UnitedHealth Group Incorporated · UNH · Next earnings

UnitedHealth Group Incorporated reports Tuesday, Oct 13, 2026

UNH reports before market open with consensus EPS at $4.12 and revenue at $111.31B. Last quarter: UNH Q2 2026: EPS Beat, Guidance Raised as AI and Cost Trends Improve

Reports Before market open23 days awayDate estimated Healthcare

What the street expects

Consensus for the coming report
Consensus EPS $4.12 Calendar consensus
Consensus revenue $111.31B Calendar consensus
Report date Oct 13, 2026 Tuesday, date estimated
Session Before market open 23 days away

Where UNH left off: FY2026 Q2

Full report

UNH Q2 2026: EPS Beat, Guidance Raised as AI and Cost Trends Improve

EPS surprise +29.1% Reported $6.38 vs $4.94
Revenue surprise +1.1% Reported $112.03B vs $110.81B
Stock move +1.2% Event window
Subsequent drift -1.4% Up to 20 sessions

Guidance was raised. FY2026 adjusted EPS outlook lifted to $19.50-$20 from the prior 'above $18.25' level reaffirmed in Q1 2026. Operating earnings outlook increased for both UnitedHealthcare and Optum Health. Share repurchases accelerated from $2B planned by Q2 to $5B for the full year. Dividend raised to $9.28 per share. The company reaffirmed its long-term 13-16% growth ambition.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Commercial medical cost trends persistently above 11%, pressuring margins.
  • Medicaid margins constrained by behavioral health and specialty pharmacy costs.
  • Regulatory uncertainty from the No Surprises Act IDR process impacting commercial margins.
  • CMS Stars program quality challenges affecting Medicare Advantage ratings and revenue.
  • Potential delays in commercial margin recovery extending beyond 2027.

Questions analysts left open

  • Magnitude and trajectory of commercial cost trend relative to the 11% expectation — whether it peaks or accelerates.
  • Medicaid margin outlook and the impact of behavioral health and specialty pharmacy costs on segment profitability.
  • Timing and size of Medicare Advantage cost trend improvements — how much is structural versus cyclical.

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Recent UNH quarters

All UNH earnings
+1.2%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

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.