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Molina plunges as 2026 guidance disappoints

By Seeking Alpha  
   February 06, 2026

Molina Healthcare has plummeted 33% in after-hours trading Thursday after posting its Q4 financial results that included disappointing 2026 profit guidance. The Medicare and Medicaid-focused managed care company is projecting 2026 adjusted earnings of at least $5 per share. Consensus is $13.71. It is also projecting full-year revenue of $44.5 billion. Consensus is $46.79 billion. Molina said that earnings for this year are being negatively impacted by $2.50 a share due to the implementation of a new Medicaid contract and poor performance of its Medicare Advantage Part D product. The company said it would stop offering its Part D plan in 2027 since it "does not align with its strategic shift to focus exclusively on its $5 billion dual eligible business in Medicare." Part D brought in about $1 billion annually in premiums.

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