Light & Wonder has reaffirmed its full-year earnings guidance, telling investors on Tuesday that it remains on track to deliver ‘mid-to-high single-digit Consolidated AEBITDA growth’ for 2026, unchanged from the outlook issued earlier this year.
The ASX-listed games supplier stood by the target ahead of its second quarter results, a signal it does not see the June quarter having knocked it off course.
Alongside the guidance, the company gave an update on capital returns. It repurchased around $134 million of its own stock during the June quarter, leaving roughly $180 million still available under the buyback program. Purchases were paused on June 29th, ahead of the blackout period tied to the results, in line with its securities trading policy.
On the balance sheet, Light & Wonder said, ‘We are committed to deleveraging our balance sheet towards the mid-point of our targeted net debt leverage ratio range over the course of 2026 and below 3.0x during the first half of 2027.’ The 2026 leverage target, however, assumes the buyback resumes.
The company also flagged the risks attached to its outlook, including the possibility that it may not achieve the earnings momentum it expects in the second half, the timing of its own investments, customer capital expenditure cycles and any shift in capital allocation strategy.
Second quarter results are due after U.S. markets close on August 4th, landing before the ASX opens on August 5th, Sydney time.
