Molina Healthcare, Inc. Q1 2026 Earnings Recap

MOH Q1 2026 April 23, 2026

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Molina Healthcare delivered a solid first quarter with $2.35 EPS on $10.2 billion revenue, reaffirming full-year guidance amid a challenging medical environment.

Earnings Per Share Beat

$2.35 vs $1.57 est.

+49.7% surprise

Revenue Miss

10796000000 vs 10874180000 est.

-0.7% surprise

Market Reaction

1-Day +15.22%

5-Day +21.45%

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Key Takeaways

Adjusted pretax margin of 1.6% reflects disciplined cost management despite a 92% Medicaid MCR and a favorable medical cost trend of 5% for 2026.
Medicare MCR stood at 89.8%, with successful transition of Duals and strategic exit from MAPD for 2027.
Marketplace membership of 305,000 exceeds guidance, driven by stability in renewal members within the silver tier.
Full-year 2026 guidance of $42 billion premium revenue and at least $5 EPS reaffirmed, with upcoming updates after Q2 results.
Conservative stance on political/regulatory impacts, with plans to detail a 3-year outlook at Investor Day, highlighting opportunities for margin expansion and revenue growth.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit MOH on AllInvestView.

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