AMN Healthcare reports Q2 revenue of $673 million, raises Q3 outlook
AMN Healthcare said second-quarter revenue rose 2% from a year earlier to $673 million and projected third-quarter revenue would be 1% to 3% above last year.
AMN Healthcare Services reported second-quarter 2026 revenue of $673 million on Aug. 6 and said it expects third-quarter revenue to rise 1% to 3% from a year earlier.
The company said profitability improved even as revenue remained well below the prior quarter. AMN also gave segment-level guidance for the current quarter for nurse staffing, physician services and technology tools for healthcare employers.
What happened
AMN said net income was $21 million, or $0.53 per diluted share, compared with a net loss of $116 million, or $(3.02) per diluted share, in the same quarter last year. Adjusted diluted earnings per share were $0.77, up from $0.30 a year earlier.
Adjusted EBITDA came in at $73 million, up 26% from a year ago, with an adjusted EBITDA margin of 10.9%, the company said.
Why it matters
The company said consolidated revenue was up 2% year over year but down 51% from the prior quarter. AMN said gross margin improved to 30.6%, while selling, general and administrative expenses fell to $147 million from $155 million a year earlier.
Income from operations was $27 million, for a 4.0% operating margin, compared with an operating loss of $124 million in the second quarter of 2025.
Context and segment results
AMN said Nurse and Allied Solutions generated $422 million in revenue, up 11% from a year earlier. That included travel nurse staffing revenue up 10% and allied division revenue up 8%.
Physician and Leadership Solutions revenue was $165 million, down 6% year over year, while Technology and Workforce Solutions revenue was $87 million, down 15% year over year. AMN said locum tenens revenue was $131 million, language services revenue was $70 million and vendor management systems revenue was $15 million.
The company said labor disruption contributed $25 million of revenue in the quarter, compared with $16 million a year earlier and $722 million in the prior quarter.
On the balance sheet, AMN said it ended the quarter with $362 million in cash and cash equivalents. It reported $750 million in total debt and said it had not drawn on its revolving credit facility. Remaining client deposits totaled $117 million and will be settled in the coming months, the company said.
What the company said
AMN said third-quarter 2026 revenue is expected to be 1% to 3% higher than a year earlier. It projected Nurse and Allied Solutions revenue up 9% to 11%, Physician and Leadership Solutions revenue down 5% to 7%, and Technology and Workforce Solutions revenue down 11% to 13%.
The company also outlined expected third-quarter costs, including $13 million of depreciation, $8 million of interest expense, a 28% adjusted tax rate and 40.1 million diluted average shares outstanding.
What happens next
AMN said it will host a conference call on Aug. 6 at 5 p.m. Eastern time and provide a webcast on its investor website.
Sources
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