Equity Profile

TDOC

Teladoc Health, Inc.

Health CareHealth Care Technology$1.7B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Teladoc Health, Inc. (TDOC) is a leader in the health care technology sector, specializing in virtual healthcare services....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability and will show how well the company is managing its costs and revenue.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its market share and attract new customers.

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. (TDOC) is a leader in the health care technology sector, specializing in virtual healthcare services. With a market cap of $2 billion, Teladoc is at the forefront of the telehealth trend, which has gained traction due to increased consumer demand for accessible healthcare solutions.

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, missing estimates by 13.92%. The stock reacted negatively, dropping 0.83% the following day.

Management Promises & Guidance

Focus on improving user engagement and retention.
Commitment to cost management strategies.
Plans to enhance service offerings in telehealth.

Expectations

Wall Street Expectations

Overall, expectations for Teladoc's upcoming earnings are mixed, with uncertainty surrounding its ability to return to profitability.

Bull Case

If Teladoc can demonstrate significant user growth and improved cost management, it could lead to a positive surprise in earnings.

Bear Case

Conversely, if the company continues to report losses and fails to show growth in user engagement, it may face further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

The EPS figure will be crucial in assessing whether Teladoc is making progress towards profitability.

How has user engagement changed compared to the previous quarter?

User engagement metrics will indicate the company's ability to attract and retain customers in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Teladoc's potential for user growth, given the increasing demand for telehealth services post-pandemic.

Supporting Evidence

Options pricing suggests a larger move than historical averages indicate, reflecting heightened uncertainty.

Recent trends in telehealth adoption may not be fully reflected in current estimates.

The company has a strong brand presence that could drive user retention despite recent challenges.

Key Risk

If user engagement metrics show a significant uptick, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter is critical as investors will be looking for signs of recovery in profitability and user engagement.

Bull Confirmed If

An EPS improvement to -$0.20 or better, along with positive user engagement metrics.

Bear Confirmed If

An EPS of -$0.50 or worse, indicating continued struggles in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±32.79%

Historical Avg

±2.5%

Pricing rich

The options market is pricing in a significant potential move, indicating high uncertainty surrounding the earnings report.

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

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, history suggests a potential stock increase of around 2.14%, confirming a positive outlook.

In-Line / Cautious

If results are in line but cautious, the stock may see muted reactions as investors await clearer guidance.

Miss

A miss could lead to a decline of approximately 1.82%, reinforcing concerns about the company's financial health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on user engagement trends and retention rates.
2Any updates on cost management initiatives.
3Insights into new service offerings and their expected impact.
4Management's outlook on the competitive landscape in telehealth.
5Guidance on future revenue expectations.

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. (TDOC) is a leader in the health care technology sector, specializing in virtual healthcare services....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of profitability and will show how well the company is managing its costs and revenue.

N/A

Revenue Growth

Revenue growth is crucial for assessing the company's ability to expand its market share and attract new customers.

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

In Q1 2026, Teladoc reported an EPS of -$0.36, missing estimates by 13.92%. The stock reacted negatively, dropping 0.83% the following day.

Management Promises & Guidance

Focus on improving user engagement and retention.
Commitment to cost management strategies.
Plans to enhance service offerings in telehealth.

Expectations

Wall Street Expectations

Overall, expectations for Teladoc's upcoming earnings are mixed, with uncertainty surrounding its ability to return to profitability.

Bull Case

If Teladoc can demonstrate significant user growth and improved cost management, it could lead to a positive surprise in earnings.

Bear Case

Conversely, if the company continues to report losses and fails to show growth in user engagement, it may face further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

The EPS figure will be crucial in assessing whether Teladoc is making progress towards profitability.

How has user engagement changed compared to the previous quarter?

User engagement metrics will indicate the company's ability to attract and retain customers in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Teladoc's potential for user growth, given the increasing demand for telehealth services post-pandemic.

Supporting Evidence

Options pricing suggests a larger move than historical averages indicate, reflecting heightened uncertainty.

Recent trends in telehealth adoption may not be fully reflected in current estimates.

The company has a strong brand presence that could drive user retention despite recent challenges.

Key Risk

If user engagement metrics show a significant uptick, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter is critical as investors will be looking for signs of recovery in profitability and user engagement.

Bull Confirmed If

An EPS improvement to -$0.20 or better, along with positive user engagement metrics.

Bear Confirmed If

An EPS of -$0.50 or worse, indicating continued struggles in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±32.79%

Historical Avg

±2.5%

Pricing rich

The options market is pricing in a significant potential move, indicating high uncertainty surrounding the earnings report.

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

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, history suggests a potential stock increase of around 2.14%, confirming a positive outlook.

In-Line / Cautious

If results are in line but cautious, the stock may see muted reactions as investors await clearer guidance.

Miss

A miss could lead to a decline of approximately 1.82%, reinforcing concerns about the company's financial health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on user engagement trends and retention rates.
2Any updates on cost management initiatives.
3Insights into new service offerings and their expected impact.
4Management's outlook on the competitive landscape in telehealth.
5Guidance on future revenue expectations.