Universal Health Services Reports Q2 Earnings with Adjusted EPS Up 12%
Universal Health Services (NYSE:UHS) reported second-quarter adjusted earnings per share of $5.98, a 12% increase year-over-year, driven by a one-time $100 million Florida Medicaid payment benefit. Excluding this benefit, results fell short of internal expectations due to higher liability reserves and operational costs at certain facilities. The company also noted slower-than-expected ramp-up at Cedar Hill Regional Medical Center. Acute-care admissions rose 2.9%, with emergency department visits up 4%. However, UHS revised its full-year acute-care admission growth outlook downward to 1.5%–2.5% due to shifting procedures to alternate care settings like ambulatory surgery centers. Behavioral health revenue increased by 7.4%, but the company also reduced its overall EBITDA guidance for 2026. UHS repurchased $320 million in stock during Q2 and remains on track to meet or exceed its full-year buyback target of $800–$900 million. The acquisition of Talkspace is expected to close by mid-August.