CoreCivic Q3 2026 revenue rises 28.2% on ICE demand; board adds $500M buyback after $2.2B facility sales

CoreCivic, Inc.

Q3 2026 revenue was $744.1M, up 28.2%, and net income was $1.344B, or $14.49/diluted share, driven by a $1.7707B net gain on real estate sales.
CoreCivic sold four detention facilities with 7,187 beds for $2.2B gross proceeds, netting ~$1.6B; it repaid over $700M debt, leaving total debt of $629.6M at Sept. 30.
Adjusted diluted EPS was $0.49, up 104.2%, and Adjusted EBITDA was $117.8M, up 32.6%; Residential occupancy rose to 84.0% from 76.7%.
Board added $500M to buyback, raising authorization to $1.7B with $755.8M remaining; CoreCivic entered a $500M ASR and received 12.4M shares at $32.27.
Lucibeth Mayberry became President and CEO on Sept. 24 after Patrick Swindle stepped down for health reasons; 2026 Adjusted EPS guidance rose to $1.74-$1.80 from $1.64-$1.73.

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