Earnings Releases·Oct 28, 2026, 4:30 PM ET

Community Health Systems, Inc. — Third Quarter 2026 Earnings Summary

Net operating revenues declined 10.7% year-over-year to $2.757 billion for Q3 2026, though same-store revenue grew 3.8%; the company reported a net loss of $86 million ($0.63 per share) compared to net income of $130 million in the prior year period.
Adjusted EBITDA fell 25.5% to $280 million for the quarter and 18.8% to $918 million for the nine-month period, driven by higher medical specialist fees and the absence of a $28 million legal settlement receipt recorded in Q3 2025.
The company updated its full-year 2026 guidance to project revenues of $11.3–$11.5 billion, Adjusted EBITDA of $1.225–$1.275 billion, and a net loss per share of $(1.60) to $(1.70).
Strategic progress includes the divestiture of ten hospitals in 2026 (one in February, nine between February and October), reducing total liabilities to $13.045 billion and long-term debt to $9.568 billion, while maintaining $745 million of borrowing capacity under its ABL Facility.
Management noted sequential improvements in volume trends and cash flow for Q3, though payor mix and acuity remained below expectations due to a challenging macro environment.