
• Reported GAAP EPS of $3.13 up 18.56% YoY • Reported revenue of $49.94B up 7.13% YoY • Centene increased its 2026 premium and service revenues guidance to $171.0 billion to $175.0 billion, driven by Medicaid, and raised its adjusted diluted EPS guidance floor to greater than $3.40.
Bullish
Centene delivered strong adjusted EPS and raised its full year guidance. The company improved its HBR and SG&A expense ratios, driven by cost management, and saw growth in Medicare PDP membership.
Bearish
Centene experienced declines in total at-risk and Medicaid membership, while the commercial segment showed higher acuity and revenue decreased. The company also recorded a net loss on debt extinguishment.