Unitedhealth

Q2 FY2026 EarningsQ2 FY26 results beat consensus across key profitability metrics despite revenue remaining largely in-line: revenue of $112.0B was slightly above the $110.9B expected, while normalized EPS of $6.04 significantly exceeded the $4.92 consensus. Earnings growth was primarily driven by the Optum Health segment, where operating profit surged 177% YoY due to improved medical cost management and favorable reserve development. The medical care ratio (MCR) improved to 86.7% vs. 89.4% YoY, reflecting effective cost control despite ongoing provider reimbursement pressures.