This filing is purely disclosure of the annual meeting script with no new material financial data. Monitor subsequent 10-Q or 8-K for any actual deviation from the mid-to-high single-digit AEBITDA growth guidance or the 2028 targets. No immediate trading action warranted.
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Executive Summary
Light & Wonder filed its 2026 Annual Meeting script via 8-K (Items 7.01/9.01), which includes forward-looking guidance of mid-to-high single-digit consolidated AEBITDA growth for 2026 and long-term targets of $2 billion AEBITDA and EPSa >$10.55 by 2028. The script is a routine annual meeting disclosure that restates prior guidance from the Q1 FY26 Earnings Presentation — it does not introduce new material financial data or unexpected events.
Key Facts
- Filed annual meeting script for 2026 annual meeting held June 10, 2026
- Reiterates outlook: mid-to-high single-digit consolidated AEBITDA growth for 2026
- Long-term targets: 2028 consolidated AEBITDA of $2 billion, EPSa >$10.55
- Approximately $1.9 billion returned to stockholders via buybacks since March 2022 through March 31, 2026
- Repurchased ~25% of total outstanding shares since program inception
- Net debt leverage ratio target range of 2.5x to 3.5x, recently stayed below 3.5x
- Transitioned from dual Nasdaq/ASX listing to sole primary ASX listing in 2025
Financial Impact
No new financial figures — prior guidance restated; buyback total of ~$1.9B already disclosed
Risk Factors
- Forward-looking guidance is subject to geopolitical and regulatory uncertainties as noted in the filing
- Stock trades OTC post-ASX delisting, which may reduce liquidity and institutional coverage
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-072422 |
| Document: tm2617506d1_ex99-1.htm | 0001104659-26-072422 |
| Document: 0001104659-26-072422-index-headers.html | 0001104659-26-072422 |
| Document: 0001104659-26-072422-index.html | 0001104659-26-072422 |
| Document: 0001104659-26-072422.txt | 0001104659-26-072422 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 11w ago | 8-K | $84.36 $91.20 | ▲ +8.11% | ▲ +8.71% | $88.98 (+5.48%) |
Jun 11, 2026 19w ago | Institutional Cluster | $87.49 $74.17 | ▼ −15.22% | ▼ −17.82% | $88.98 (+1.70%) |
Jun 10, 2026 19w ago | 8-K | $87.49 $74.17 | ▼ −15.22% | ▼ −17.82% | $88.98 (+1.70%) |
Jun 1, 2026 21w ago | DEFA14A | $83.43 $75.09 | ▼ −10.00% | ▼ −8.43% | $88.98 (+6.65%) |
US Market Status
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