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Molina Healthcare MOH Q2 2026 earnings

Reported July 22, 2026 · After market close

Revenue$10.9BBeat by $42.0M
EPS$1.51Beat by $0.12
Revenue estimate$10.8B
EPS estimate$1.39
The imbalance between Medicaid rates and medical cost trend appears to have stabilized and is well positioned to be corrected with future rate increases. This reinforces our belief that 2026 is the trough year for Medicaid pretax margins. We remain confident in our disciplined approach to medical cost management and believe the premium and EPS building blocks position us well for profitable growth in 2027.
Joseph Zubretsky

Next report

Oct 28, 2026 (in 2 months)
Revenue estimate$10.9B
EPS estimate$0.82

Financials

Q2 2026

Income statement

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Revenue$10.9B-4.8%
Gross profit$1.4B-10.3%
Operating income$145.0M-61.1%
Net income$60.0M-76.5%
EPS (diluted)$1.19-74.9%

Balance sheet

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Cash & equivalents$5.0B+10.8%
Total debt$4.0B+10.9%
Total equity$4.2B-9.4%
Total assets$16.0B-1.3%

Cash flow

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CapEx$30.0M-28.6%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$10.57B+10.7%
Enterprise value$9.53B+10.7%
P/E25.9×
P/S0.2×0.0×

Profitability

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Gross margin12.6%-2.2pp

Returns & leverage

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Debt / equity0.9×+0.2×
Current ratio1.7×0.0×

FAQ

When did Molina Healthcare report Q2 2026 earnings?
Molina Healthcare (MOH) reported Q2 2026 earnings on July 22, 2026 after market close.
What were Molina Healthcare's Q2 2026 revenue and EPS?
Molina Healthcare reported revenue of $10.9B and eps of $1.51 for Q2 2026.
Did Molina Healthcare beat estimates in Q2 2026?
Revenue beat the consensus estimate of $10.8B by $42.0M. EPS beat the consensus estimate of $1.39 by $0.12.
How did Molina Healthcare's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.8% from $11.4B a year earlier and eps declined 72.4% from $5.48.
Where can I find Molina Healthcare's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001179929-26-000036) and the 10-Q periodic report (0001179929-26-000039) directly on SEC EDGAR. The filing index links above go to sec.gov.