Lincoln Educational Services Corporation LINC Q2 2026 earnings

“During the second quarter and first half of the year, Lincoln continued to execute our mission of providing superior education and training to our students for high in-demand careers and generated strong operating results. Our performance and current third quarter trends lead to our reiterating our full year 2026 financial guidance. Employer demand for our graduates remains strong, and awareness of career opportunities in the skilled trades continues to grow. Following nearly 20% student start growth in the first quarter, we expected second-quarter growth to moderate to approximately half this rate and enrollment for the quarter did grow at approximately nine percent. However, our start growth for the quarter slowed to one percent, as fewer enrolled students than expected attended the first day of class. In addition, during the quarter, we observed changes in the student decision-making process that affected conversion from enrollment to start. We have taken, and continue to take, actions to address these trends and believe they are reaccelerating growth in new student starts as our August class is expected to be one of the largest in our history and we remain confident in our guidance for full-year student start growth of 10% to 14%.”