PAR Technology Q3 revenue beats estimates, lifts outlook

By Reuters News


Overview

  • US restaurant and retail software firm's Q3 revenue rose 15%, beating analyst expectations

  • Company raised full-year 2026 revenue and adjusted EBITDA outlook


Outlook

  • PAR Technology raises 2026 revenue outlook to $532.5 mln-$536.5 mln, up from $516 mln-$523 mln

  • Company now sees 2026 adjusted EBITDA at $57.9 mln-$59.4 mln, up from $50 mln-$53 mln

  • PAR Technology expects Q4 revenue of $138 mln-$142 mln and adjusted EBITDA of $17.5 mln-$19 mln


Result Drivers

  • ENTERPRISE DEPLOYMENTS - Co said Q3 momentum was supported by enterprise deployments and growing multi-product adoption

  • SUBSCRIPTION GROWTH - Annual recurring revenue rose 18.1% year-over-year to $354.5 mln, reflecting increased subscription service adoption

  • OPERATIONAL DISCIPLINE - Co said improved profitability was due in part to operational discipline while continuing to invest in long-term growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$137.10 mln

$129.54 mln (8 Analysts)

Q3 Loss Per Share

$0.22


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 47.4% above its November 4 closing price of $19.00

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago


Reuters Recommended Reads

  • Nov 3 - Toast Q3 revenue slightly beats after adding new locations

  • Nov 4 - HubSpot Q3 revenue beats estimates driven by subscription growth

  • Nov 4 - Datadog beats Q3 revenue, profit estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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