Reported results
- Net operating revenues totaled $2.757 billion for the three months ended September 30, 2026.
- GAAP net loss attributable to Community Health Systems, Inc. stockholders was $(86) million, or $(0.63) per share (diluted), for the three months ended September 30, 2026.
- Excluding adjusting items, non-GAAP adjusted net loss attributable to Community Health Systems, Inc. stockholders was $(0.48) per share (diluted) for the three months ended September 30, 2026.
- Non-GAAP Adjusted EBITDA was $280 million for the three months ended September 30, 2026.
- Net cash provided by operating activities was $155 million for the three months ended September 30, 2026.
- On a same-store basis, net operating revenues increased 3.8 percent for the three months ended September 30, 2026, compared to the same period in 2025.
Guidance
- Projected 2026 net operating revenues of $11,300 million to $11,500 million.
- Projected 2026 non-GAAP Adjusted EBITDA of $1,225 million to $1,275 million.
- Projected 2026 net loss per share - diluted of $(1.70) to $(1.60).
- Projected 2026 capital expenditures of $350 million to $400 million.
- Projected 2026 net cash provided by operating activities of $100 million to $300 million.
Price and volatility reaction
The stock moved -9.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -0.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 2.66 | 2026-10-28 |
| Close after release | 2.41 | 2026-10-29 |
| Realised move | -9.4% | close to close |
| 30d ATM IV change | -0.2 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-28 (8-K, Item 2.02). Read the original filing on sec.gov.
