10-Q quarterly report · filed Jul 28, 2026

Centene Corporation (CNC) Q2 2026 10-Q Quarterly Report

Short answer

Centene Corporation (CNC) filed its Q2 2026 10-Q quarterly report on Jul 28, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $44.4B (up 4.5% year over year) with net income of $1.1B.

Q2 2026 key financials · XBRL

Revenue
$44.4B
+4.5% YoY · −0.6% QoQ
Net income
$1.1B
+531.2% YoY · −29.2% QoQ
Operating margin
2.7%
Gross margin
10.4%
EPS (diluted)
$2.19
+538.0% YoY · −29.6% QoQ

Source: XBRL data from the Centene Corporation (CNC) Q2 2026 10-Q on SEC EDGAR. USD.

Centene Corporation Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Total revenue $53.579B, up 10% YoY from $48.742B
  • HBR 89.6% vs 93.0% YoY; SG&A ratio 7.0% vs 7.1%
  • PDP membership growth drove premium revenue; Marketplace membership fell to 3.495M from 5.863M
  • Operating cash flow $3.6B in Q2 2026
  • Headwinds: elevated medical cost trend, Medicaid redeterminations, expired Enhanced APTCs and Marketplace membership decline

Risk Factors

  • Voluntary separation program accepted July 27, 2026, triggering estimated severance costs of $315–$365 million in 2026
  • Additional enterprise optimization charges possible in 2027, with amounts and cash expenditures not estimable
  • Actual separation-program costs may differ materially from estimates due to underlying assumptions
  • Stock repurchase authorization leaves $1.8 billion available as of June 30, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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