Filing Flows › AMN Healthcare Services (AMN) › Q2 2026 › vs Q1 2026
AMN Healthcare Services (AMN) Q2 2026 vs Q1 2026 (quarter over quarter)
AMN Healthcare Services's revenue fell $705M (-51%) from $1.4B in Q1 2026 to $673M in Q2 2026. The biggest changes: Labor disruption services −$697M (-97%); Temporary staffing −$12.2M (-2%); International nurse +$2.1M (+6%). Gross margin 30.6% against 26.8% (+3.8 pts).
AMN Healthcare Services, Q2 2026: revenue $673M (+2% year over year), operating margin 4.0%, net earnings $21.2M, operating cash flow −$190M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 30.6% | 26.8% | +3.8 pts |
| Operating margin | 4.0% | 8.5% | -4.5 pts |
| Net margin | 3.1% | 4.5% | -1.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Travel nurse staffing | $228M | $241M | −$13.5M | -6% |
| Locum tenens staffing | $131M | $131M | −$422K | -0.3% |
| Technology-enabled services | $84.8M | $84.9M | −$120K | -0.1% |
| Language services | $69.6M | $68.9M | $665K | +1% |
| International nurse staffing | $36.4M | $34.4M | $2.0M | +6% |
| Interim leadership staffing | $22.1M | $23.0M | −$867K | -4% |
| Temporary staffing | $572M | $584M | −$12.2M | -2% |
| International nurse | $39.9M | $37.7M | $2.1M | +6% |
| Labor disruption services | $25.3M | $722M | −$697M | -97% |
| Vendor management systems | $15.2M | $15.9M | −$785K | -5% |
| Permanent placement | $15.1M | $13.0M | $2.1M | +16% |
| Local staffing | $8.1M | $9.3M | −$1.2M | -13% |
| Revenue | $673M | $1.4B | −$705M | -51% |
| Gross profit | $206M | $369M | −$163M | -44% |
| Cost of revenue | $467M | $1.0B | −$542M | -54% |
| Operating profit | $26.9M | $117M | −$90.3M | -77% |
| Operating expenses | $179M | $252M | −$72.7M | -29% |
| Pre-tax earnings | $19.9M | $110M | −$90.6M | -82% |
| Other expense, net | $7.0M | $6.7M | $297K | +4% |
| SG&A | $147M | $218M | −$71.0M | -33% |
| Other operating costs | $31.6M | $33.2M | −$1.7M | -5% |
| Income tax benefit | $1.3M | −$48.3M | $49.6M | — |
| Net earnings | $21.2M | $62.2M | −$41.0M | -66% |
| Operating cash sources | $255M | −$455M | $710M | — |
| Depreciation & amortization | $34.1M | $35.7M | −$1.6M | -4% |
| Share-based compensation | $9.8M | $9.9M | −$53K | -0.5% |
| Cash used in operations | $190M | −$562M | $752M | — |
| Working capital & other | $255M | −$455M | $710M | — |
Questions
How much did AMN Healthcare Services's revenue grow quarter over quarter in Q2 2026?
AMN Healthcare Services's revenue fell $705M (-51%) from $1.4B in Q1 2026 to $673M in Q2 2026.
What drove AMN Healthcare Services's revenue change in Q2 2026?
Labor disruption services −$697M (-97%); Temporary staffing −$12.2M (-2%); International nurse +$2.1M (+6%).