Shares of Universal Technical Institute (UTI) surged 5.06% in after-hours trading on Wednesday following the release of its fourth-quarter earnings report and fiscal 2026 guidance. The technical education provider delivered better-than-expected results and provided an optimistic outlook, signaling continued growth for the company.

Universal Technical Institute reported fourth-quarter revenue of $222.442 million, surpassing analyst estimates of $219.2 million. The company's earnings per share (EPS) for the quarter came in at $0.34, significantly beating the FactSet consensus estimate of $0.26. This strong performance was driven by a 13.3% year-over-year increase in revenue and a 10.5% rise in average full-time active students.

Looking ahead, Universal Technical Institute provided an upbeat forecast for fiscal 2026. The company expects revenue to range between $905 million and $915 million, exceeding the FactSet estimate of $901 million. Additionally, UTI plans to open two to five new campuses annually and launch approximately 20 new programs across its divisions, subject to regulatory approval. This expansion strategy, coupled with the company's solid financial results, appears to have bolstered investor confidence, leading to the significant after-hours stock price increase.