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American Well (AMWL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 05, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

-0.86

Last Year’s EPS

-1.24

Same Quarter Last Year

Analyst Consensus

Hold

Based on 7 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed balanced but constructive progress: clear operational and cost improvements drove meaningful profitability trajectory (adjusted EBITDA and operating loss improvement), a stronger recurring revenue mix, sizable pipeline expansion, and government/customer validations (Elevance renewal, DHA deployment). Offsetting these positives were continued top-line headwinds—total revenue down ~18%, subscription revenue down ~23%, and total platform visits down ~19%—and the company remains unprofitable on a GAAP basis for 2026. Management's guidance (narrowed adjusted EBITDA loss range), strong cash position, reduced cash burn, and confidence in reaching cash flow breakeven in Q4 2026 tilt the overall tone optimistic despite near-term revenue and usage declines.

Company Guidance

Amwell's guidance called for Q2 2026 revenue of $48–52 million and an adjusted EBITDA loss of $(4)–$(2) million (citing normal seasonality and step-down in subscription revenue), while the full‑year 2026 outlook was reiterated at $195–205 million of revenue with a narrowed adjusted EBITDA loss of $(16)–$(12) million (previously $(24)–$(18)M); management reiterated a path to positive operating cash flow in Q4. These targets were informed by Q1 results: revenue $54.9M (−18% YoY), subscription revenue $24.9M (−23% YoY), AMG visit revenue $28.9M (+9% YoY) with ~382k AMG paid visits and revenue per visit ≈ $76 (+$5 YoY), total platform visits ≈ 1.0M (−19% YoY), gross profit $28M and gross margin 51% (−180 bps YoY), operating expenses $45.4M (−31% YoY; 82.6% of revenue vs 98.3% prior), adjusted EBITDA loss $(3.1)M (vs $(12.2)M prior), operating loss $(17.4)M (vs $(30.4)M), cash burn ≈ $3.1M this quarter (vs $19M prior), and ending cash & investments of ≈ $179M with zero debt.

Improved Profitability and Operating Performance

Adjusted EBITDA loss improved to -$3.1M in Q1 2026 from -$12.2M in Q1 2025 (a $9.1M improvement). Operating loss improved ~43% year-over-year to -$17.4M from -$30.4M.

Large Reduction in 2025 Losses

Company reduced net loss and adjusted EBITDA losses by approximately $100M in 2025, reflecting significant cost and operating improvements.

Stronger Visit Mix and Higher-Value Care

Amwell Medical Group (AMG) visit revenue was $28.9M, up ~9% year-over-year. AMG paid visits ~382k (slightly up YoY) and revenue per visit rose to ~$76, up ~$5 per visit YoY. Virtual primary care visits increased ~57% YoY.

Subscription Mix and Renewals Momentum

Subscription revenue represented ~53% of total revenue (a larger recurring mix). Renewals and retention in Q1 were higher than budgeted; Elevance Health renewed for three years, a meaningful validation.

Strong Cash Position and Lower Cash Burn

Ended the quarter with $179M in cash and investments (CEO cited $182M earlier), zero debt. Q1 cash burn ~ $3.1M, down from $19M in the prior quarter, underpinning confidence in reaching cash flow breakeven in Q4 2026.

Significant Pipeline Growth and Government Validation

Management reported pipeline is a multiple of last year (CFO indicated closer to triple-digit growth). DHA (Defense Health Agency) deployment and military health system contract extension provide government-scale validation; DHA renewal expected around end of Q2/start of Q3.

Tighter Cost Structure

Total operating expenses decreased ~31% YoY and operating expenses as a percentage of revenue improved to 82.6% from 98.3% in Q1 2025, supporting margin and profitability trajectory.

American Well (AMWL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AMWL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2026	2026 (Q2)	-0.86 / -	-1.24	―	―	―
May 05, 2026	2026 (Q1)	-1.17 / -0.66	-1.19	44.54% (+0.53)	―
Feb 12, 2026	2025 (Q4)	-1.80 / -1.52	-2.77	45.13% (+1.25)	―
Nov 04, 2025	2025 (Q3)	-1.81 / -2.00	-2.87	30.31% (+0.87)	―
Aug 05, 2025	2025 (Q2)	-1.77 / -1.24	-3.36	63.10% (+2.12)	―
May 01, 2025	2025 (Q1)	-2.77 / -1.19	-5	76.20% (+3.81)	―
Feb 12, 2025	2024 (Q4)	-2.93 / -2.77	-3.4	18.53% (+0.63)	―
Oct 30, 2024	2024 (Q3)	-3.41 / -2.87	-9.6	70.10% (+6.73)	―
Jul 31, 2024	2024 (Q2)	-3.99 / -3.36	-6.6	49.09% (+3.24)	―
May 01, 2024	2024 (Q1)	-4.00 / -5.00	-28.4	82.39% (+23.40)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AMWL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 05, 2026	$6.36	$7.15	+12.42%
Feb 12, 2026	$4.33	$5.40	+24.71%
Nov 04, 2025	$5.05	$4.57	-9.50%
Aug 05, 2025	$8.48	$7.86	-7.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does American Well Corporation (AMWL) report earnings?

American Well Corporation (AMWL) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).

What is American Well Corporation (AMWL) earnings time?

American Well Corporation (AMWL) earnings time is at Aug 05, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is AMWL EPS forecast?

AMWL EPS forecast for the fiscal quarter 2026 (Q2) is -0.86.