PAR Technology Corporation
PAR Technology Corporation Q1 FY2026 earnings call
May 7, 2026 · fiscal period ended 2026-03
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2026-05-07
Management highlights
PAR has been miscast in the public market and now provides forward-looking financial guidance. Q1 marks a good start with goals to improve profitability and utilize PAR intelligence. Scaled AI-first restaurant retail platform, eliminated structural cost inefficiency, expanded recurring revenue. Operator cloud momentum with ParPoS and Data Central, multi-product cross-sell. Engagement side ARR growth driven by cross-sell, etc. Retail business has strong momentum with AI application. Acquisition of Bridge enhances AI capabilities.
Segment performance
Total revenue for the quarter was $124 million, representing 19% year-over-year growth. ARR reached $330 million, up 16% year-over-year with organic growth of over 11%. Subscription service revenue was $79 million, an increase of 10 million or 15% from the prior year, representing 63% of total PAR revenue. Hardware revenue in the quarter was $29 million, an increase of 7 million or 34% from the prior year. Adjusted EBITDA for the first quarter of 2026 was $8.9 million, an improvement of $4.4 million compared to Q1 2025.
Guidance
For the second quarter of 2026, expect total revenue in the range of $122.5 to $127.5 million and adjusted EBITDA in the range of $9.5 to $11.5 million. For the full year 2026, expect total revenue in the range of $500 to $515 million and adjusted EBITDA in the range of $44 to $47 million.
Q&A highlights
Our first question comes from Mayank Tandon from Needham.
Q: Expectations on ARR.
A: Target mid-teens ARR growth, levers are new site count and upsell. Next from George Sutton from Craig Harlem.
Q: Strategy layer.
A: AI moves from chat GPT-like to predictability and actions.
Q: Tier 1 opportunities.
A: Tremendous progress, expect outcomes in second half. Next from Steven Sheldon from William Blair.
Q: Drag to ARR from onboarding.
A: Through it, heavily levered towards Punch.
Q: Convenience store traction.
A: Bullish, loyalty grows, Touchpoint launched. Next from Maxwell Michaels from Lake Street Capital Markets.
Q: Punch win rate.
A: Core reason is best product, historical win rates 35%-40%, current 50%+.
Q: Par intelligence pricing.
A: Thinking SaaS-like billing. Next from Andrew Hart from BTIG.
Q: Business confidence.
A: Confident in market positioning, winning rates, cash flow, etc.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $0.10 | $0.07 | +42.9% | $-0.01 |
| Revenue | $124.0M | $116.9M | +6.1% | $103.9M |
Transcript
May 7, 2026Full transcript unavailable for redistribution
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