Unitedhealth

Q3 FY2026 EarningsQ3 FY26 results beat consensus across key bottom-line metrics, with Adjusted EPS of $4.69 exceeding the $4.14 expected and GAAP EPS of $4.56 beating the $3.82 mean estimate. While revenue of $112.7B was roughly in-line with the $111.5B consensus, the Medical Care Ratio (MCR) improved to 88.4% (vs. 89.9% YoY) driven by disciplined pricing and $610M in favorable reserve development. Management raised full-year FY26 Adjusted EPS guidance to 'at least $20.50,' signaling strong momentum in integrated value-based care despite membership headwinds in Medicaid and Medicare Advantage.