Sarah M. London Reports Centene Corporation Second Quarter Results and Increased 2026 Guidance
Centene Corporation reported second-quarter financial results for the period ended June 30, 2026, showing a GAAP diluted earnings per share of $2.19. Sarah M. London, Chief Executive Officer of Centene Corporation, noted that the results represent significant milestones in the company's path toward restoring profitability and increasing shareholder value. While the company saw a premarket gains, shares fell nearly 9% following the market opening as investors reacted to a projected underperformance in the Medicaid business. Despite this, the administration announced an increase in total revenues guidance for 2026, raising the range to $193.5 billion to $197.5 billion. The company also raised its 2026 GAAP diluted earnings per share guidance floor to greater than $3.11. Centene Corporation reported total revenues of $53,579 million for the second quarter. The company also reported a health benefits ratio of 89.6% and an adjusted SG&A expense ratio of 6.9%.