The EPS miss on a revenue beat creates mixed signals; watch for management's commentary on the Q4 call regarding margin trends and the Chicago rollout. The strong cash flow and buyback suggest confidence, but the miss may pressure near-term sentiment.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 3 $13.42entry
- T+1 · 4d ago +2.61%α +7.02% · $13.77
- T+3 · todayOpen
- T+5 · tomorrow Pending
- T+20 · in 24d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Accel Entertainment reported Q3 2026 revenue of $364M, up 10% YoY and above the $359.2M consensus, but GAAP diluted EPS of $0.25 missed the $0.27 consensus by 7.4%. Net income rose 55% YoY to $20.6M, and adjusted EBITDA grew 12% to $57.5M. The EPS miss was driven by higher share count and non-operating items, while the core business showed solid growth in locations, machines, and hold-per-day across most states.
Key Financial Metrics
Key Facts
- Revenue $363.6M, up 10% YoY from $329.7M, above $359.2M consensus
- GAAP diluted EPS $0.25 vs consensus $0.27, a 7.4% miss
- Net income $20.6M, up 55% YoY from $13.3M
- Adjusted EBITDA $57.5M, up 12% YoY from $51.2M
- Adjusted EPS $0.22 vs $0.19 in Q3 2025
- Operating cash flow $79.4M, free cash flow $62.0M
- Repurchased 624,000 shares for $7.2M in Q3
- Total locations up 5.7% YoY to 4,705; gaming machines up 6.6% to 29,548
- Illinois hold-per-day up 9.2% YoY to $957; Nevada hold-per-day down 16.5% to $613
- Net debt $272M, cash $294M
Financial Impact
Revenue beat consensus by ~1.3%; EPS missed by 7.4%; free cash flow $62M vs $34.5M in Q3 2025
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
- EPS miss of 7.4% vs consensus may weigh on near-term sentiment
- Nevada hold-per-day declined 16.5% YoY, indicating competitive or operational headwinds
- Illinois locations declined 1.6% YoY, though hold-per-day improved
- Share repurchase reduced diluted share count but contributed to EPS dilution from contingent earnout shares
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3394825 |
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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