Molina Healthcare Reports Strong Q2 Earnings, Raises Full-Year Guidance
Molina Healthcare (NYSE:MOH) reported second-quarter adjusted earnings per share of $1.51 on premium revenue of $10.2 billion in the quarter ended June 30, 2026. The results exceeded expectations and led to an upward revision of full-year 2026 adjusted EPS guidance from at least $5.00 to a minimum of $5.25 per share. The company attributed its strong performance primarily to solid Medicaid operations and better-than-expected outcomes in Medicare duals programs, which helped offset ongoing challenges in the Marketplace segment. Management noted that Medicaid trends remained stable with an MCR of 92.7% for Q2 and expects a full-year MCR of 92.9%. However, Molina reduced its full-year Marketplace outlook to a $0.75 per share loss due to higher medical costs. Looking ahead, the company warned that 2027 will see a reduction in Marketplace premiums by approximately $1 billion as it scales back exposure in this segment. Management remains optimistic about Medicaid margins improving through future rate-setting processes and potential off-cycle updates.
Tickers: $MOH
Topics: healthcare marketplace_performance medicaid medicare_duals