Recent Updates — IDT

IDT Corporation reported financial results for the fourth quarter and full fiscal year ended July 31, 2026. For Q4 2026, revenue increased 7% to $339.0 million, with gross profit rising 18% to $134.8 million and income from operations surging 52% to $33.2 million. Net income attributable to IDT grew 29% to $21.7 million, yielding GAAP EPS of $0.87. For the full fiscal year, revenue rose 5% to $1,298.0 million, while income from operations increased 21% to $121.2 million and net income grew 14% to $86.6 million. The company operates in the fintech, communications, and AI-powered customer experience solutions industry.

IDT Corporation's Board of Directors declared a quarterly cash dividend of $0.07 per share. The payment is scheduled for October 14, 2026, to stockholders of record as of October 5, 2026. IDT Corporation operates in the telecommunications and media industry.

IDT Corporation's subsidiary, IDT Telecom, entered into an amendment to its revolving credit agreement with TD Bank on August 13, 2026. The amendment increases the maximum revolving credit amount to $50.0 million during May and December of each calendar year, up from $25.0 million in other months. It adds National Retail Solutions, Inc., IDT Payment Services, Inc., and IDT Payment Services of New York, LLC as additional corporate guarantors and extends the facility's maturity date to July 15, 2029. The credit facility remains secured by the assets of IDT Telecom, IDT Corporation, IDT Domestic Telecom, IDT America, Net2Phone, and the newly added entities. IDT Corporation operates in the telecommunications and payment services industry.

On June 9, 2026, Irwin Katsof resigned from the IDT Corporation Board of Directors and its respective committees, stating the departure was not due to disagreements regarding operations, policies, or practices. Simultaneously, the Board appointed William Conkling to the Board, effective June 9, 2026. Mr. Conkling, the current Chief Commercial Officer of Protara Therapeutics Inc., will serve as the Audit Committee Chairman and Financial Expert, and will also join the Compensation and Corporate Governance committees. IDT Corporation is a technology company providing communications and digital services.