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Elevance Health posts mixed Q2 results but raises 2026 earnings forecast

Company Fundamentals
16 Jul 2026
Gordon Thompson
View Source
Neutral
pluang ai news

Elevance Health reported mixed second-quarter results with adjusted EPS of $7.45 beating estimates, but down 15.7% year-over-year, and a 1.5% decline in medical membership. Operating revenues grew slightly to $49.8 billion, driven by its CarelonRx division. Despite challenges, the company raised its full-year 2026 adjusted EPS forecast to at least $27.00 and increased its operating cash flow outlook after reaching $6.2 billion in Q2. RBC Capital lowered its price target to $424, still implying an 8.63% upside from the current stock price of $390.33.

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