CPI Card Group Q2 Revenue Beats, Raises 2026 Outlook on Contactless Card Surge
PMTS has more than doubled off its 52-week low of $10.81.
Summary
Q2 revenue jumped 15% to $149.2M, beating consensus by $5.3M, driven by contactless card sales and the Arroweye addition. Net income missed at $2.04M vs. $3.20M expected, but the company raised full-year guidance: revenue growth now seen at high-single to low-double digits, free cash flow lifted to $45M-$50M, and IPT segment growth targeted at ~20%. More than $3M in tariff refunds padded gross margins. The stock is near its 52-week high, and the raised outlook signals confidence in sustained demand. Watch for margin pressure from the net income miss and uneven prepaid demand.
At the time of this announcement, PMTS was trading at $22.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $260.8M. The 52-week trading range was $10.81 to $23.43. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.