CoreCivic Q2 revenue rises 27.3% to $684.9 million; sells $2.2 billion in facilities
CoreCivic reported second-quarter 2026 revenue of $684.9 million, up 27.3%, and diluted EPS of $0.37, up 5.7%, while net income fell 3.6% to $37.1 million. The company also sold four detention facilities to the federal government for $2.2 billion in gross proceeds and raised its share repurchase authorization by $500.0 million to $1.2 billion, with $755.8 million remaining.
Key points
- Q2 2026 total revenue was $684.9 million, up 27.3%; net income was $37.1 million, down 3.6%; diluted EPS was $0.37, up 5.7%
- Full-year 2026 adjusted EBITDA guidance was lowered to $440.5 million to $445.5 million from $453.8 million to $461.8 million
- Full-year 2026 diluted EPS guidance was updated to $15.00 to $15.20 from $1.51 to $1.61, largely reflecting an expected gain on the facility sales in the third quarter
- Four facilities were sold on July 2 and August 4, 2026, for $2.2 billion gross; the company expects to manage them under existing ICE contracts
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.