---
schema_version: "secwatch.filing_event.v1"
accession: "0000731766-26-000191"
form_type: "8-K"
ticker: "UNH"
cik: "0000731766"
company_name: "UNITEDHEALTH GROUP INC"
filed_at: "2026-07-16T10:00:59+00:00"
generated_at: "2026-07-16T10:10:11.785525+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# UnitedHealth Q2 2026 EPS $6.04 GAAP, $6.38 adjusted; raises full-year guidance

## Summary
- Q2 revenues $112.0B (flat YoY); earnings from operations $8.0B vs $5.2B in Q2 2025.
- GAAP EPS $6.04, adjusted EPS $6.38; medical cost ratio improved to 86.7% from 89.4%.
- UnitedHealthcare operating margin 4.6% (vs 2.4% YoY); Optum margin 6.2% (vs 4.6%).
- Full-year adjusted EPS guidance raised to $19.50-$20.00 from prior >$17.75; cash flow ops guidance ~$24B.
- Share repurchase target increased to at least $5B for 2026; debt-to-capital ratio 41.2%.

## SEC filing metadata
- accession: 0000731766-26-000191
- form_type: 8-K
- ticker: UNH
- cik: 0000731766
- company_name: UNITEDHEALTH GROUP INC
- filed_at: 2026-07-16T10:00:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/731766/000073176626000191/0000731766-26-000191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/731766/000073176626000191/unh-20260716.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000731766-26-000191
- JSON: https://secwatch.observer/filing/0000731766-26-000191.json
- Plain text: https://secwatch.observer/filing/0000731766-26-000191.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.