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Universal Technical Institute (UTI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
Universal Technical Institute (UTI) reported revenue of $221M for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +0.3% from the quarter before. Operating margin was 0.2%, net earnings $433K (0.2% of revenue).
Universal Technical Institute, Q2 FY26: revenue $221M (+7% year over year), operating margin 0.2%, net earnings $433K, operating cash flow $4.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $221M | +0.3% | +7% |
| Operating profit | $339K | -98% | -98% |
| Net earnings | $433K | -97% | -96% |
| Operating cash flow | $4.0M | +29% | — |
What changed
Revenue was $221.4M in Q2 FY26, up 7% year over year and roughly flat from the previous quarter.
Operating profit was $339K, a 0.2% margin (down 8.0 points year over year). Operating profit fell $16.5M even though revenue rose $14.0M versus Q2 FY25, so costs grew faster than sales. Total costs grew 16% against revenue growth of 7%. The fastest-growing cost line was SG&A (+18%). Net earnings were $433K, down 96% year over year. The effective tax rate was -13.1%.
Operating cash flow was $4.0M, 920% of net earnings. Non-cash charges added back $9.0M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $9.4M. Capital expenditures of $30.4M exceeded it, leaving free cash flow of −$26.4M.
Questions
What was Universal Technical Institute's revenue in the second quarter fiscal 2026?
Universal Technical Institute (UTI) reported revenue of $221M for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +0.3% from the quarter before.
Was Universal Technical Institute profitable in the second quarter fiscal 2026?
Operating profit was $339K (0.2% of revenue) and net earnings $433K.