Filing Flows › AMN Healthcare Services (AMN) › Q2 2026
AMN Healthcare Services (AMN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
AMN Healthcare Services (AMN) reported revenue of $673M for the second quarter 2026 (Q2 2026), +2% from a year earlier and -51% from the quarter before. Operating margin was 4.0%, net earnings $21.2M (3.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $673M | -51% | +2% |
| Gross profit | $206M | -44% | +5% |
| Operating profit | $26.9M | -77% | — |
| Net earnings | $21.2M | -66% | — |
| Operating cash flow | −$190M | -134% | -342% |
What changed
Revenue was $673.2M in Q2 2026, up 2% year over year and down 51% from the previous quarter. Travel nurse staffing was the largest line at 34% of revenue. Travel nurse staffing added $20.0M year over year (up 10%), 133% of the total change. Vendor management systems declined 20%.
Gross margin was 30.6%, up 0.7 points from Q2 2025. Operating profit was $26.9M, a 4.0% margin (up 22.8 points year over year). Operating expenses fell 44% while revenue rose 2%. Net earnings were $21.2M. The effective tax rate was -6.3%.
Operating cash flow was −$189.9M. Non-cash charges added back $34.1M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items used $255.0M. Capital expenditures of $8.5M exceeded it, leaving free cash flow of −$198.5M.
Questions
What was AMN Healthcare Services' revenue in the second quarter 2026?
AMN Healthcare Services (AMN) reported revenue of $673M for the second quarter 2026 (Q2 2026), +2% from a year earlier and -51% from the quarter before.
Was AMN Healthcare Services profitable in the second quarter 2026?
Operating profit was $26.9M (4.0% of revenue) and net earnings $21.2M.