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CoreCivic (CXW) guidance and outlook
CoreCivic (CXW) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue $320M for FY2026; Net income $1.5B for FY2026; EPS $15.42–$15.48 for FY2026; FFO per share $2.85–$2.92 for FY2026. CoreCivic's 10-Q filed Nov 5, 2026 makes 30 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $320M | raised |
| Net income | FY2026 | $1.5B | lowered |
| EPS | FY2026 | $15.42–$15.48 | raised |
| FFO per share | FY2026 | $2.85–$2.92 | raised |
| FFO per share | FY2026 | $2.78–$2.85 | raised |
| EBITDA | FY2026 | $2.2B | lowered |
| Capital expenditures | FY2026 | $35.0M–$40.0M | reaffirmed |
| Depreciation & amortization | FY2026 | $481K | raised |
| FFO | FY2026 | $270K | raised |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- our ability to successfully activate idle facilities in a timely manner in order to meet the growth in demand for our facilities and services from the federal government that has occurred as a result of changes in policies and actions of the current presidential administration, and to realize projected returns resulting therefrom;
- our ability to successfully identify and consummate future development and acquisition opportunities, integrate their operations, and realize projected returns resulting therefrom;
- We expect to begin receiving detainees at the Appleton Facility in the fourth quarter of 2026, with the activation estimated to be complete in the second quarter of 2027.
- On August 4, 2026, we sold the Appleton Facility to the United States of America and its assigns, by and through DHS, and we will manage the facility in accordance with the new management agreement for the facility with ICE.
- We expect to continue to manage the facilities sold to the United States of America and its assigns, by and through DHS under the existing management contracts with ICE related to each facility, although we expect the terms of the management contracts to be modified to reflect the change in ownership.
- However, we can provide no assurance that we will continue to manage these facilities in the future, or that the terms of the existing management agreements will remain the same.
- While we believe the legislative and executive actions mentioned above will create long-term needs from our federal partners, we also believe the long-term growth opportunities of our business remain attractive as state and county government agencies consider the efficiency and offender programming opportunities we provide as flexible solutions to satisfy their needs.
- We currently expect average daily compensated populations and revenue to continue to increase in the fourth quarter of 2026 as a result of these new contracts.
- Once the facility is fully activated, we expect this facility to generate total annual revenue of approximately $75.0 million.
- We expect to begin receiving detainees in the fourth quarter of 2026, with activation estimated to be complete in the second quarter of 2027.
- Modifications, if any, to the management contracts have not yet occurred, but we expect these management contracts to be modified in the future to reflect the change in ownership.
- While we cannot predict if, or how quickly, ICE populations will continue to grow, we believe the presidential administration's commitment to border security and deportation remains unchanged.
CoreCivic's latest quarter
CoreCivic, Q3 2026: revenue $744M (+28% year over year), operating margin 9.0%, net earnings $1.3B, operating cash flow −$413M. The chart follows the revenue to costs, profit and cash.
Questions
Did CoreCivic raise or lower its guidance?
CoreCivic (CXW) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue $320M for FY2026; Net income $1.5B for FY2026; EPS $15.42–$15.48 for FY2026; FFO per share $2.85–$2.92 for FY2026.
What does CoreCivic expect?
our ability to successfully activate idle facilities in a timely manner in order to meet the growth in demand for our facilities and services from the federal government that has occurred as a result of changes in policies and actions of the current presidential administration, and to realize projected returns resulting therefrom; our ability to successfully identify and consummate future development and acquisition opportunities, integrate their operations, and realize projected returns resulting therefrom; We expect to begin receiving detainees at the Appleton Facility in the fourth quarter
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.