MOLINA HEALTHCARE, INC.

Molina Healthcare reported its second quarter 2026 financial results, with GAAP diluted EPS of $1.19 and adjusted diluted EPS of $1.51, both significantly down year-over-year due to lower premium revenues and an increased Medical Care Ratio. Despite the Q2 declines, the company increased its full-year 2026 adjusted earnings guidance to at least $5.25 per diluted share, citing solid performance in Medicaid and Medicare segments and stabilized Medicaid rates. The company expects 2026 to be a trough year for Medicaid margins, with confidence for profitable growth in 2027.

Molina Healthcare, Inc. announced that its Illinois health plan subsidiary, Molina Healthcare of Illinois, intends to be awarded a HealthChoice Illinois Medicaid Managed Care program contract by the Illinois Department of Healthcare and Family Services. The contract is expected to go live on January 1, 2027, with an initial duration of four-and-a-half years and an option for a five-and-a-half-year extension. Molina will be one of six health plans serving Illinois's approximately 3.1 million Medicaid beneficiaries.

Molina Healthcare's stockholders approved an amendment to the 2025 Equity Incentive Plan, increasing the aggregate number of shares authorized for issuance by 1,500,000 to 3,295,000 shares. Additionally, stockholders approved an amendment to the Certificate of Incorporation to allow stockholders holding at least 20% of the voting power to call a special meeting, subject to new Amended and Restated Bylaws approved by the Board. All director nominees were elected at the Annual Meeting, which achieved a 90.55% quorum.

Molina Healthcare, Inc. announced it will host its Investor Day Conference on May 8, 2026, starting at 9:30 a.m. Eastern Time. During the event, the company plans to provide updates on its business, including long-term financial targets and strategic and operational plans. The presentation materials are attached as Exhibit 99.1, and a live webcast will be accessible on the company's investor relations website, with a 30-day replay available afterward.

Molina Healthcare reported a significant decline in its first-quarter 2026 financial results. Net income plummeted to $14 million, a sharp decrease from $298 million in the prior year's quarter. Basic net income per share also fell drastically to $0.27 from $5.47, primarily impacted by a $93 million impairment charge. Total revenue for the quarter was $10,796 million, down from $11,147 million year-over-year.

Molina Healthcare reported its first quarter 2026 financial results, with GAAP income per diluted share of $0.27 and adjusted income per diluted share of $2.35. These figures represent significant year-over-year decreases, primarily due to a $93 million intangible asset impairment and lower Medicaid and Marketplace membership. Despite the declines, the company reaffirmed its full year 2026 guidance for premium revenue of approximately $42 billion and adjusted earnings of at least $5.00 per diluted share, citing disciplined medical cost management and moderately favorable medical cost trends.