The Chicago market opening is the key catalyst to watch, first licenses received and rollout begun. Monitor location and machine growth in Chicago and emerging markets (Wyoming) in coming quarters for incremental revenue contribution.
Price Chart
Executive Summary
Accel Entertainment reported Q3 2026 revenue of $364M (+10% YoY), net income of $21M (+55% YoY), and Adjusted EBITDA of $57M (+12% YoY). Revenue and EPS both beat consensus, and the company highlighted strong Illinois hold-per-day growth, Chicago license receipts, and a strong balance sheet with $294M cash and $272M net debt.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $363.6M vs consensus $359.2M, +10% YoY from $329.7M
- Q3 2026 GAAP diluted EPS $0.25 vs consensus $0.27 (Street basis $0.17, actual $0.17, in_line)
- Net income $20.6M, +55% YoY from $13.3M
- Adjusted EBITDA $57.5M, +12% YoY from $51.2M
- Operating cash flow $79.4M, Free cash flow $62.0M in Q3
- Cash and cash equivalents $294.4M, net debt $272M as of Sep 30, 2026
- Repurchased ~624,000 shares for $7.2M in Q3
- Illinois revenue ex-Fairmount Park +7% YoY, hold-per-day +9.2%
- Chicago rollout begun with first licenses received
- Total locations +5.7% to 4,705, gaming machines +6.6% to 29,548
Financial Impact
Revenue beat consensus by ~$4.4M (1.2%), GAAP EPS $0.25 vs consensus $0.27 (Street basis $0.17 in_line). Adjusted EBITDA grew 12% YoY to $57.5M.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Illinois | $257.9M | +7.9% |
| Montana | $41.1M | +1.4% |
| Nevada | $32.9M | +25.4% |
| Nebraska | $12.1M | +41.8% |
| Louisiana | $11.3M | +19.8% |
| Georgia | $7.2M | +42.3% |
| Other | $1.0M | +17.3% |
Risk Factors
- Geographic concentration in Illinois (71% of revenue)
- Nevada hold-per-day declined 16.5% YoY, indicating competitive pressure
- Share repurchase activity slowed to $7.2M in Q3 vs $12M in Q1
- Fairmount Park gaming revenue growth of 84% YoY may decelerate
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001698991-26-000068 |
| Document: acel-20261103.htm | 0001698991-26-000068 |
| Document: 0001698991-26-000068-index-headers.html | 0001698991-26-000068 |
| Document: 0001698991-26-000068-index.html | 0001698991-26-000068 |
| Document: 0001698991-26-000068.txt | 0001698991-26-000068 |
| 8-K Data (Synthetic) | 0001698991-26-000068 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 6, 2026 1d ago | Insider Cluster | $13.51 | awaiting T+20 | awaiting T+20 | $13.72 (+1.55%) |
Nov 3, 2026 4d ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Nov 3, 2026 4d ago | Press Release | $13.42 | awaiting T+20 | awaiting T+20 | $13.72 (+2.24%) |
Nov 2, 2026 6d ago | 144 | $11.91 | awaiting T+20 | awaiting T+20 | $13.72 (+15.20%) |
Oct 19, 2026 19d ago | 3 | $10.83 | awaiting T+20 | awaiting T+20 | $13.72 (+26.69%) |
Oct 6, 2026 4w ago | 3 | $10.94 $13.50 | ▲ +23.35% | ▲ +24.59% | $13.72 (+25.41%) |
Sep 17, 2026 7w ago | Insider Cluster | $11.27 $10.88 | ▲ +3.46% | ▲ +3.67% | $13.72 (−21.74%) |
Aug 14, 2026 12w ago | Institutional Cluster | $12.19 $11.55 | ▼ −5.25% | ▼ −3.27% | $13.72 (+12.55%) |
Jun 15, 2026 20w ago | Insider Cluster | $13.08 $12.50 | ▼ −4.43% | ▼ −4.63% | $13.72 (+4.89%) |
Jun 15, 2026 20w ago | Insider Cluster | $13.08 $12.50 | ▼ −4.43% | ▼ −4.63% | $13.72 (+4.89%) |
US Market Status
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