United Airlines Holdings (UAL) delivered mixed results in Q2 FY2026 on revenue of $17.7B versus the $17.6B estimate (+16.0% YoY) and EPS of $1.99. The next United Airlines Holdings (UAL) earnings date is Oct 21, 2026. Below is the full United Airlines Holdings earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
United Airlines Holdings (UAL) Earnings Analysis — key stats
Next earnings date
Oct 21, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Mixed
EPS beat rate
7 of last 8 (quarters above estimate)
Avg next-day move
±4.6% (over the last 8 reports)
Post-earnings direction
Up 4 / Down 4 (of the last 8 reports)
Implied move (next report)
±18.3% (options-derived · into Oct 21, 2026)
Institutional ownership
93.7% (13F as of 2026-06-30)
Top 10 holders
45.7% (of shares outstanding)
Insider activity
4 buys / 8 sells (recent Form 4 filings)
Revenue
$17.7B (vs $17.6B est · +0.3% surprise · +16.0% YoY)
EPS
$1.99 (vs $1.88 est · +5.9% surprise · -18.0% YoY)
Share price
$113.57 (+0.3%)
Market cap
$36.9B
United Airlines Holdings (UAL) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$17.7B vs $17.6B est
$1.99 vs $1.88 est
+5.9%
-1.3%
Mixed
Q2 FY2026
$14.6B vs $14.4B est
$1.19 vs $1.08 est
+10.2%
-7.3%
Mixed
Q1 FY2026
$15.4B vs $15.4B est
$3.10 vs $2.93 est
+5.8%
-2.2%
Mixed
Q4 FY2025
$15.2B vs $15.3B est
$2.78 vs $2.65 est
+4.9%
-4.8%
Mixed
Q3 FY2025
$15.2B vs $15.4B est
$3.87 vs $3.81 est
+1.6%
+5.6%
In line
Q2 FY2025
$13.2B vs $13.2B est
$0.91 vs $0.75 est
+21.3%
+2.0%
Mixed
Q1 FY2025
$14.7B vs $14.4B est
$3.26 vs $2.89 est
+12.8%
+0.5%
Beat
Q4 FY2024
$14.8B vs $14.8B est
$3.33 vs $3.17 est
+5.0%
+13.4%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
6.9%
22.4M
$3.1B
+7.4%
Vanguard Capital Management LLC
6.4%
21.0M
$2.9B
+0.1%
Fmr LLC
6.0%
19.5M
$2.6B
+14.4%
Primecap Management CO/Ca/
5.0%
16.5M
$2.2B
+4.5%
Sanders Capital, LLC
4.6%
15.0M
$2.0B
-1.2%
Vanguard Portfolio Management LLC
4.3%
14.2M
$1.9B
+0.7%
State Street Corp
3.6%
11.8M
$1.6B
+1.4%
Capital World Investors
3.5%
11.4M
$1.5B
+2.2%
Geode Capital Management, LLC
2.9%
9.5M
$1.3B
+2.5%
Jane Street Group, LLC
2.5%
8.0M
$1.1B
+159.0%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
SHAPIRO EDWARD
director
2026-08-19
Sell
50K
—
Leskinen Michael D.
officer: EVP & Chief Financial Officer
2026-08-03
Sell
10K
$1.3M
Nocella Andrew P
officer: EVP & Chief Commercial Officer
2026-08-04
Sell
3K
$396900
Enqvist Torbjorn J
officer: EVP & Chief Operations Officer
2026-07-25
Buy
25K
—
Enqvist Torbjorn J
officer: EVP & Chief Operations Officer
2026-07-25
Sell
10K
$1.2M
Enqvist Torbjorn J
officer: EVP & Chief Operations Officer
2026-07-24
Sell
20K
$2.4M
Nocella Andrew P
officer: EVP & Chief Commercial Officer
2026-07-25
Buy
21K
—
Nocella Andrew P
officer: EVP & Chief Commercial Officer
2026-07-25
Sell
10K
$1.1M
What you'll find
Next United Airlines Holdings (UAL) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment United Airlines Holdings reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in United Airlines Holdings (UAL)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is United Airlines Holdings's next earnings date?
United Airlines Holdings's (UAL) next scheduled earnings date is Oct 21, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did United Airlines Holdings (UAL) beat or miss earnings?
In Q2 FY2026, United Airlines Holdings (UAL) posted mixed results — revenue of $17.7B versus the $17.6B estimate (+0.3% surprise) and EPS of $1.99 versus $1.88 expected (+5.9% surprise). Magnisto decodes every United Airlines Holdings (UAL) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does United Airlines Holdings beat earnings estimates?
Over its last 8 reported quarters, United Airlines Holdings (UAL) beat Wall Street EPS estimates 7 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every United Airlines Holdings (UAL) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does United Airlines Holdings stock move after earnings?
Over its last 8 quarterly reports, United Airlines Holdings (UAL) moved an average of ±4.6% the day after earnings — ranging from -7.3% (Q2 FY2026) to +13.4% (Q4 FY2024). The stock rose after 4 of those 8 reports and fell after 4. Heading into its next report on Oct 21, 2026, options-implied volatility is pricing in a move of roughly ±18.3% (derived). Magnisto tracks the realized post-earnings move for every United Airlines Holdings (UAL) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of United Airlines Holdings?
Institutions hold about 93.7% of United Airlines Holdings's (UAL) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (6.9%), Vanguard Capital Management LLC (6.4%), Fmr LLC (6.0%). Magnisto lists United Airlines Holdings's (UAL) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling United Airlines Holdings (UAL)?
In the most recent Form 4 filings Magnisto tracks, United Airlines Holdings (UAL) insiders recorded 4 purchases and 8 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for United Airlines Holdings (UAL) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for United Airlines Holdings (UAL), anchored to the current $113.57 share price, so you can weigh the bull, base and bear cases for United Airlines Holdings side by side.
Is United Airlines Holdings (UAL) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether United Airlines Holdings fits your own thesis and risk profile. This is research, not investment advice.