CYH Swings to $86M Q3 Loss, Cuts 2026 Outlook on Weak Payor Mix
CYH is trading near its 52-week low of $2.405 (4.3% below the low).
Summary
Community Health Systems reported an $86 million third-quarter loss and cut its 2026 outlook, with Adjusted EBITDA down 25.5% to $280 million as payor mix and acuity disappointed.
Key Events · Earnings and Guidance · CYH
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Q3 Loss of $86 Million
Net loss attributable to stockholders was $(86) million, or $(0.63) per diluted share, versus net income of $130 million, or $0.96, in the prior-year quarter.
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Adjusted EBITDA Falls 25.5%
Adjusted EBITDA came in at $280 million versus $376 million a year earlier, a 10.2% margin against 12.2% previously.
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2026 Guidance Cut
Updated 2026 guidance calls for revenue of $11.300B-$11.500B, Adjusted EBITDA of $1.225B-$1.275B and a net loss of $1.60-$1.70 per diluted share.
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Liquidity and Cash Position
Cash stood at $155 million at September 30, 2026; the ABL facility has no outstanding borrowings and about $745 million of remaining capacity after $32 million of letters of credit.
Analysis · CYH · Industrial Applications And Services
Community Health Systems swung to a third-quarter net loss of $86 million, or $0.63 per diluted share, from $130 million of net income a year earlier, while Adjusted EBITDA fell to $280 million from $376 million. Management pointed to payor mix and acuity that did not develop as expected, and the updated 2026 guidance now implies a full-year net loss of $1.60 to $1.70 per share. With the stock already near its 52-week low and only $155 million of cash on the balance sheet, the loss and softer outlook keep balance-sheet pressure front and center; the $745 million of undrawn ABL capacity is the near-term liquidity backstop.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CYH was trading at $2.30 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $375.1M. The 52-week trading range was $2.41 to $4.42. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.