AMN Healthcare Services (NYSE:AMN) Announces Quarterly Earnings Results, Beats Estimates By $0.58 EPS

Posted by Geri Gentry on Aug 7th, 2026

AMN Healthcare Services (NYSE:AMN – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.58, FiscalAI reports. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The firm had revenue of $673.24 million for the quarter, compared to analysts’ expectations of $628.39 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis.

Here are the key takeaways from AMN Healthcare Services’ conference call:

Second-quarter results exceeded expectations: Revenue rose 2% year over year to $673 million, 6% above the high end of guidance, while adjusted EBITDA increased 26% to $73 million and adjusted EPS rose to $0.77 from $0.30. Results benefited from $25 million of labor-disruption revenue versus the $10 million assumed in guidance, including approximately $27 million of favorable nonrecurring items.
Nurse and Allied Solutions showed a meaningful demand recovery. Segment revenue grew 11%, with travel nurse volume up 6% and Allied volume up 7%; travel nurse orders were up about 40% year over year in early August. The company expects more than 10% volume growth for both businesses in the third quarter, although bill rates have not yet meaningfully increased.
AMN strengthened its financial flexibility, ending the quarter with $362 million in cash, $750 million of debt, and 1.5x leverage. Management said the balance sheet enables modest share repurchases and potentially more active participation in industry consolidation, while two small acquisitions expanded its leadership assessment and AI-enabled language-services offerings.
Several businesses remain under pressure: Physician and Leadership Solutions revenue declined 6% and Technology and Workforce Solutions revenue fell 15% year over year. Language-services pricing dropped 8% and is expected to remain a headwind through 2026, while locums is undergoing a technology and process transformation that management does not expect to restore year-over-year growth until 2027.
Third-quarter guidance calls for consolidated revenue of $640 million-$655 million and adjusted EBITDA margins of 6.5%-7%, below the reported second-quarter margin because of nonrecurring benefits and a less favorable business mix. International nursing growth in 2027 may also be constrained by embassy appointment backlogs despite faster visa cutoff-date progress.

AMN Healthcare Services Trading Down 7.0%

AMN Healthcare Services stock traded down $2.29 during mid-day trading on Thursday, hitting $30.50. 1,237,825 shares of the company’s stock were exchanged, compared to its average volume of 724,875. The company’s 50 day simple moving average is $32.37 and its 200-day simple moving average is $25.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1.18 billion, a P/E ratio of -35.06, a PEG ratio of 0.75 and a beta of 0.40. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $36.27.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMN. Zacks Research cut shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group raised their price target on AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Truist Financial lifted their price objective on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. BMO Capital Markets upped their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.00.

View Our Latest Analysis on AMN Healthcare Services

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the transaction, the director owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in shares of AMN Healthcare Services in the 4th quarter valued at about $32,000. Johnson Financial Group Inc. acquired a new position in shares of AMN Healthcare Services during the third quarter worth about $63,000. Tower Research Capital LLC TRC boosted its position in shares of AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after buying an additional 1,020 shares during the period. Strs Ohio bought a new position in shares of AMN Healthcare Services during the first quarter worth about $95,000. Finally, Osaic Holdings Inc. grew its holdings in shares of AMN Healthcare Services by 55.9% during the second quarter. Osaic Holdings Inc. now owns 5,527 shares of the company’s stock worth $114,000 after buying an additional 1,981 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

(Get Free Report)

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.