Q2 2026 PAR Technology Corp Earnings Call Transcript

Aug 6, 2026 / 08:30 PM GMT

Release Date Price: €14.47 (-4.11%)

Transcript 10-Q8-K

Key Points

Positve

PAR Technology Corp (PAR) delivered strong Q2 results, with total revenue of $133 million (up 19% year-over-year) and adjusted EBITDA of $14.3 million, both exceeding the high end of guidance.
ARR grew to approximately $338 million, representing over 17% year-over-year growth and 12.3% organic growth, with expectations for meaningful acceleration in the second half.
The company's platform strategy is gaining traction, with nearly 100% multi-product attachment on new Q2 engagements, including wins with Guthrie's, Sarku Japan, and Burgerville.
PAR Intelligence adoption is scaling rapidly, with roughly 20,000 live sites at the end of Q2 and another 20,000 planned to go live in Q3, on track for a 50,000-site commitment for fiscal 2026.
The company raised its full-year 2026 guidance, now expecting total revenue of $516-$523 million (up from $500-$515 million) and adjusted EBITDA of $50-$53 million (up from $44-$47 million).
PAR Ordering delivered its best quarter ever, closing 6 new deals with a win rate above 50%, including 3 wins from customers migrating off the market's largest legacy ordering provider.
The newly acquired Bridge product added more than $1.3 million in new committed ARR from 2 signed customers, with agreements extending through 2029, validating the data intelligence strategy.

Negative

Hardware margins declined to 20% in Q2, down from 27% in the prior year, due to the current tariff and supply chain constraint environment, with expectations to remain in the low 20% range.
Professional service margins were negatively impacted in Q2, coming in at 23% versus 29% in the prior year, due to the timing of hardware-related service contracts.
The company experienced planned churn in the engagement/ordering segment during Q1, which continues to impact growth in that area, though the business is showing solid margins.
Non-GAAP subscription service margin slightly decreased to 65.1% from 66.4% in Q2 2025, reflecting a shift in product mix due to the inclusion of a full quarter of Bridge operations.
The company's net loss was $17 million for Q2 2026, though this was an improvement from the $21 million net loss in Q2 2025, indicating ongoing profitability challenges.
Q2 adjusted EBITDA included $1.3 million of overperformance from a specific hardware initiative, and without this, the normalized number would be $13 million, suggesting some one-time benefits.
The company noted that hardware revenue in Q2 was historic and benefited from elevated tier 1 refresh activity, with expectations for this to normalize in the second half, potentially impacting revenue growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PAR.N - PAR Technology Corporation
Q2 2026 PAR Technology Corp Earnings Call
Aug 06, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to the par Technology fiscal year 2026, second quarter financial results conference call.

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