Equity Profile

TDOC

Teladoc Health, Inc.

Health CareHealth Care Technology$1.3B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Teladoc Health, Inc. is a leader in the health care technology sector, providing telehealth services that allow patients to consult with healthcare professionals remotely....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability, and investors will be watching to see if Teladoc can narrow its losses this quarter.

$-0.32

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its customer base and service offerings in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TDOC Q2-2026 Earnings Preview

Context

Company Snapshot

Teladoc Health, Inc. is a leader in the health care technology sector, providing telehealth services that allow patients to consult with healthcare professionals remotely. As the demand for digital health solutions continues to grow, Teladoc's role in making healthcare more accessible is increasingly important.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-163.97%

Avg Stock Reaction

-1.94%

Last Quarter Recap

In Q1 2026, Teladoc reported an EPS of $-0.36, which was worse than the expected $-0.32, leading to a slight decline in stock price. The company continues to face challenges in achieving profitability amidst a competitive landscape.

Management Promises & Guidance

Focus on improving user engagement and retention.
Commitment to cost management and operational efficiency.
Plans to expand service offerings and partnerships.

Expectations

Wall Street Expectations

Analysts are cautious ahead of Teladoc's earnings report, given its recent performance and the lack of clear guidance. Investors are looking for signs of improvement in profitability and user engagement.

Bull Case

If Teladoc can show a narrower loss than expected and positive trends in user growth, it could signal a turnaround and boost investor confidence.

Bear Case

Conversely, if the company reports wider losses or stagnant user engagement, it could lead to further declines in stock price and investor sentiment.

Key Metrics to Watch

EPS (Earnings Per Share)

$-0.32

EPS is a key indicator of profitability, and investors will be watching to see if Teladoc can narrow its losses this quarter.

Revenue Growth

N/A

Revenue growth is crucial for assessing the company's ability to expand its customer base and service offerings in a competitive market.

User Engagement

N/A

Tracking user engagement metrics can provide insights into the effectiveness of Teladoc's services and customer satisfaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the updated EPS forecast for Q2-2026?

The market will closely scrutinize EPS figures to gauge progress toward profitability and whether the company is on track to meet its financial goals.

How has user engagement changed in the last quarter?

User engagement metrics are critical for understanding the effectiveness of Teladoc's services and their ability to attract and retain customers.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street is overly focused on short-term profitability metrics, overlooking Teladoc's long-term growth potential in the expanding telehealth market.

Supporting Evidence

Options pricing suggests a significant move, indicating that investors are anticipating volatility that may not be reflected in current stock sentiment.

The company's commitment to expanding service offerings could lead to increased user engagement and revenue in the long run.

Key Risk

If user engagement metrics show a significant increase, it could challenge the current bearish sentiment and lead to a reassessment of growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect Teladoc's ability to navigate challenges and capitalize on growth opportunities in the telehealth market.

Bull Confirmed If

An EPS of $-0.30 or better would indicate significant progress toward profitability and could validate the bull case.

Bear Confirmed If

An EPS worse than $-0.40 would confirm the bear case and raise concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±32.79%

Historical Avg

±2.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±32.8% while TDOC has averaged ±2.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

57.5%

Calls (2.4M)P/C Ratio: 0.05Puts (120K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Health Care

n=30

Fade rate: 13 of 29 (45%)

This setup has occurred 30 times across Health Care in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 3.6%, with a raw directional average of -1.3% (modestly negative historical bias).

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

75.86%

of float

Insider

0.65%

of float

Holders

465

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
21,483,707 sh · $123.5M
11.91%
-1.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Teladoc beats expectations with a narrower EPS loss, history suggests the stock could rise by around 2.54% on the following day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see limited movement as investors digest the information.

Miss

Should the company miss expectations significantly, history suggests a potential decline of about 1.82% in the stock price, reflecting ongoing concerns about profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user engagement and retention rates.
2Any new partnerships or service expansions announced.
3Management's outlook on profitability timelines.
4Details on cost management strategies.
5Insights into competitive positioning in the telehealth market.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Teladoc Health, Inc. is a leader in the health care technology sector, providing telehealth services that allow patients to consult with healthcare professionals remotely....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability, and investors will be watching to see if Teladoc can narrow its losses this quarter.

$-0.32

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its customer base and service offerings in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TDOC Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-163.97%

Avg Stock Reaction

-1.94%

Last Quarter Recap

Management Promises & Guidance

Focus on improving user engagement and retention.
Commitment to cost management and operational efficiency.
Plans to expand service offerings and partnerships.

Expectations

Wall Street Expectations

Bull Case

If Teladoc can show a narrower loss than expected and positive trends in user growth, it could signal a turnaround and boost investor confidence.

Bear Case

Conversely, if the company reports wider losses or stagnant user engagement, it could lead to further declines in stock price and investor sentiment.

Key Metrics to Watch

EPS (Earnings Per Share)

$-0.32

EPS is a key indicator of profitability, and investors will be watching to see if Teladoc can narrow its losses this quarter.

Revenue Growth

N/A

Revenue growth is crucial for assessing the company's ability to expand its customer base and service offerings in a competitive market.

User Engagement

N/A

Tracking user engagement metrics can provide insights into the effectiveness of Teladoc's services and customer satisfaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the updated EPS forecast for Q2-2026?

The market will closely scrutinize EPS figures to gauge progress toward profitability and whether the company is on track to meet its financial goals.

How has user engagement changed in the last quarter?

User engagement metrics are critical for understanding the effectiveness of Teladoc's services and their ability to attract and retain customers.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street is overly focused on short-term profitability metrics, overlooking Teladoc's long-term growth potential in the expanding telehealth market.

Supporting Evidence

Options pricing suggests a significant move, indicating that investors are anticipating volatility that may not be reflected in current stock sentiment.

The company's commitment to expanding service offerings could lead to increased user engagement and revenue in the long run.

Key Risk

If user engagement metrics show a significant increase, it could challenge the current bearish sentiment and lead to a reassessment of growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect Teladoc's ability to navigate challenges and capitalize on growth opportunities in the telehealth market.

Bull Confirmed If

An EPS of $-0.30 or better would indicate significant progress toward profitability and could validate the bull case.

Bear Confirmed If

An EPS worse than $-0.40 would confirm the bear case and raise concerns about the company's financial health.

Pre-Earnings Positioning

Options Market

Implied Move

±32.79%

Historical Avg

±2.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±32.8% while TDOC has averaged ±2.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

57.5%

Calls (2.4M)P/C Ratio: 0.05Puts (120K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Health Care

n=30

Fade rate: 13 of 29 (45%)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

75.86%

of float

Insider

0.65%

of float

Holders

465

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
21,483,707 sh · $123.5M
11.91%
-1.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Teladoc beats expectations with a narrower EPS loss, history suggests the stock could rise by around 2.54% on the following day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may see limited movement as investors digest the information.

Miss

Should the company miss expectations significantly, history suggests a potential decline of about 1.82% in the stock price, reflecting ongoing concerns about profitability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user engagement and retention rates.
2Any new partnerships or service expansions announced.
3Management's outlook on profitability timelines.
4Details on cost management strategies.
5Insights into competitive positioning in the telehealth market.