Universal Health Services (UHS) Reports Q3 2026 Results with Revenue Growth Amidst EBITDA Miss
Universal Health Services (UHS) reported third-quarter 2026 net revenue of $4.7 billion, a 5.3% increase driven by volume growth in both acute and behavioral health segments. Despite the top-line growth, Adjusted EBITDA net of NCI fell to $624.6 million from $670.6 million in the prior year, missing internal expectations due to slower ramp-ups at new facilities and a shift toward lower-acuity medical cases rather than high-margin surgical procedures. The company is navigating several headwinds, including an expected $175 million to $200 million Medicaid headwind in 2027 and operating losses at specific facilities like Cedar Hill and Palm Beach Gardens. However, UHS demonstrated strong cash flow from operations at $636.6 million and continued its aggressive capital return program, repurchasing $242.1 million in stock during the quarter.
Topics: acute care adjusted net income behavioral health cash flow net revenue stock repurchases