Lincoln Educational Services beats Q3 2026 on enrollment rebound
As seen on the 24/7 Wall St. homepage on November 9, 2026.
The metric whose Q2 stumble triggered securities litigation has reversed: student starts jumped 14.2% to 7,362, with management saying lead conversion is back to historic levels. Lincoln raised full-year revenue guidance to $600 million to $605 million.
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Lincoln Educational Services posted Q3 2026 earnings of $0.15 per share, topping expectations on revenue that grew 12.6% from a year earlier.
Student starts rebounded 14.2% on a comparable basis after stumbling in Q2 2026, a decline that triggered securities litigation against the company. Management stated that lead conversion returned to historic levels.
Enrollment strength reached cash generation, with net cash from operating activities improving to $34.9 million. The company also repurchased shares during the quarter, and the board expanded the total repurchase authorization.
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On the strength of the quarter and performance trends through October, Lincoln raised its full-year 2026 revenue guidance to $600 million to $605 million and narrowed its student start growth outlook. The company reiterated diluted EPS and Adjusted EBITDA guidance, part of which is absorbed by losses tied to new campus openings and growth initiatives.
Lincoln is expanding its campus footprint, with a Hicksville, New York location expected to begin its first class in November and further sites under construction or leased. The company also set long-term 2030 targets of $850 million in revenue, which CEO Scott Shaw said the current momentum raises confidence in achieving.
Mentioned: LINC