Light & Wonder Q2 net income up 26% to $120M; EBITDA up 9% to $383M; reiterates FY2026 outlook

Light & Wonder, Inc.

Net income $120M ($1.53 EPS), up 26% YoY; revenue $828M, up 2%.
Consolidated Adjusted EBITDA $383M, up 9%; segment margins expanded.
North American Gaming ops premium installed base +652 units sequentially; iGaming double-digit growth.
Net cash from operations $241M (+127%); adjusted free cash flow +50%.
Returned $134M to shareholders via CDI repurchases (1.6M CDIs); reiterates FY2026 outlook.

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