Boyd Gaming's stock experienced a significant after-hours plunge of 6.91% following the release of its first-quarter fiscal 2026 financial results.

The casino operator reported quarterly adjusted earnings per share of $1.60, missing the analyst consensus estimate of $1.73 by 7.51%. Revenue for the quarter came in at $997.355 million, slightly below the expected $1.000 billion. Adjusted net income of $123.1 million also fell short of the $131.8 million estimate.

Company performance showed mixed results across segments. While the Midwest & South segment delivered revenue and EBITDAR growth, the Las Vegas Locals segment faced pressure from continued softness in destination business and renovation disruption at the Suncoast property. Overall net income declined 5.3% year-over-year to $105.5 million despite a modest 0.6% revenue increase.