EarningsQ2 2026 Earnings Report
MX:PAR Q2 2026 EPS Results
Actual EPS$3.07
Consensus EPS$2.08
Beat/MissBeat by +$0.99
One Year Ago EPS$0.51
MX:PAR Q2 2026 Revenue Results
Actual Revenue$2.28B
Expected Revenue$2.13B
Beat/MissBeat by +$149.31M
YoY Revenue Growth+18.69%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:PAR Upcoming Earnings
Par Technology's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:PAR Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated broad operational and financial progress: double-digit revenue and ARR growth, substantial adjusted EBITDA improvement, strong hardware sales quarter, greater multiproduct adoption, accelerated AI/tooling deployment, and an upward revision to full-year guidance. Offsetting items include persistent GAAP losses, compressed hardware and services margins (partly due to macro supply-chain/tariff pressures), some one-off contributors, and dependence on successful execution of large rollouts. On balance the positives (growth, margin expansion on a non-GAAP basis, product traction and raised guidance) outweigh the negatives, though execution and margin normalization risks remain.Company Guidance
ARR Growth and Scale
Exited Q2 with approximately $338 million of ARR, up ~17% year-over-year and ~12.3% organic growth, positioning the company for accelerated second-half growth.
Revenue and Subscription Expansion
Total revenue of $133 million in Q2, a 19% increase year-over-year; subscription service revenue was $83 million, up 16% year-over-year and representing 63% of total revenue.
Profitability Acceleration (Adjusted EBITDA)
Adjusted EBITDA of $14.3 million in Q2, up 158% year-over-year and $5.3 million sequentially; management notes a normalized Q2 adjusted EBITDA of $13 million excluding a $1.3 million one-time hardware overperformance.
Non-GAAP Net Income Improvement
Non-GAAP net income of $7.5 million, or $0.18 diluted EPS, versus $0.6 million ($0.01) in the prior-year quarter, a material improvement in profitability on a non-GAAP basis.
Strong Hardware and Services Quarter
Hardware revenue of $35 million, up 31% year-over-year — the strongest hardware sales quarter in at least 10 years; professional services revenue of $15 million, up 10% year-over-year driven by Tier 1 rollouts.
Margin and Operating Leverage Gains
Gross margin grew to $57 million (+11% year-over-year). Non-GAAP operating expense as a percent of revenue improved to 38%, a 1,000 basis point improvement from 48% in prior-year Q2, reflecting structural OpEx reductions and efficiency gains.
Product and Commercial Momentum (Multiproduct Adoption)
Nearly 100% multiproduct attachment on Q2 new engagements; average platform deal term lengths roughly double point solutions and 3-year blended ARPU CAGR of 8%, indicating stronger unit economics and stickiness.
PAR Intelligence and AI Adoption
PAR Intelligence grew to roughly 20,000 live sites in Q2 with ~20,000 more planned for Q3 and a FY2026 target of 50,000 live sites; 100% of employees enabled on AI tooling with an estimated $14.9 million/year of time savings from AI-enabled workflows.
Strategic Acquisitions and New ARR
Since closing the Bridg acquisition in March, Bridg contributed more than $1.3 million of committed ARR from two signed customers with contracts through 2029, demonstrating early cross-sell and long-term commitments.
Sales & Deployments Highlights
PAR Ordering closed its best quarter with 6 new deals (half migrating from the market's largest legacy provider) and win rates above 50%; PAR OPS activated nearly 700 locations — its strongest quarter ever; continued progress on Burger King and Papa John's deployments.
Raised Full-Year Guidance
Raised 2026 outlook: total revenue now $516–$523 million (previously $500–$515M) and adjusted EBITDA now $50–$53 million (previously $44–$47M), reflecting confidence in backlog and operating leverage.
MX:PAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed