Inferra AI / Company / UTHR

United Therapeutics

UTHR · Health Care

Last earnings Aug 5, 2026

Key results

Total revenuequarter

$783.3 million

Total revenues in the second quarter of 2026 decreased by two percent year-over-year to $783.3 million, compared to $798.6 million in the second quarter of 2025.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Total Tyvaso revenuequarter

$452.6 million

Total Tyvaso revenues decreased by four percent to $452.6 million in the second quarter of 2026, compared to $469.6 million in the second quarter of 2025, driven by a decrease in Nebulized Tyvaso revenues, partially offset by growth in Tyvaso DPI revenues.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Tyvaso DPI revenuequarter

$6.9 million

The growth in Tyvaso DPI revenues resulted primarily from an increase in quantities sold of $6.9 million and a price increase of $9.4 million, partially offset by higher gross-to-net deductions.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

AI analysis

Q2 2026 · reported Aug 5, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Total revenue · Q2 2026
$783.3M
-1.9% -$15M vs year ago computed from stated figures
EX-99 · Aug 5, 2026
Total Tyvaso revenue · Q2 2026
$452.6M
-3.6% vs year ago computed from stated figures
EX-99 · Aug 5, 2026
Tyvaso DPI revenue · Q2 2026
$6.9M
EX-99 · Aug 5, 2026

The quarter in charts

Revenue — quarterly

As stated

0300600900$798.6MSame quarter last year$783.3MQ2 2026

EX-99 · Aug 5, 2026 Statement values as stated in the release.

Segment mix

Business-unit revenue, as stated

0167333500$452.6MTotal Tyvaso$6.9MTyvaso DPI

Segment revenue figures as stated in the event record.

Headline figures

MetricQ2 2026Prior qtrYear ago
Total revenue$783.3 million—$798.6 million
Total Tyvaso revenue$452.6 million—$469.6 million
Tyvaso DPI revenue$6.9 million——

EX-99 · Aug 5, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

The decrease in interest income was primarily due to a decrease in marketable investments due to the sale of securities to fund our two accelerated share repurchase agreements in March 2026 (the 2026 ASR agreements ).

In March 2026, our Board of Directors approved a share repurchase program authorizing up to $2.0 billion in aggregate repurchases of our common stock, which expires on March 9, 2027.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

United Therapeutics Q2 2026 — Total revenues in the second quarter of 2026 decreased by two percent year-over-year to $783.3 million, compared to $798.6 million in the second quarter of 2025.

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

The decrease in interest income was primarily due to a decrease in marketable investments due to the sale of securities to fund our two accelerated share repurchase agreements in March 2026 (the 2026 ASR agreements ).

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

In March 2026, our Board of Directors approved a share repurchase program authorizing up to $2.0 billion in aggregate repurchases of our common stock, which expires on March 9, 2027.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

to repurchase approximately $1.5 billion of our common stock.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

In total, we repurchased 2,759,343 shares of our common stock under the 2026 ASR agreements, of which 2,543,395 were held as treasury stock in our consolidated balance sheets as of June 30, 2026.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

As of June 30, 2026, $500 million remained available under the share repurchase program authorized by our Board for purchases through March 9, 2027.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

During the three and six months ended June 30, 2025, the tax (benefit) expense in other comprehensive income was $( 0.1 ) million for the defined benefit pension plan and $ 0.5 million and $ 2.2 million, respectively, for the available-for-sale debt securities.

SEC original ↗United Therapeutics — 10-Q Quarterly report10-QAug 5, 2026

Strategy & priorities

Organization and Business Description United Therapeutics Corporation is a biotechnology company focused on the development and commercialization of innovative products to address the unmet medical needs of patients with chronic and life-threatening conditions.

SEC original ↗United Therapeutics — 10-Q Quarterly report10-QAug 5, 2026

Our operating segment focuses on the development and commercialization of products to address the unmet needs of patients with chronic and life-threatening conditions.

SEC original ↗United Therapeutics — 10-Q Quarterly report10-QAug 5, 2026

Risks & headwinds

The increase in general and administrative expense for the three months ended June 30, 2026, as compared to the same period in 2025, was primarily due to (1) an increase in personnel expense due to growth in headcount and (2) an increase in consulting expenses, partially offset by a decrease in legal expenses related to litigation matters.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

These forward-looking statements are subject to certain risks and uncertainties, such as those described in our periodic reports filed with the Securities and Exchange Commission, that could cause actual results to differ materially from an ticipated results.

SEC original ↗United Therapeutics — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Legal Proceedings 42 Item 1A.

SEC original ↗United Therapeutics — 10-Q Quarterly report10-QAug 5, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Documents

Filings

31 documents

Earnings releases

10 documents

Presentations

0 documents

No presentations for United Therapeutics are held in this edition of the library.

Transcripts

0 documents

No transcripts for United Therapeutics are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention United Therapeutics by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.