Universal Technical Institute Q3 Revenue $218.9M; Revises FY26 Guidance
Universal Technical Institute reported its fiscal year 2026 third-quarter results, with revenue increasing 7.2% to $218.9 million. However, net income decreased to $2.3 million and Adjusted EBITDA fell 27.8% to $18.2 million, primarily due to $9.0 million in strategic growth expenses related to new campus launches and program expansions. The company saw strong operational growth with new student starts up 10.9% and average full-time active students up 5.8%. While reaffirming confidence in its long-term 'North Star' strategy, the company revised its fiscal 2026 guidance downwards for revenue, net income, and Adjusted EBITDA, citing timing and mix considerations rather than a change in underlying demand.
Key Highlights
- Q3 2026 Revenue: $218.9 million, an increase of 7.2% over the comparable period.
- Q3 2026 Net Income: $2.3 million, a decrease of $8.4 million over the comparable period.
- Q3 2026 Adjusted EBITDA: $18.2 million, a decrease of 27.8% due to $9.0 million in strategic growth expenses.
- Total new student starts: 6,342, an increase of 10.9% over the comparable period.
- Average full-time active students: 25,131, an increase of 5.8% versus the comparable period.
- Revised FY2026 Revenue guidance: $893-900 million (down from $905-915 million previously).
- Revised FY2026 Net Income guidance: $32-36 million (down from $40-45 million previously).
- Revised FY2026 Adjusted EBITDA guidance: $100-103 million (down from $114-119 million previously).
Price Impact
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