earnings
confidence high
sentiment positive
materiality 0.85
Tenet Q2 net income $826M, EPS $9.84; raises FY2026 EBITDA guidance to $4.83-5.03B
TENET HEALTHCARE CORP
- Net income $826M ($9.84 diluted) vs $288M ($3.14) YoY; adjusted EPS $6.12 vs $4.02, up 52.2%.
- Consolidated Adjusted EBITDA $1.304B, up 16.3% YoY; margin 23.2%.
- Board authorized $2.0B increase to share repurchase program; $2.13B remaining.
- FY2026 Adjusted EBITDA outlook raised to $4.83-5.03B (midpoint +$295M); adjusted FCF outlook $2.725-3.025B.
- Hospital EBITDA $762M (18.0% margin) vs $623M (15.6%); Ambulatory EBITDA $542M (39.0% margin).