Acadia Healthcare

Q2 FY2026 EarningsQ2 FY26 revenue of $865.8M beat consensus of $844.2M, though it slightly declined YoY due to the timing of state government program approvals. Diluted GAAP EPS of $0.12 missed the $0.34 consensus primarily due to an effective tax rate surge to 44.3% and significant legal settlement expenses, including a $13.8M charge for Sandoval litigation. Despite bottom-line pressure, operational demand remained resilient with admissions growing 6.4% YoY on a same-facility basis.