LNWO Light & Wonder, Inc.
Price Chart
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.
Actionable Insight
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.
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
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 | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
2d ago
|
Institutional Cluster
| $84.71 awaiting T+1 | awaiting T+1 | — | $88.43 (+4.39%) |
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Jun 10, 2026
2d ago
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8-K
| $84.71 awaiting T+1 | awaiting T+1 | — | $88.43 (+4.39%) |
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Jun 1, 2026
11d ago
|
DEFA14A
| $83.43 $81.80 | ▼ −1.95% | ▼ −1.23% | $88.43 (+5.99%) |
US Market Status
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