CoreCivic, Inc. Q2 2026 Financial Results and Share Repurchase Program Expansion

CoreCivic, Inc. reported its second quarter 2026 financial results, with total revenue increasing by 27.3% year-over-year to $684.9 million. Net income decreased by 3.6% to $37.1 million, while diluted EPS rose by 5.7% to $0.37. Adjusted EBITDA saw a 5.9% increase to $109.4 million. The company highlighted strong financial performance driven by facility activations and successful facility sales, which generated $2.2 billion in gross proceeds and are expected to result in an $1.8 billion gain in Q3 2026. Subsequent to quarter-end, the Board of Directors authorized an additional $500 million for the share repurchase program, increasing the aggregate authorization to $1.2 billion. The company also updated its full-year 2026 guidance, significantly increasing its projections for net income and diluted EPS due to the facility sales.