Shares closed down 1.1% following Laureate Education’s Q1 2026 results, with the market reacting neutrally to management’s reaffirmed full-year guidance and in-line enrollment performance. Commentary highlighted macro-driven moderation in Mexico and a favorable outlook in Peru, but no material surprises emerged versus expectations.

• New enrollment growth for the cycle was 13% in Peru and 4% in Mexico, both described as consistent with internal forecasts.
• Full-year 2026 guidance for enrollments, revenue, and adjusted EBITDA was reaffirmed; adjusted EPS guidance increased, reflecting $105 million in Q1 share buybacks.
• Peru’s business benefited from strong macroeconomic conditions and rising demand for online offerings, while Mexico continued to see moderation amid a softer economic backdrop.
• Approximately $9 million of revenue and related profitability are expected to shift from Q1 to the second half of 2026 due to calendar timing.
• No significant changes to the company’s strategic priorities or capital allocation, with further share repurchases anticipated through year-end.