Light & Wonder (LNW) Stock Overview
Operates as a cross-platform games company in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
LNW Community Fair Values
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Analyst Price Targets
Light & Wonder, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$124.30 |
| 52 Week High | AU$193.00 |
| 52 Week Low | AU$96.79 |
| Beta | 0.37 |
| 1 Month Change | 15.38% |
| 3 Month Change | 8.43% |
| 1 Year Change | 4.67% |
| 3 Year Change | 8.67% |
| 5 Year Change | n/a |
| Change since IPO | 33.58% |
Recent News & Updates
LNW: Future Returns Will Depend On Buybacks And Modest Margin Compression
The Light & Wonder analyst price target has shifted from A$113.59 to A$118.34 as analysts update their assumptions around fair value, discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News for Light & Wonder Light & Wonder reported that from April 1, 2026 to June 30, 2026, the company repurchased 1,600,000 shares for US$134 million under the buyback announced on June 13, 2024.
LNW: Share Repurchases Will Support Earnings Power Despite Higher Discount Rate
Analysts have reduced their price target on Light & Wonder to A$168.45 from A$177.72, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026, it repurchased 200,000 shares for $22 million under the buyback announced on June 13, 2024.LNW: Future Returns Will Rely On Buybacks And Margin Resilience
Analysts have adjusted their A$ price targets on Light & Wonder, reflecting updated views that now combine a lower fair value estimate of A$113.59 with expectations for a higher profit margin and a lower future P/E multiple than previously assumed. What’s in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026, it repurchased 200,000 shares for US$22 million under the buyback announced on June 13, 2024, completing a total of 13,259,462 shares repurchased for US$1,186 million.
LNW: Share Buybacks And Margin Outlook Will Support Future Upside Potential
Analysts have trimmed their Light & Wonder price target to about A$220 from roughly A$240, citing updated assumptions that combine a higher discount rate and more moderate revenue growth with stronger profit margins and a lower future P/E multiple. What’s in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026 it repurchased 200,000 shares for $22 million under the buyback program announced on June 13, 2024.Recent updates
LNW: Future Returns Will Depend On Buybacks And Modest Margin Compression
The Light & Wonder analyst price target has shifted from A$113.59 to A$118.34 as analysts update their assumptions around fair value, discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News for Light & Wonder Light & Wonder reported that from April 1, 2026 to June 30, 2026, the company repurchased 1,600,000 shares for US$134 million under the buyback announced on June 13, 2024.LNW: Share Repurchases Will Support Earnings Power Despite Higher Discount Rate
Analysts have reduced their price target on Light & Wonder to A$168.45 from A$177.72, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026, it repurchased 200,000 shares for $22 million under the buyback announced on June 13, 2024.LNW: Future Returns Will Rely On Buybacks And Margin Resilience
Analysts have adjusted their A$ price targets on Light & Wonder, reflecting updated views that now combine a lower fair value estimate of A$113.59 with expectations for a higher profit margin and a lower future P/E multiple than previously assumed. What’s in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026, it repurchased 200,000 shares for US$22 million under the buyback announced on June 13, 2024, completing a total of 13,259,462 shares repurchased for US$1,186 million.LNW: Share Buybacks And Margin Outlook Will Support Future Upside Potential
Analysts have trimmed their Light & Wonder price target to about A$220 from roughly A$240, citing updated assumptions that combine a higher discount rate and more moderate revenue growth with stronger profit margins and a lower future P/E multiple. What’s in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026 it repurchased 200,000 shares for $22 million under the buyback program announced on June 13, 2024.Recurring Revenue And Cross Platform Content Will Reshape This Gaming Leader
Catalysts About Light & Wonder Light & Wonder develops and distributes casino gaming, social casino and iGaming content and platforms across land based and digital channels globally. What are the underlying business or industry changes driving this perspective?Shareholder Returns
| LNW | AU Hospitality | AU Market | |
|---|---|---|---|
| 7D | 8.8% | 1.1% | 3.3% |
| 1Y | 4.7% | -4.5% | 4.0% |
Return vs Industry: LNW exceeded the Australian Hospitality industry which returned -4.5% over the past year.
Return vs Market: LNW matched the Australian Market which returned 4% over the past year.
Price Volatility
| LNW volatility | |
|---|---|
| LNW Average Weekly Movement | 5.8% |
| Hospitality Industry Average Movement | 7.6% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in AU Market | 16.8% |
| 10% least volatile stocks in AU Market | 3.8% |
Stable Share Price: LNW has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: LNW's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1984 | 6,800 | Matt Wilson | www.lnw.com |
Light & Wonder, Inc. operates as a cross-platform games company in the United States and internationally. It operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals and video lottery terminals, including conversion kits and spare parts.
Light & Wonder, Inc. Fundamentals Summary
| LNW fundamental statistics | |
|---|---|
| Market cap | AU$9.58b |
| Earnings (TTM) | AU$383.28m |
| Revenue (TTM) | AU$4.74b |
Is LNW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LNW income statement (TTM) | |
|---|---|
| Revenue | US$3.35b |
| Cost of Revenue | US$859.00m |
| Gross Profit | US$2.49b |
| Other Expenses | US$2.22b |
| Earnings | US$271.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 03, 2026
| Earnings per share (EPS) | 3.52 |
| Gross Margin | 74.35% |
| Net Profit Margin | 8.09% |
| Debt/Equity Ratio | 1,699.3% |
How did LNW perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/08 20:52 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Light & Wonder, Inc. is covered by 35 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Ryan | Barrenjoey Markets Pty Limited |
| Baxter Kirk | Bell Potter |
| Michael Hickey | Benchmark Company |