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HCA Healthcare reports mixed Q1 volumes, cites weak respiratory season and weather impact

Company Fundamentals
24 Apr 2026
Vandana Singh
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Bearish
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HCA Healthcare reported Q1 2026 adjusted earnings of $7.15 per share, slightly up from $6.45 last year and in line with expectations. While same-facility admissions and equivalent admissions rose modestly, emergency room visits and surgeries declined slightly. The company attributed the softer volume growth to a milder respiratory season, with respiratory admissions down 42% and ER visits down 32%, as well as a January winter storm affecting certain markets. Despite these challenges, HCA reaffirmed its 2026 earnings guidance of $29.10-$31.50 per share and revenue guidance of $76.5 billion-$80 billion, close to analyst consensus. Shares fell over 9% following the report.

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