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Did Tenet Healthcare Beat Earnings?
Tenet Healthcare (THC) reported Q2 '26 revenue of $5.63B, up 6.8% year-over-year, with reported EPS of $6.12. That topped the $4.08 analyst estimate by 50.0% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Tenet Healthcare’s job postings, web traffic, and employee business outlook. See the full THC stock analysis or the earnings calendar for upcoming reports.
THC Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $4.08 | $6.12 | Beat +50.0% |
| Q1 '26 | $4.17 | $4.82 | Beat +15.6% |
| Q4 '25 | $4.07 | $4.70 | Beat +15.5% |
| Q3 '25 | $3.35 | $3.70 | Beat +10.4% |
| Q2 '25 | $2.87 | $4.02 | Beat +40.1% |
| Q1 '25 | $3.13 | $4.36 | Beat +39.3% |
Tenet Healthcare Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.12B | 5.07B | 5.22B | 5.27B | 5.29B | 5.53B | 5.37B | 5.63B |
| Gross margin | 39.5% | 40.3% | 82.6% | 82.3% | 58.3% | 15.7% | 16.4% | 18.2% |
| Operating margin | 21.3% | 16.2% | 17.3% | 15.6% | 16.8% | 15.7% | 16.4% | 18.2% |
| Net income | 472M | 318M | 406M | 288M | 342M | 371M | 702M | 826M |
| Net margin | 9.2% | 6.3% | 7.8% | 5.5% | 6.5% | 6.7% | 13.1% | 14.7% |
| EPS | $2.93 | $3.44 | $4.36 | $4.02 | $3.70 | $4.70 | $4.82 | $6.12 |
Tenet Healthcare Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Tenet Healthcare’s quarterly revenue moved from $5.12B to $5.63B. Net margin expanded from 9.2% to 14.7%, against a 18.2% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Tenet Healthcare has beaten Wall Street EPS estimates in 8 of its last 8 reported quarters.
When Is Tenet Healthcare’s Next Earnings Date?
Tenet Healthcare reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the THC earnings calendar.
Frequently Asked Questions: Tenet Healthcare Earnings
Tenet Healthcare's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Tenet Healthcare reported Q2 '26 EPS of $6.12 on revenue of $5.63B (+6.8% YoY). Tenet Healthcare beat estimates, reporting $6.12 vs. the $4.08 estimate.
Tenet Healthcare reported Q2 '26 revenue of $5.63B, up 6.8% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the THC AI Score.
