Molina Healthcare Q2 FY26 GAAP EPS drops 74% to $1.19; revenue falls 4.8% to $10.87 billion

• Molina Healthcare posted Q2 GAAP net income of $60 million, down 76% year over year; GAAP diluted EPS fell to $1.19.
• Adjusted net income dropped 74% to $77 million; adjusted diluted EPS slid to $1.51.
• Revenue declined 5% to $10.87 billion as premium revenue fell 6% to $10.24 billion on lower membership, partly offset by rate updates.
• Medical care ratio widened 1.8 percentage points to 92.2%, while the pre-tax margin narrowed to 0.8% from 2.8%.
• Raised full-year adjusted EPS guidance by $0.25 to at least $5.25; CEO Joseph Zubretsky said Medicaid rate-cost imbalance has stabilized.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Molina Healthcare Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001179929-26-000036), on July 22, 2026, and is solely responsible for the information contained therein.