PAR Technology Q2 Revenue Tops Consensus by 7% as Adjusted EBITDA Nearly Triples
PAR sits 55% above its 52-week low of $11.59.
Summary
PAR Technology's Q2 2026 revenue of $133.4M beat consensus by 7%, and adjusted EBITDA nearly tripled to $14.3M. ARR grew 17.3% to $338M, but hardware margins compressed and a $5.4M impairment charge weighed on results.
Key Events · Earnings and Guidance · PAR
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Revenue Beat
Driven by 16% subscription service growth and 31% hardware growth, Q2 revenue of $133.4M exceeded the $124.62M consensus by 7%.
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Adjusted EBITDA Surge
Reflecting operating leverage and cost discipline, adjusted EBITDA nearly tripled to $14.3M from $5.5M a year ago.
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ARR Growth
Annual recurring revenue reached $338M, up 17.3% year-over-year, with organic ARR growth of 12.3%.
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Hardware Margin Compression
Hardware gross margin fell to 20.3% from 27.3% due to a $1.5M inventory charge for a discontinued product and unfavorable product mix.
Analysis · PAR · Technology
PAR Technology turned in a strong second quarter, with revenue of $133.4M beating the $124.62M consensus by 7% and adjusted EBITDA nearly tripling to $14.3M. Annual recurring revenue climbed 17.3% to $338M, fueled by organic growth and the Bridg acquisition. On the other hand, hardware gross margin contracted sharply to 20.3% from 27.3% on inventory charges and product mix, and a $5.4M intangible impairment weighed on operating income. Customer concentration with McDonald's rose to 27% of revenue, adding risk. The results highlight accelerating top-line momentum and improving profitability, though margin pressure and concentration warrant attention.
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At the time of this filing, PAR was trading at $17.93 on NYSE in the Technology sector, with a market capitalization of approximately $706.1M. The 52-week trading range was $11.59 to $60.42. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.