GEO Group Q2 2026 revenue up 15% to $732.1M; net income up 63%; raises FY26 guidance

GEO GROUP INC

Q2 revenue $732.1M (+15% YoY); net income $47.5M ($0.36 diluted) vs $29.1M ($0.21) YoY.
Adjusted EBITDA $142.0M (+20% YoY); adjusted net income $48.8M ($0.37 diluted).
FY26 guidance raised: revenue $2.95-3.05B, net income $168-175M ($1.27-1.32 diluted), Adj. EBITDA $550-560M.
New ICE contracts: Big Horn (1,188 beds, ~$85M/yr) and Rivers (1,320 beds, ~$80M/yr); activation by end of 2026.
Repurchased 1.6M shares for $36.6M in Q2; $323M remaining under $500M authorization.

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