{"schema_version":"secwatch.filing_event.v1","accession":"0000750004-26-000021","form_type":"8-K","ticker":"LNWO","cik":"0000750004","company_name":"Light & Wonder, Inc.","filed_at":"2026-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.700780+00:00","generated_at":"2026-05-14T23:01:56.308982+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Light & Wonder Q1 revenue $790M (+2%); net income down 37% on $50M legal reserve; AEBITDA $327M (+5%)","bullets":["Revenue $790M (+2% YoY); Gaming operations revenue up 38% to $239M; machine sales down 25%.","Net income $52M ($0.66/share), down 37% YoY due to ~$50M legal reserve; Adjusted NPATA $115M ($1.45/share, +7%).","Consolidated AEBITDA $327M (+5%); all three segments posted AEBITDA growth and margin expansion.","North American premium unit base up 650 sequentially (2,550 YoY); Grover added 660 units from Indiana entry.","Operating cash flow $139M (-25% on legal settlements); Adjusted free cash flow $207M (+86%)."],"urls":{"canonical":"https://secwatch.observer/filing/0000750004-26-000021","json":"https://secwatch.observer/filing/0000750004-26-000021.json","markdown":"https://secwatch.observer/filing/0000750004-26-000021.md","text":"https://secwatch.observer/filing/0000750004-26-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/750004/000075000426000021/0000750004-26-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/750004/000075000426000021/lnw-20260506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T23:01:56.308982+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cf20177ccc9a4e16522c06a647fd3f59919e662f","claim":"Light & Wonder, Inc. reported first quarter ended March 31, 2026 results: revenue $790 million, net income $52 million, EPS $0.66 per share.","evidence_excerpt":"demonstrating resilience against a backdrop of macroeconomic and geopolitical uncertainty, including tariff-related pressures. Consolidated revenue grew 2% year-over-year to $790 million, against a strong prior year period. We continue to execute against our commitment to deliver enhanced quality of earnings through recurring revenue (4) , with Gaming operations","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/750004/000075000426000021/0000750004-26-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$790 million"},{"label":"Net income","value":"$52 million"},{"label":"EPS","value":"$0.66 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}