Filing Flows › Community Health Systems (CYH) › Q2 2026 › vs Q1 2026
Community Health Systems (CYH) Q2 2026 vs Q1 2026 (quarter over quarter)
Community Health Systems's revenue fell $140M (-5%) from $3.0B in Q1 2026 to $2.8B in Q2 2026. The biggest changes: Medicare −$67.0M (-13%); Managed Care and Other Third Party Payors −$56.0M (-4%); Medicare Managed Care −$47.0M (-8%). Operating margin 13.8% against 9.5% (+4.3 pts).
Community Health Systems, Q2 2026: revenue $2.8B (-10% year over year), operating margin 13.8%, net earnings $70.0M, operating cash flow $88.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.8% | 9.5% | +4.3 pts |
| Net margin | 2.5% | -2.0% | +4.4 pts |
| Free cash flow margin | 0.4% | -12.6% | +13.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Managed Care and Other Third Party Payors | $1.3B | $1.3B | −$56.0M | -4% |
| Medicare Managed Care | $527M | $574M | −$47.0M | -8% |
| Medicaid | $520M | $497M | $23.0M | +5% |
| Medicare | $446M | $513M | −$67.0M | -13% |
| Self Pay Revenue | $39.0M | $32.0M | $7.0M | +22% |
| Revenue | $2.8B | $3.0B | −$140M | -5% |
| Operating profit | $389M | $281M | $108M | +38% |
| Costs & expenses | $2.4B | $2.7B | −$248M | -9% |
| Pre-tax earnings | $180M | $64.0M | $116M | +181% |
| Other expense, net | $209M | $217M | −$8.0M | -4% |
| Cost of revenue | $401M | $441M | −$40.0M | -9% |
| Other operating costs | $2.0B | $2.2B | −$208M | -9% |
| Net earnings | $70.0M | −$58.0M | $128M | — |
| Minority interests | $34.0M | $33.0M | $1.0M | +3% |
| Income tax | $76.0M | $89.0M | −$13.0M | -15% |
| Operating cash sources | $180M | $59.0M | $121M | +205% |
| Depreciation & amortization | $108M | $114M | −$6.0M | -5% |
| Share-based compensation | $2.0M | $3.0M | −$1.0M | -33% |
| Working capital & other | $92.0M | $356M | −$264M | -74% |
| Operating cash flow | $88.0M | −$297M | $385M | — |
| Free cash flow (OCF − capex) | $12.0M | −$373M | $385M | — |
| Capital expenditures | $76.0M | $76.0M | $0 | 0% |
Questions
How much did Community Health Systems's revenue grow quarter over quarter in Q2 2026?
Community Health Systems's revenue fell $140M (-5%) from $3.0B in Q1 2026 to $2.8B in Q2 2026.
What drove Community Health Systems's revenue change in Q2 2026?
Medicare −$67.0M (-13%); Managed Care and Other Third Party Payors −$56.0M (-4%); Medicare Managed Care −$47.0M (-8%).