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

AMN Healthcare Services (NYSE:AMN) issued its earnings results on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.58, FiscalAI reports. The business had revenue of $673.24 million during the quarter, compared to analysts’ expectations of $628.39 million. AMN Healthcare Services had a return on equity of 20.48% and a net margin of 3.06%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS.

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 Up 16.7%

AMN stock traded up $5.13 during trading on Friday, hitting $35.93. The company had a trading volume of 1,517,139 shares, compared to its average volume of 749,640. The business has a 50-day moving average of $32.51 and a 200-day moving average of $25.09. AMN Healthcare Services has a one year low of $14.86 and a one year high of $36.86. The stock has a market cap of $1.39 billion, a PE ratio of 13.41, a PEG ratio of 0.71 and a beta of 0.40. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04.

Key Headlines Impacting AMN Healthcare Services

Here are the key news stories impacting AMN Healthcare Services this week:

• Positive Sentiment: Quarterly earnings and revenue topped estimates. AMN reported adjusted EPS of $0.77, up from $0.30 a year earlier and well above analysts’ expectations of approximately $0.19-$0.22. Revenue rose 2.3% year over year to $673 million, exceeding the roughly $628 million consensus estimate. GAAP earnings were $0.53 per share, while adjusted EBITDA totaled $73 million. AMN Healthcare Announces Second Quarter 2026 Results
• Positive Sentiment: Growth was broad-based across staffing and search services. Results benefited from higher demand in travel nursing, allied healthcare staffing and executive search, along with activity related to labor disruptions. The earnings beat suggests AMN is gaining operating leverage as demand stabilizes. AMN Q2 Earnings Beat Estimates on Staffing and Search Growth
• Positive Sentiment: Third-quarter revenue guidance exceeded expectations. Management forecast Q3 revenue of $640 million to $655 million, above the consensus estimate of $618.4 million. Although the range implies a sequential decline from Q2, it indicates stronger near-term demand than analysts had projected. AMN Healthcare Quarterly Earnings Report
• Neutral Sentiment: The company continues to face a challenging staffing environment, including a negative reported net margin, while investors will watch whether the recent earnings strength can persist after labor-disruption-related activity.

Analysts Set New Price Targets

AMN has been the topic of several research reports. BMO Capital Markets boosted their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a research report on Tuesday, June 23rd. UBS Group boosted their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday. Finally, 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. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.86.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the transaction, the director owned 17,917 shares in the company, valued at approximately $556,681.19. This trade represents a 17.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in AMN Healthcare Services by 1.5% during the first quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after acquiring an additional 2,784 shares during the last quarter. AQR Capital Management LLC raised its position in shares of AMN Healthcare Services by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after acquiring an additional 34,465 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of AMN Healthcare Services in the 1st quarter valued at about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of AMN Healthcare Services by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after purchasing an additional 1,153 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of AMN Healthcare Services by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock valued at $10,516,000 after purchasing an additional 51,737 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

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.