UTI Q2 revenue up 6.7% to $221.4M, but net income drops to $0.4M from $11.4M due to growth costs

UNIVERSAL TECHNICAL INSTITUTE INC

2026-Q2 EPS reported $0.24 revenue$442,246,000

Revenue $221.4M (+6.7% YoY); net income $0.4M ($0.01 EPS) vs $11.4M ($0.21 EPS) last year.
Adjusted EBITDA $14.1M, down 51% YoY, reflecting $11M in strategic growth expenses for new campuses.
Average full-time active students 26,385 (+7.2%); new student starts 7,569 (+13.8%) with UTI-San Antonio campus 60% above plan.
Full-year fiscal 2026 guidance reaffirmed across all metrics including revenue and EPS.
UTI-Atlanta campus on track for July start; early enrollments pacing well.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNIVERSAL TECHNICAL INSTITUTE INC reported fiscal 2026 second quarter ended March 31, 2026 results: revenue $221.4 million, net income $0.4 million, EPS $0.01. Guidance reaffirmed.

Period: fiscal 2026 second quarter ended March 31, 2026
Revenue: $221.4 million
Net income: $0.4 million
EPS: $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Revenues increased 6.7% to $221.4 million compared to $207.4 million. • Operating expenses increased 16.0% to $221.1 million, compared to $190.6 million primarily due to the growth in both UTI and Concorde average full-time active students and strategic growth expenses associated with new campus launches and program expansions currently underway or completed over the last year. • Operating income of $0.3 million compared to operating income of $16.9 million primarily due to strategic growth expen ses. 1 • Net income decreased to $0.4 million compared to $11.4 million primarily due to strategic growth expenses. • Basic and diluted earnings per share (EPS) were $0.01, compared to $0.21.

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Source: SEC EDGAR

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