Molina Healthcare Q3 2026 revenue and EPS beat estimates; FY26 guidance includes Florida Medicaid loss

Molina Healthcare beat Q3 estimates with revenue of $11.08B and adjusted EPS of $0.89. FY26 guidance includes a $1.50/share loss from the new Florida Medicaid contract and a $1.00/share loss from the MAPD exit. Management sees potential turn in Medicaid margins.