Outlook
- HCA Healthcare lowers 2026 revenue forecast to $77 bln-$79.5 bln from $76.5 bln-$80 bln
- Company now sees 2026 net income at $6.3 bln-$6.7 bln, down from $6.495 bln-$7.035 bln
- HCA Healthcare expects 2026 EPS of $28.70-$30.50, down from $29.10-$31.50
Overview
- US hospital operator's preliminary Q2 revenue rose and beat analyst expectations
- Preliminary Q2 adjusted EPS rose yr/yr; no analyst estimates provided for comparison
- Company cited negative payer mix shift and lower surgical volumes, partly offset by Medicaid payments
Result drivers
- PAYER MIX SHIFT - Co said an increase in uninsured volume, mainly from patients losing health insurance exchange coverage, had an unfavorable impact on income before income taxes of about $400 mln in Q2
- LOWER SURGICAL VOLUME - Co said a service mix shift, mainly from a decline in surgical volume, negatively affected results
- MEDICAID SUPPLEMENTAL PAYMENTS - Co recognized about $400 mln of incremental net benefit from Medicaid Supplemental Payment Programs, mainly in Florida, which helped offset negative factors
Key details and analyst coverage
HCA•
