Universal Technical Institute Q2 revenue up 6.7%, slightly misses estimates

Universal Technical Institute

06/05/2026 21:26

Overview

US workforce education provider's fiscal Q2 revenue rose 6.7% but slightly missed analyst expectations

Net income and adjusted EBITDA fell sharply due to $11 mln in strategic growth expenses

Company reaffirmed full-year outlook as enrollment and new student starts increased

Outlook

Universal Technical Institute reaffirms full-year guidance across all metrics

Company expects fiscal 2026 new student start growth, revenue growth, net income, diluted EPS, adjusted EBITDA and adjusted free cash flow

Company sees actions in fiscal 2026 creating incremental enrollment and earnings upside in fiscal 2027 and beyond

Result Drivers

STRATEGIC GROWTH EXPENSES - Co said net income and adjusted EBITDA declined mainly due to $11 mln in expenses for new campus launches and program expansions

ENROLLMENT GROWTH - Average full-time active students rose 7.2% and new student starts increased 13.8%, supporting revenue growth

NEW CAMPUS LAUNCHES - UTI-San Antonio campus opened with student starts about 60% above plan; UTI-Atlanta enrollments pacing well for July opening

Company press release: ID:nPn5cB6kDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$221.40 mln
$221.60 mln (7 Analysts)
Q2 EPS
$0.01
Q2 Net Income
$433,000
Q2 Adjusted EBITDA
$14.10 mln
Q2 Operating Income
$339,000
Q2 Pretax Profit
$383,000


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Universal Technical Institute Inc is $38.00, about 1.6% below its May 5 closing price of $38.62

The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 34 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)