# Lincoln Educational Raises 2026 Revenue Outlook to $600 Million-$605 Million By John Kim Canonical URL: https://www.tokenpost.com/news/business/53472 Published: 2026-11-11T01:59:39.000Z Updated: 2026-11-11T01:59:39.000Z Section: Business > Lincoln is targeting 10% to 12% growth in student starts and kept its adjusted EBITDA forecast at $76 million-$80 million. Lincoln Educational Services Corporation raised its 2026 revenue outlook to $600 million-$605 million and set a target for student starts to rise 10% to 12%, updating its full-year operating expectations. Lincoln kept its adjusted EBITDA outlook at $76 million-$80 million. Management cited broad cost increases, higher near-term cost per start and continued investment in student outcomes. Student starts grew 14.2% year over year in the third quarter as lead-to-start conversion improved, CEO Scott Shaw said. The company’s [third-quarter results]() included revenue of $159.2 million, up 12.6% from a year earlier. ## Links in this article - [third-quarter results](https://www.tokenpost.com/news/business/52945)