Molina Healthcare

Q2 FY2026 EarningsQ2 FY26 missed consensus estimates across key profitability metrics despite revenue slightly beating expectations ($10.87B vs. $10.78B expected). GAAP EPS of $1.17 significantly missed the $1.25 mean estimate as the consolidated Medical Care Ratio (MCR) surged to 92.2% vs. 90.4% YoY, driven by a challenging medical cost environment across all segments. While the Medicaid segment remained stable, the Marketplace MCR of 88.9% was higher than expected, reflecting unfavorable member acuity and prior-year risk adjustments.