Oscar Health raised its full-year 2026 operating earnings forecast by $250 million to a range of $500 million to $700 million, while maintaining its revenue guidance of $18.7 billion to $19 billion. The company reported record first-half profitability, including $1.1 billion in operating earnings and $1 billion in net income, with second-quarter revenue climbing 70% year over year to $4.9 billion. Membership increased 46% to 2.96 million, and the medical loss ratio improved to 79.2%. The improved outlook reflects favorable utilization, pricing discipline, fixed-cost leverage, and technology-related savings. Management expects membership churn to increase in the second half due to CMS eligibility and program-integrity reviews, but characterized the change as timing-related and said it does not affect the full-year revenue outlook.
Oscar Health IncRaises 2026 operating earnings forecast by $250M and reports record profitability.
