ITG revenue jumps 49% to $461.5 million
Key points
- ITG (NASDAQ:ITG) reported third-quarter 2026 revenue of US$461.5 million, up 49% year-over-year and above its previous outlook.
- Adjusted EBITDA increased 64% to US$64.5 million, while free cash flow reached US$62.8 million, compared with US$26.2 million a year earlier.
- ITG raised its 2026 outlook to US$1.578 billion in revenue and US$203 million in Adjusted EBITDA, representing projected annual growth of 37% for both measures.
ITG (NASDAQ:ITG) reported third-quarter 2026 revenue of US$461.5 million, up 49% year-over-year, while adjusted EBITDA increased 64% to US$64.5 million, with both results exceeding its previous outlook.
Revenue increased from US$309.2 million in the prior-year quarter, while net loss attributable to ITG reached US$6.1 million, compared with net income of US$827,000 a year earlier.
Free cash flow increased to US$62.8 million from US$26.2 million, while next-twelve-month backlog reached US$1.539 billion at September 30, compared with US$1.209 billion a year earlier and US$1.517 billion at June 30.
ITG updated its full-year 2026 outlook to revenue of US$1.578 billion and adjusted EBITDA of US$203 million, with both figures representing projected growth of approximately 37% from 2025.
The company provides installation, maintenance and other services for digital infrastructure, including broadband networks, fiber deployment, wireless infrastructure and data center connectivity.
Despite the stronger quarterly cash generation, ITG recorded a US$89.398 million operating cash outflow during the first nine months of 2026, compared with a US$26.893 million inflow in the same period of 2025, highlighting a difference between quarterly free cash flow and year-to-date operating cash flow.
