Key Points – Strong Q2 performance: Revenue increased 38% year over year, while adjusted EBITDA rose 21% to $52.2 million.
ITG issued 2026 guidance for approximately $1.5 billion–$1.6 billion in revenue and 36% adjusted EBITDA growth. – Backlog and customer demand expanded: Next-12-month backlog reached $1.5 billion, up 21% year over year, supported by new and extended agreements with eight customers
Longer-term backlog grew to approximately $3.3 billion, providing visibility into 2027 and 2028. – Growth initiatives are accelerating: Data-center revenue is expected to exceed $65 million in 2026 and grow substantially in subsequent years. ITG also acquired certain Full Circle Fiber assets, adding hundreds of employees, fleet assets and contracts, though the acquisition is not included in current full-year guidance. ITG (NASDAQ:ITG) reported second-quarter revenue growth of 38% year over year and introduced its first full-year outlook as a public company, following an initial public offering completed July 2.
The company said its IPO generated $323 million in net proceeds, which it used to repay debt and strengthen its capital structure. Chief Executive Officer Andy Parrott said the public listing provides added financial flexibility as ITG pursues organic growth, acquisitions and investments in its operating platform. “Our second quarter performance reinforced our confidence in the strategy we outlined during the IPO process,” Parrott said. Second-Quarter Results and Outlook Second-quarter revenue rose 38% from a year earlier, exceeding the company’s plan, according to Chief Financial Officer Chris Mecray.