PAR Technology Q2 revenue tops estimates, raises revenue, adjusted EBITDA outlook
PAR•Result drivers
- Subscription and hardware growth - Revenue growth driven by increases in both subscription service and hardware sales
- Platform investment - Co said it continued to make large investments in its platform, including AI capabilities
- Operational discipline - Co cited operational discipline as helping balance growing profitability with long-term investments
Updated outlook
- PAR Technology raises 2026 revenue outlook to $516 mln-$523 mln, up from $500 mln-$515 mln
- Company lifts 2026 adjusted EBITDA forecast to $50 mln-$53 mln, up from $44 mln-$47 mln
- PAR Technology sees Q3 revenue at $128 mln-$132 mln and adjusted EBITDA at $13.5 mln-$14.5 mln
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the office equipment peer group is "buy"
- Wall Street's median 12-month price target for PAR Technology Corporation is $28.00, about 58.9% above its August 5 closing price of $17.62
- The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
