UnitedHealth Group on Thursday reported second-quarter results that exceeded Wall Street expectations and raised its 2026 adjusted earnings guidance, while keeping full-year revenue targets intact. The largest U.S. private health insurer posted adjusted earnings per share of $6.38, compared with analyst estimates of $4.90, and revenue of $112.03 billion, above forecasts of $110.85 billion. The company now projects 2026 adjusted earnings of $19.50 to $20 per share, up from a prior outlook of more than $18.25. Executives said medical costs remain elevated relative to historical levels, but cited restructuring, contract exits, membership reductions and $1.5 billion in AI investments as supporting improved margins.

Prepared by Christopher Adams and reviewed by editorial team.