Molina Healthcare Inc: Beat — EPS $0.89, Revenue $11.08B
Earnings BeatQ3 2026 · After-market
@trystockwhiz
Did Molina Healthcare Inc (MOH) beat earnings today?
Yes, Molina Healthcare Inc (MOH) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+12.66% surprise
$0.89Actual
Expected: $0.79
vs. year ago -51.6%
Total Revenue+2.05% surprise
$11.08BActual
Expected: $10.86B
vs. year ago -3.4%
Released Oct 21 · 4:15 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Total Revenue | $11.08B | $11.48B | -3.4 |
| Revenue detail — reported lines | |||
| └─Premium revenue | $10.46B | $10.84B | -4.0 |
| └─Premium tax revenue | $500.00M | $506.00M | -1.2 |
| └─Investment income | $102.00M | $108.00M | -5.6 |
| └─Other revenue | $23.00M | $22.00M | +4.5 |
| └─Medicaid | $8.20B | $8.02B | +2.3 |
| └─Medicare | $1.62B | $1.61B | +0.4 |
| └─Marketplace | $642.00M | $1.20B | -46.4 |
| └─Other | - | $19.00M | - |
| Net income | $38.00M | $79.00M | -52.0 |
| GAAP Diluted EPS | $0.73 | $1.51 | -52.0 |
| Adjusted net income | $46.00M | $97.00M | -53.0 |
| Adjusted Diluted EPS | $0.89 | $1.84 | -53.0 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Guidance |
|---|---|---|
| Premium revenue | — | ~$42B |
| GAAP earnings | — | at least $2.38 |
| Adjusted earnings | — | at least $5.25 |
Business Highlights
- ➤Served approximately 4.9 million members as of September 30, 2026.
- ➤Medicaid membership was 4,372,000 at quarter-end.
- ➤Medicare membership was 222,000 at quarter-end.
- ➤Marketplace membership was 267,000 at quarter-end.
- ➤Management cited recent 2027 rate updates.
- ➤Management said medical-cost trend appeared to be plateauing at elevated levels.
- ➤Company expects to implement the new Florida Medicaid contract in Q4 2026.
- ➤Company plans to exit the traditional MAPD product for 2027.
- ➤Molina provides managed healthcare through Medicaid, Medicare, and state insurance marketplaces.
- ➤Days in claims payable were 44, consistent with June 30, 2026.
Management Commentary
Joseph Zubretsky, President and Chief Executive Officer
“We are pleased with our third quarter results in this challenging environment and reaffirm our full year guidance. With the apparent plateauing of medical cost trend, which remains at elevated levels, and the strength of recent rate updates for 2027, we believe we are likely observing the beginning of the turn in Medicaid margins.”