UnitedHealth Group Incorporated earnings overview

UNH FY2026 Q2 · Calendar Q3 2026

UnitedHealth Group Incorporated

UnitedHealth Group delivered a decisive Q2 2026 beat, with adjusted EPS of $6.38 exceeding consensus by 29%, alongside a $112B revenue print and a 55% rise in operating earnings. The company raised full-year EPS guidance to $19.50-$20, reflecting improving Medicare Advantage cost trends and accelerating AI-driven operational efficiencies. Commercial cost trends remain elevated above 11% and Medicaid margins stay constrained, but management's confident tone, expanded capital return ($5B buybacks, dividend hike to $9.28), and the closed Alegeus combination signal conviction in the forward trajectory.