Staffing firm AMN Healthcare Q1 revenue doubles, beating estimates, on labor disruption events

AMN Healthcare Services

07/05/2026 21:49

Overview

U.S. healthcare staffing firm's Q1 revenue and adjusted EPS beat analyst expectations

Company benefited from labor disruption events and growth in travel nurse and allied segments

Q2 revenue expected to decline yr/yr due to lower labor disruption revenue

Outlook

Company sees Q2 2026 revenue at $620 mln to $635 mln

Nurse and Allied Solutions Q2 revenue expected to be down 0-2% year over year

Technology and Workforce Solutions Q2 revenue projected to be down 14-16% year over year

Result Drivers

LABOR DISRUPTION EVENTS - Labor disruption events contributed $722 mln in revenue, significantly boosting quarterly results

TRAVEL NURSE AND ALLIED GROWTH - Travel nurse staffing revenue rose 12% yr/yr and 16% sequentially; allied division revenue increased 3% yr/yr and sequentially

WORKING CAPITAL TIMING - Cash flow from operations and quarter-end cash balance benefited from favorable timing of working capital related to labor disruption events

Company press release: ID:nGNX2wH0VR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.38 bln
$1.23 bln (9 Analysts)
Q1 Adjusted EPS
Beat
$2.10
$1.62 (8 Analysts)
Q1 EPS
$1.59
Q1 Net Income
$62.20 mln
Q1 Gross Margin
26.80%
Q1 Operating margin
8.50%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the healthcare facilities & services peer group is "buy."

Wall Street's median 12-month price target for AMN Healthcare Services Inc is $23.00, about 9.7% above its May 6 closing price of $20.97

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)