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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for UnitedHealth Group Incorporated (UNH) is 7/10.
UnitedHealth delivered Q1 adjusted EPS of $7.23, well ahead of expectations, with revenues of $111.7B reflecting 2% year-over-year growth as the MCR improved 90 basis points to 83.9% on pricing actions and cost management. FY2026 EPS guidance was raised to greater than $18.25 from greater than $17.75, and all segments beat plan with operating cash flows of $8.9B at 1.4x net income. MA membership was contracting approximately 1.3 million as margin recovery was prioritized over growth, and Medicaid margins remained negative with insufficient state rates, while AI investment of $1.5B targeted a conservative 2:1 return with Optum Health VBC reforms driving clinical and operational gains.
Scored from UnitedHealth Group Incorporated’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $100.81B | +6.8% | $5.98 | +2.6% | 7.7% | 5.5% | $1.46B |
| FY2025 Q1 | $109.58B | +9.8% | $6.85 | +547.7% | 8.3% | 5.7% | $4.56B |
| FY2025 Q2 | $111.62B | +12.9% | $3.74 | -17.6% | 4.6% | 3.1% | $6.30B |
| FY2025 Q3 | $113.16B | +12.2% | $2.59 | -60.2% | 3.8% | 2.1% | $5.05B |
| FY2025 Q4 | $113.22B | +12.3% | $0.01 | -99.8% | 0.3% | 0.0% | $160M |
| FY2026 Q1 | $111.72B | +2.0% | $6.90 | +0.7% | 8.0% | 5.6% | $8.15B |
| FY2026 Q2 | $112.03B | +0.4% | $6.05 | +61.8% | 7.1% | 4.9% | $10.25B |