IDT Corporation

IDT Corporation reported solid Q2 2026 results with revenues of $320.5 million, representing a 5.7% increase from $303.3 million in Q2 2025. Gross profit grew 8.2% to $121.3 million, though operating income declined 3.8% to $27.2 million due to higher operating expenses. Net income attributable to IDT Corporation was $20.9 million, a 3.4% increase from $20.3 million in the prior year quarter. The company generated $28.2 million in operating cash flow but used $21.4 million in investing activities and $17.9 million in financing activities, resulting in a net decrease of $4.9 million in cash. Key drivers included growth across all business segments, particularly National Retail Solutions (19.3% revenue growth) and Fintech (11.8% revenue growth). The company maintained strong liquidity with $210.2 million in cash and cash equivalents and total assets of $678.3 million.

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