat at US$5.2 billion.

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Light & Wonder reaffirms single digit earnings growth

Written by Heidi Cuthbert Published Jul 14, 2026, 6:40 AM

Light & Wonder reaffirmed its full-year 2026 financial guidance for single-digit growth.
The company details a clear plan to reduce its net debt leverage ratio by 2027.
A continuing share buyback programme aims to support long-term corporate value.

Light & Wonder (ASX:LNW) has reaffirmed its full-year 2026 guidance, projecting mid- to high-single-digit growth in adjusted earnings.

The group stated it remains on track to reduce its targeted net debt leverage ratio by late 2026.

The company reported that US$180 million remains available for its ongoing share buyback programme as of July 1.

During the second quarter of 2026, the business spent US$134 million to repurchase more than 1.6 million depositary interests.

Following the announcement the Light & Wonder share price was unchanged at $155.00.

The gaming firm previously reported first-quarter revenue of US$790 million, representing a 2.1 per cent increase from last year.

Net debt stood at US$5.2 billion ahead of the second-quarter financial results announcement on Aug. 4.

Light & Wonder reaffirms single digit earnings growth

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