SHARPE
Reported results
- Total revenues of $990.5 million in Q3 2026 vs. $1.0 billion in Q3 2025
- Net income attributable to Boyd Gaming of $124.9 million, or $1.71 per share (GAAP) in Q3 2026 vs. $1.4 billion, or $17.81 per share in Q3 2025
- Total Adjusted EBITDAR of $319.6 million in Q3 2026 vs. $321.8 million in Q3 2025
- Adjusted Earnings of $121.7 million, or $1.67 per share (non-GAAP) in Q3 2026 vs. $139.1 million, or $1.72 per share in Q3 2025
- Cash on hand of $297.2 million and total debt of $2.7 billion as of September 30, 2026
- Repurchased $164 million in shares during Q3 2026; paid quarterly cash dividend of $0.20 per share on October 15, 2026
Notes
Q3 2025 net income was materially affected by a $1.4 billion after-tax gain from the sale of the Company’s equity interest in FanDuel and $65.1 million in non-cash pretax long-lived asset impairment charges. The release notes that Sam’s Town Tunica was closed in November 2025 and Sam’s Town Shreveport was sold in August 2026, impacting Midwest & South segment comparisons.
Price and volatility reaction
The stock moved -0.8% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.6 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 72.27 | 2026-10-22 |
| Close after release | 71.69 | 2026-10-23 |
| Realised move | -0.8% | close to close |
| 30d ATM IV change | -4.6 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.