BYD 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

BYD ▼ -5.04% at T+20d

SHORT call ✓ call won +5.04% · α vs SPY +9.07% · entry $83.88 → $79.65

Next anchor: T+60d in 6w

Last close $86.58 (close Jun 8) · -3.22% from $83.88 entry (call sign-flipped)

Entry anchored
Apr 23, 03:59 PM ET
via Databento tick

T+1d

+4.35%

call -4.35% · α -4.19%

$87.53

settled 7w ago

T+5d

+3.66%

call -3.66% · α -2.75%

$86.95

settled 6w ago

T+20d

-5.04%

call +5.04% · α +9.07%

$79.65

settled 20d ago

T+60d

—

call — · α —

—

in 6w

Price Chart

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Executive Summary

Boyd Gaming reported Q1 2026 revenue of $997.4 million, up 0.6% YoY, but GAAP EPS of $1.37 missed consensus of $1.71 by 19.9%. Adjusted EPS was $1.60, still below consensus. The stock will likely react negatively due to the earnings miss despite modest revenue growth and a dividend increase.

Actionable Insight

Monitor management's commentary on the earnings call regarding EBITDAR decline and margin pressure, particularly in Las Vegas segments. The dividend increase and buyback signal confidence, but fundamentals weakened year-over-year.

Key Facts

Q1 2026 revenue: $997.4 million (up from $991.6 million in Q1 2025)
GAAP net income: $105.5 million or $1.37 per share vs $111.4 million or $1.31 per share in Q1 2025
Adjusted EPS: $1.60 vs $1.62 in Q1 2025
Consensus EPS estimate was $1.71, resulting in a 19.9% miss
Dividend increased to $0.20 per share from $0.18
Company repurchased $155 million in shares; board authorized additional $500 million buyback
Total Adjusted EBITDAR declined to $317.4 million from $337.5 million in Q1 2025

Financial Impact

EPS miss of $0.34 ($1.37 actual vs $1.71 consensus), revenue beat of $2.6 million

epsrevenueebitdardividend

Risk Factors

Declining Adjusted EBITDAR and operating income despite revenue growth
Margin compression in Las Vegas Locals segment due to construction disruptions and soft destination business

Market Snapshot

Exchange

NYSE

Sector

Hotels & Motels

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001437749-26-013177
Document: bgc20260403c_8k.htm	0001437749-26-013177
Document: 0001437749-26-013177-index-headers.html	0001437749-26-013177
Document: 0001437749-26-013177-index.html	0001437749-26-013177
Document: 0001437749-26-013177.txt	0001437749-26-013177
8-K Data (Synthetic)	0001437749-26-013177

6 reports for BYD

T+1T+5T+20T+60

Filters

Reports for BYD — sortable, filterable
	Type				Now
Jun 9, 2026 today	Insider Cluster BEARISH ★ 5/10	$87.78 awaiting T+20	awaiting T+20	—	$86.58 (+1.37%)
May 7, 2026 4w ago	8-K NEUTRAL ★ 2/10	$85.64 $87.87	▲ +2.60%	▲ +2.58%	$86.58 (+1.10%)
Apr 29, 2026 5w ago	144 NEUTRAL ★ 2/10	$86.29 $82.22	▼ −4.72%	▼ −10.18%	$86.58 (+0.34%)
Apr 23, 2026 6w ago	8-K BEARISH ★ 7/10	$83.88 $79.65	▲ +5.04%	▲ +9.07%	$86.58 (−3.22%)
Mar 20, 2026 11w ago	DEFA14A NEUTRAL ★ 2/10	$81.06 $88.12	▲ +8.71%	▼ −0.61%	$86.58 (+6.81%)
Feb 24, 2026 15w ago	8-K NEUTRAL ★ 3/10	$84.72 $84.87	▲ +0.17%	▲ +5.41%	$86.58 (+2.19%)

US Market Status

Market Closed — Opens in 7h 7m

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