UnitedHealth Group Incorporated · UNH · Next earnings

UnitedHealth Group Incorporated reports Wednesday, Jan 20, 2027

UNH reports before market open with consensus EPS at $2.28 and revenue at $112.26B. Last quarter: UnitedHealth raises FY2026 EPS outlook as AI and care initiatives advance

Reports Before market open76 days awayDate estimated Healthcare

What the street expects

Consensus for the coming report
Consensus EPS $2.28 Calendar consensus
Consensus revenue $112.26B Calendar consensus
Report date Jan 20, 2027 Wednesday, date estimated
Session Before market open 76 days away

Where UNH left off: FY2026 Q3

Full report

UnitedHealth raises FY2026 EPS outlook as AI and care initiatives advance

EPS surprise +13.3% Reported $4.69 vs $4.14
Revenue surprise +1.2% Reported $112.70B vs $111.31B
Stock move -0.2% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised FY2026 adjusted EPS guidance to at least $20.50, versus the prior-quarter range of $19.50-$20.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Elevated medical cost trends and specialty pharmacy pricing pressure
  • No Surprises Act arbitration awards creating excess costs
  • Variability in state Medicaid funding and policy reforms
  • Regulatory scrutiny and implementation challenges for prior-authorization and AI initiatives

Questions analysts left open

  • Medicare Advantage margin outlook for 2026
  • Commercial cost pressure from specialty drugs and No Surprises Act disputes
  • Medicaid margin recovery and OBBB reform effects
  • Execution and adoption of new AI products

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Recent UNH quarters

All UNH earnings
-0.2%FY2026 Q3+1.2%FY2026 Q2+7.0%FY2026 Q1-19.6%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.