Adtalem Global Education Reports Strong Q2 Earnings

Enrollment growth, revenue, and adjusted EBITDA all increase as company raises full-year guidance

Jan. 28, 2026 at 8:15pm

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Adtalem Global Education (NYSE:ATGE) reported fiscal second-quarter 2026 results that management said extended its streak to a 10th consecutive quarter of enrollment growth, driven by gains at Walden University and continued scale across its portfolio of healthcare-focused institutions. The company raised its full-year revenue growth and adjusted earnings per share guidance.

Why it matters

Adtalem's strong performance demonstrates the continued demand for its healthcare-focused educational programs, particularly at its Walden University brand. The company's ability to drive enrollment growth, increase revenue and profitability, and raise guidance suggests it is executing well on its strategy to expand access to high-demand fields like nursing, medicine, and veterinary science.

The details

For the quarter, total enrollment increased more than 6% to 97,000 students. Revenue rose 12% to $503 million, and adjusted EBITDA grew to $155 million. Adjusted earnings per share were $2.43, up 34% from the prior year. The company maintained full-year revenue guidance of $1.90 billion to $1.94 billion and raised adjusted EPS guidance to $7.80 to $8.00.

  • Adtalem reported fiscal second-quarter 2026 results on January 29, 2026.

The players

Adtalem Global Education

A leading provider of postsecondary education and professional development solutions, operating a portfolio of brands and institutions that deliver degree programs and continuing education in high-demand fields such as healthcare, business, technology and the sciences.

Steve Beard

Chief Executive Officer of Adtalem Global Education.

Bob Phelan

Chief Financial Officer of Adtalem Global Education.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

Adtalem's strong second-quarter performance, driven by enrollment growth and operational efficiencies, highlights the continued demand for its healthcare-focused educational programs and the company's ability to execute on its strategic priorities. The raised full-year guidance suggests Adtalem is well-positioned to maintain its momentum in the coming quarters.