Restaurant tech software co PAR Technology Q1 revenue beats estimates

PAR Technology

07/05/2026 22:06

Overview

US restaurant and retail software firm's Q1 revenue rose 19%, beating analyst expectations

Adjusted EBITDA for Q1 doubled from prior year

Company completed Bridg acquisition, contributing to ARR growth

Outlook

PAR Technology sees Q2 revenue between $122.5 mln and $127.5 mln

Company expects Q2 adjusted EBITDA of $9.5 mln to $11.5 mln

PAR Technology forecasts 2026 revenue of $500 mln to $515 mln and adjusted EBITDA of $44 mln to $47 mln

Result Drivers

ARR AND SUBSCRIPTION GROWTH - Q1 revenue growth driven by 16% increase in annual recurring revenue and 15% rise in subscription service revenues

ACQUISITION IMPACT - Bridg acquisition contributed $14.4 mln in ARR for the quarter

AI PRODUCT LAUNCH - Introduction of PAR Intelligence, embedding AI into workflows, aimed at expanding addressable market and customer value, per CEO Savneet Singh

Company press release: ID:nBw9r3pv1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$124 mln
$116.96 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "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 Corp is $33.50, about 141.9% above its May 6 closing price of $13.85

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 37 three months ago

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.)