IDT Q3 revenue rises on growth across business segments

IDT

03/06/2026 21:56

Overview
US fintech and communications firm's fiscal Q3 revenue rose 5% yr/yr to $315.7 mln
Adjusted EPS for fiscal Q3 rose to $0.94
Company raised FY 2026 adjusted EBITDA guidance to $150-$152 mln

Outlook
IDT raises FY 2026 Adjusted EBITDA guidance to $150-$152 mln from $147-$149 mln
Company expects Merchant Services and SaaS Fees to drive growth in coming quarters
IDT anticipates AI offerings will become growth drivers in FY 2027

Result Drivers
NRS RECURRING REVENUE - Growth in NRS recurring revenue, led by Merchant Services and SaaS Fees, drove segment performance
BOSS MONEY DIGITAL GROWTH - BOSS Money digital channel revenue growth accelerated, supported by higher transaction volume and market share gains after implementation of a new federal remittance tax
net2phone EXPANSION & OPERATING LEVERAGE - net2phone growth was helped by increased CCaaS seats, US and Mexico expansion, and disciplined customer acquisition costs

Company press release: ID:nGNX97WL89

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$315.71 mln
 
Q3 Adjusted EPS
Beat
$0.94
$0.89 (1 Analyst)
Q3 EPS
 
$0.87
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for IDT Corp is $80.00, about 48.1% above its June 3 closing price of $54.03
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)