IDT Corporation Reports Strong Q3 Fiscal 2026 Results with Increased Revenue and Profit
IDT Corporation Reports Third Quarter Fiscal Year 2026 Results
Image: Benzinga
IDT Corporation reported a 5% revenue increase to $315.7 million for Q3 FY 2026, with gross profit rising 9% to $122.5 million. The company raised its FY 2026 Adjusted EBITDA guidance to $150-$152 million, reflecting robust growth across its fintech and communications segments.
- 01IDT's revenue increased by 5% year-over-year to $315.7 million in Q3 FY 2026.
- 02Gross profit rose by 9% to $122.5 million, with a gross profit margin of 38.8%.
- 03Income from operations grew by 12% to $29.8 million compared to Q3 FY 2025.
- 04The company expects Adjusted EBITDA for FY 2026 to reach between $150-$152 million.
- 05IDT's National Retail Solutions segment saw a 22% increase in recurring revenue, driven by Merchant Services and SaaS fees.
Advertisement
In-Article Ad
IDT Corporation (NYSE: IDT) announced its financial results for the third quarter of fiscal year 2026, ending April 30, 2026. The company achieved a revenue increase of 5%, reaching $315.7 million, compared to $302.0 million in the same quarter last year. Gross profit also saw a 9% rise to $122.5 million, leading to a gross profit margin improvement of 170 basis points to 38.8%. Income from operations increased by 12% to $29.8 million. IDT's CEO, Shmuel Jonas, noted that the growth was fueled by the strong performance of its fintech and communications segments, particularly the National Retail Solutions (NRS) segment, which reported a 22% increase in recurring revenue. Additionally, IDT raised its guidance for Adjusted EBITDA to a range of $150-$152 million for the fiscal year. The company continues to invest in AI and machine learning to enhance its product offerings and customer service.
Advertisement
In-Article Ad
IDT's growth in revenue and profit indicates a strengthening position in the fintech and communications markets, which could lead to more job opportunities and enhanced services for consumers.
Advertisement
In-Article Ad
Reader Poll
What do you think about IDT Corporation's financial performance this quarter?
Connecting to poll...
Read the original article
Visit the source for the complete story.