CPI Card Group releases transcript of 2Q26 earnings call
PMTS•Earnings call highlights
CPI Card Group’s 2Q26 earnings call drew CEO John D. Lowe, CFO Terra Grantham, IR head Davis Barker, and analysts from D.A. Davidson, Lake Street, ROTH, and B. Riley.
- Revenue rose 15% to $149 million.
- Adjusted EBITDA increased 7% to $24 million.
- Tariff refunds lifted results by more than $3 million.
Cash flow, demand, and leverage
First-half free cash flow hit a record $36 million.
Prepaid demand remained choppy into late 2026, and net leverage ended 2Q at 2.7x.
Updated guidance and business outlook
Guidance was raised for revenue growth to high single digits to low double digits. Free cash flow was lifted to $45 million-$50 million, while the adjusted EBITDA outlook was unchanged.
TRISM instant issuance acquisition is expected to add about $3.5 million-$4 million in 2H26, with the run-rate seen roughly doubling in 2027. Integrated Paytech growth was guided at about 20%.
