Light & Wonder (LNW) Stock Price, News & Analysis

Company Overview

Light & Wonder, Inc. (NASDAQ: LNW) is a global gaming and entertainment technology company formed in 2022 following the rebranding of Scientific Games. Headquartered in Las Vegas, Nevada, the company designs, develops and distributes a broad portfolio of products and services for the gaming, sports betting and lottery industries. Its offerings span gaming machines and table games, lottery systems and services, digital platforms and content, and player engagement solutions.

The company’s gaming machines segment includes slot machines, video lottery terminals and electronic table games, supported by proprietary hardware and software platforms. In its lottery operations, Light & Wonder delivers integrated systems, scratch‐off tickets and draw‐based games to state and national lotteries worldwide. Its digital division powers online gaming and sports betting through software-as-a-service platforms, content aggregation, risk management tools and managed services designed to optimize player acquisition and retention.

Light & Wonder serves a diverse customer base that encompasses commercial and tribal casinos, national lotteries, sports wagering operators and digital gaming venues across North America, Latin America, Europe, Asia Pacific and Africa. With a global footprint that includes research and development centers, production facilities and customer support offices, the company leverages local market expertise and global scale to drive innovation and deliver reliable solutions.

Under the guidance of an experienced leadership team with deep roots in the gaming and technology sectors, Light & Wonder continues to invest in product development, digital transformation and strategic partnerships. The company’s ongoing focus on content creation, platform enhancements and operational efficiency aims to drive long-term growth and support the evolving needs of its customers in the rapidly changing gaming landscape.

Key Stats

• Today's Range: $86.22 to $86.22
• 50-Day Range: $71.41 to $91.14
• 52-Week Range: $69.56 to $101.65
• Volume: N/A
• Average Volume: 1.46 million shs
• Market Capitalization: $7.03 billion
• P/E Ratio: 21.77
• Dividend Yield: N/A
• Price Target: $108.50
• Consensus Rating: Moderate Buy

Company Calendar

• Last Earnings: 11/05/2025
• Today: 5/14/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: GAMING
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:LNW
• CIK: 750004
• Web: www.scientificgames.com
• Phone: (702) 897-7150
• Fax: 702-897-2284
• Employees: 6,800
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Light & Wonder: $108.50
• High Price Target: $130.00
• Low Price Target: $83.00
• Potential Upside/Downside: +25.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.59
• Trailing P/E Ratio: 21.77
• Forward P/E Ratio: 20.05
• P/E Growth: 0.48
• Net Income: $336 million
• Net Margins: 10.89%
• Pretax Margin: 13.82%
• Return on Equity: 71.17%
• Return on Assets: 8.73%

Debt

• Debt-to-Equity Ratio: 6.86
• Current Ratio: 1.77
• Quick Ratio: 1.51

Sales & Book Value

• Annual Sales: $3.22 billion
• Price / Sales: 2.18
• Cash Flow: $11.17 per share
• Price / Cash Flow: 7.72
• Book Value: $7.20 per share
• Price / Book: 11.98

Miscellaneous

• Outstanding Shares: 81,524,000
• Free Float: 82,100,000
• Market Cap: $7.03 billion
• Optionable: No Data
• Beta: 1.42