Universal Technical Institute, Inc. (UTI) Earnings
Universal Technical Institute, Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.01. UTI has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +190.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $-0.00 | $0.01 | +556.6% | $221M | -0.1% |
| Feb 4, 2026 | $0.15 | $0.23 | +53.3% | $221M | -0.1% |
| Nov 19, 2025 | $0.26 | $0.34 | +30.1% | $222M | +1.5% |
| Feb 5, 2025 | $0.18 | $0.40 | +122.2% | $201M | +2.0% |
| Nov 20, 2024 | $0.30 | $0.34 | +13.3% | $196M | +2.7% |
| Feb 7, 2024 | $0.04 | $0.17 | +286.4% | $175M | +3.8% |
| Nov 15, 2023 | $0.06 | $0.10 | +66.7% | $170M | +2.6% |
| Feb 8, 2023 | $-0.03 | $0.10 | +433.3% | $120M | +1.6% |
| Dec 12, 2022 | $0.02 | $0.18 | +666.6% | $111M | -0.8% |
| Aug 3, 2022 | $-0.10 | $0.13 | +230.0% | $101M | +5.0% |
| May 4, 2022 | $0.01 | $0.12 | +850.1% | $102M | +4.3% |
| Feb 3, 2022 | $0.04 | $0.27 | +581.8% | $105M | +9.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- First half of the year has played out well with strong operational performance, sustained demand across divisions. - UTI San Antonio opened in March with first two starts exceeding plan by nearly 60%, expected to ramp to scale at or better than modeled. - Preparing to launch first comprehensive UTI campus in Atlanta with strong early enrollments. - On track with four previously announced locations for fiscal 2027. - In fiscal 2026, opened three new campuses and on track to launch 20 new programs. - Focus on optimizing existing footprint, e.g., expanding UTI Dallas campus. - Cross-brand collaborations across marketing, admissions, operations to unlock margin expansion. - AI reshaping economy driving demand for trades and healthcare professions, and new AI-enabling opportunities. - Strong industry partnerships, e.g., nearly 30-year partnership with Porsche and new partnership with Fuji Auto Spray. - Actively exploring B2B opportunities with military programs, state workforce initiatives, etc.
Guidance
- Reaffirmed fiscal 2026 outlook. Consolidated revenue range from $905 to $915 million, ~9% year-over-year growth at midpoint. Q3 expected mid to high single-digit revenue growth, Q4 low to mid double-digit. Net income between $40 million and $45 million, diluted earnings per share 71 to 80 cents. Baseline adjusted EBITDA anticipated to exceed $150 million, SEC-reported adjusted EBITDA between $114 and $119 million. Total new student starts expected between 31,500 and 33,000. Target more than $1.2 billion in revenue by fiscal 2029 with 10% CAGR and adjusted EBITDA approaching $220 million in that year
Segment performance
Total new student starts increased 14% year over year in the quarter, with UTI division delivering approximately 15% growth and Concord division growing 13%. Revenue was $221 million, up nearly 7% year-over-year. Concord contributed $78.7 million, an increase of 7.5% over the prior year quarter, while the UTI division contributed $142.7 million, an increase of 6.3% over the prior year quarter. Average full-time active students grew 7%, with Concord Division growing average full-time active students 10.2% year-over-year and UTI Division growing 5.3% year-over-year
Analyst Q&A
Q: Are you seeing incremental opportunities in data centers and able to start new programs?
A: Job opportunities for students in existing programs are growing, data centers need skilled trades workers like welders, electronics technicians, etc., and employers are diversifying looking for skilled trades workers
Q: Bruce, when you were talking about UTIs enrollment up 5.3% year over year, you mentioned recently optimize campus capacity could you just explain that a little bit?
A: Optimization has been a core pillar, optimizing capacity in legacy campuses to put program replications like HVAC, welding, aviation, using legacy campuses to roll that out, which is improving margin outlook
Q: Raj Sharma asked about revenues up about 7% year on year, operating expenses were up 16% even with growth OpEx taken out, is that all increase in advertising?
A: A lot is from executing the year, some timing element, majority of margin contraction from growth investments, some timing with medical and more marketing investment for second half but offsets in Q3
Q: Raj Sharma asked if it's fair to assume stocks growth to perhaps be higher for the year given first half performance?
A: As a leading indicator, happy with overachievement of new campuses and programs, confident starts won't fall below range, some B2B opportunities in five-year timeframe could impact upside
Q: Max Michaelis asked about San Antonio's terrific starts and demand trends at Atlanta campus?
A: Happy with Atlanta trends, confident Atlanta will be a winner, Texas has been strong market for UTI, looking for sites to ramp fastest
Q: Jasper Bibb asked about high single-digit growth in starts in next two quarters and consumer shift to Gen AI impacting student acquisition?
A: High single-digit growth in starts is how they're thinking, collaboration between divisions in customer acquisition and marketing to capture shift from traditional search to AI engines
Q: Jasper Bibb asked about broadening of B2B partnerships?
A: Yes, broadening of who is approaching to solve problems, incoming on the rise and broadening, data centers and infrastructure for AI are opening doors for unique training models
Q: Steven Frankel asked about employer incentives and early learnings from Heartland and high school class?
A: Employers are offering incentive packages to graduates, no new aha moments from Heartland, high school looks good with strong returns in auto diesel areas