Accel Entertainment Reports $351.6 Million Revenue for Q1 2026, Driven by Gaming Growth

Accel Entertainment, Inc. reported a total net revenue of $351.6 million for the three months ended March 31, 2026, marking an increase of $27.6 million, or 8.5%, compared to $323.9 million in the same period of the previous year. The growth was primarily driven by a 9.8% rise in net gaming revenue, which reached $331.4 million, attributed to an increase in gaming locations and terminals. However, the company experienced a significant decline in manufacturing revenue, which fell by 67.9% to $1.2 million, reflecting lower equipment and software sales. The overall operating income for the quarter was $27.1 million, a slight increase from $25.9 million in the prior year.

Operating expenses also rose, totaling $324.5 million, an increase of 8.9% from $298.0 million in the previous year. This rise was driven by higher costs associated with revenue, which increased by 9.1% to $241.6 million, and general and administrative expenses, which grew by 9.5% to $58.0 million. The company reported a net income of $14.7 million, a marginal increase from $14.6 million in the prior year, resulting in basic earnings per share of $0.18, up from $0.17.

In terms of operational metrics, Accel Entertainment reported a total of 4,540 locations as of March 31, 2026, an increase of 149 locations, or 3.4%, from the previous year. The number of gaming terminals in operation also grew by 1,173 to 28,353, reflecting a 4.3% increase. The company noted a significant rise in location hold-per-day, particularly in Nebraska, which saw a 56.7% increase, indicating improved performance in that market.

Strategically, Accel Entertainment continues to expand its footprint, with operations in multiple states including Illinois, Montana, and Louisiana. The company has also made recent acquisitions, including Dynasty Games, which was acquired for $4.3 million in December 2025. The acquisition is expected to enhance the company's market presence and operational capabilities. Looking ahead, Accel Entertainment anticipates continued growth driven by an increase in gaming locations and terminals, while also monitoring macroeconomic conditions that could impact consumer spending and gaming activity. The company remains committed to its strategic initiatives and operational improvements to sustain its growth trajectory.