PACS Group's second quarter revenue of $1.43B beat estimates, while EPS missed and the company raised its FY2026 guidance.

PACS Group reported second quarter revenue of $1.43 billion, an increase of 9.1% year-over-year, and diluted EPS of $0.47. The company's performance prompted an increase in its full-year 2026 guidance for both revenue and Adjusted EBITDA.

Key Highlights

• Full-year 2026 Adjusted EBITDA guidance was raised to a range of $640 million to $660 million, up from the prior range of $605 million to $625 million.
• Same-store skilled nursing facility (SNF) revenue increased 5.8% compared to the prior-year period, driven by improved operating metrics.
• Overall skilled mix by nursing patient days increased to 30.0%, an improvement of 100 basis points from 29.0% in the prior-year period.
• The company raised its full-year 2026 revenue guidance to a range of $5.75 billion to $5.85 billion, from a prior range of $5.65 billion to $5.75 billion.