GEO Group posts record Q3 revenue and lifts full‑year 2026 guidance
GEO Group reported third‑quarter 2026 revenue of $761.1 million, a 12% year‑over‑year increase, and adjusted net income of $51.8 million, or $0.39 per diluted share. The company raised its full‑year 2026 outlook for revenue to $2.975‑$3.025 billion, adjusted net income to $185‑$190 million (or $1.40‑$1.44 per share), and Adjusted EBITDA to $568‑$573 million. Growth was driven by new and expanded contracts with ICE, including the activation of four facilities and a $950 million sale of three immigration centers.
Why it matters
The higher guidance expands the revenue and earnings targets investors had for 2026, implying stronger cash flow from government contracts. The raised Adjusted EBITDA range suggests improved operating profitability for the year.
Key facts
- 1Q3 2026 revenue was $761.1 million, up 12% from $682.3 million in Q3 2025. tradingview.com
- 2Adjusted net income for the quarter was $51.8 million, equal to $0.39 per diluted share. tradingview.com
- 3Adjusted EBITDA grew 21% to $145.3 million, compared with $120.1 million a year earlier. tradingview.com
- 4Full‑year 2026 revenue guidance was increased to a range of $2.975‑$3.025 billion. tradingview.com
- 5Full‑year 2026 adjusted net income guidance was raised to $185‑$190 million, or $1.40‑$1.44 per diluted share. tradingview.com
- 6Full‑year 2026 Adjusted EBITDA guidance was lifted to $568‑$573 million. tradingview.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.