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Centene CNC Q2 2026 earnings

Reported July 28, 2026 · Before market open

Revenue$53.6BBeat by $5.9B
EPS$2.51Beat by $1.42
Revenue estimate$47.6B
EPS estimate$1.09
“We are also pleased to welcome Paul Diaz to the Board. His extensive healthcare leadership experience, public company governance expertise and record of guiding organizations through growth and transformation will bring valuable perspective as Centene continues to advance its strategy and serve its members.”
Frederick H. Eppinger

Next report

Oct 27, 2026 (in 2 months)
Revenue estimate$47.1B
EPS estimate$0.07

Financials

Q2 2026

Income statement

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Revenue$53.6B+9.9%
Gross profit$52.9B+9.9%
Operating income$1.2B+362%
Net income$1.1B+531%
EPS (diluted)$2.19+529%

Balance sheet

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Cash & equivalents$24.2B+66.4%
Total debt$16.1B-8.4%
Total equity$22.6B-17.7%
Total assets$83.0B-3.9%

Cash flow

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Operating cash flow$3.6B+101%
CapEx$174.0M-16.3%
Free cash flow$3.4B+117%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$32.34B+128%
Enterprise value$24.3B+41.0%
P/S0.2×+0.1×

Profitability

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Gross margin98.6%+0.2pp
Operating margin-2.8%-3.9pp
Net margin-2.5%-3.7pp
FCF margin4.4%+3.8pp

Returns & leverage

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Return on equity-20.4%-27.9pp
Debt / equity0.7×+0.1×
Current ratio1.1×0.0×

Segments

By segment

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Medicaid$32.0B+14.2%
Medicare$11.1B+17.0%
Commercial$9.4B-7.1%
Other$1.2B-2.3%

By product

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Premium and service revenues$44.4B+4.5%
Premium$43.6B+4.4%
Service$793.0M+9.1%

FAQ

When did Centene report Q2 2026 earnings?
Centene (CNC) reported Q2 2026 earnings on July 28, 2026 before market open.
What were Centene's Q2 2026 revenue and EPS?
Centene reported revenue of $53.6B and eps of $2.51 for Q2 2026.
Did Centene beat estimates in Q2 2026?
Revenue beat the consensus estimate of $47.6B by $5.9B. EPS beat the consensus estimate of $1.09 by $1.42.
How did Centene's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.9% from $48.7B a year earlier.
Where can I find Centene's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001071739-26-000154) and the 10-Q periodic report (0001071739-26-000153) directly on SEC EDGAR. The filing index links above go to sec.gov.