---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-013177"
form_type: "8-K"
ticker: "BYD"
cik: "0000906553"
company_name: "BOYD GAMING CORP"
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:45:51.417829+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Boyd Gaming Q1 revenue up to $997.4M; net income down to $105.5M; adjusted EPS $1.60

## Summary
- Revenue $997.4M (+0.6% YoY); net income $105.5M ($1.37/sh) vs $111.4M ($1.31/sh) in Q1 2025.
- Adjusted EBITDAR $317.4M vs $337.5M; property margins exceeded 39%.
- Opened Cadence Crossing Casino in Las Vegas; advancing $750M Virginia resort.
- Received Illinois regulatory approval for Par-A-Dice expansion; construction planned 2027.
- Returned ~$170M to shareholders in Q1 via buybacks and dividends.

## SEC filing metadata
- accession: 0001437749-26-013177
- form_type: 8-K
- ticker: BYD
- cik: 0000906553
- company_name: BOYD GAMING CORP
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906553/000143774926013177/0001437749-26-013177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906553/000143774926013177/bgc20260403c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-013177
- JSON: https://secwatch.observer/filing/0001437749-26-013177.json
- Plain text: https://secwatch.observer/filing/0001437749-26-013177.txt

## Key facts
- Earnings Releases
  BOYD GAMING CORP reported first quarter ended March 31, 2026 results: revenue $997.4 million, net income $105.5 million, EPS $1.37 per share.
  - Period: first quarter ended March 31, 2026
  - Revenue: $997.4 million
  - Net income: $105.5 million
  - EPS: $1.37 per share
  - Result: reported results
  source text: Boyd Gaming reported first-quarter 2026 revenues of $997.4 million, increasing from $991.6 million in the first quarter of 2025. The Company reported net income of $105.5 million, or $1.37 per share, for the first quarter of 2026, compared to $111.4 million, or $1.31 per share, for the year-ago period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/906553/000143774926013177/0001437749-26-013177-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.