PAR Technology (NYSE:PAR) Announces Quarterly Earnings Results

Key Points

• PAR Technology reported quarterly EPS of $0.24, beating the $0.22 consensus, while revenue rose 15% year over year to $137.1 million, above estimates.
• The company raised its 2026 outlook to $532.5–$536.5 million in revenue and $57.9–$59.4 million in adjusted EBITDA. ARR reached $354.5 million, up about 13% organically year over year.
• Profitability remains a concern: PAR posted a negative net margin of 12.24%, and management expects subscription margins of 66%–68%, citing integration and account-related headwinds.

PAR Technology (NYSE:PAR - Get Free Report) posted its earnings results on Thursday. The software maker reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02, FiscalAI reports. PAR Technology had a negative net margin of 12.24% and a negative return on equity of 0.69%. The firm had revenue of $137.11 million during the quarter, compared to analysts' expectations of $129.79 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business's revenue for the quarter was up 15.0% compared to the same quarter last year.

Here are the key takeaways from PAR Technology's conference call:

• PAR reported record Q3 revenue of $137.1 million, up 15%, adjusted EBITDA of $17.1 million, and free cash flow of $17.7 million. It raised full-year 2026 guidance to $532.5–$536.5 million in revenue and $57.9–$59.4 million in adjusted EBITDA.
• ARR reached $354.5 million, with organic year-over-year growth of approximately 13% and a $16.5 million sequential increase. More than 80% of new Q3 deals were multi-product, while major rollouts—including Burger King and Papa John's—are advancing.
• Operating leverage improved, but non-GAAP subscription margins were 66%; management said 66%–68% is a more foreseeable range, below historical levels near 70%. Bridg integration and the Plexure account remain margin headwinds, though Bridg margins improved sequentially.
• PAR is expanding PAR Intelligence and says it will focus on adoption and measurable customer outcomes in 2026, with monetization expected to develop afterward. Management described a traditional SaaS model as its current thinking but said it is too early to report a meaningful AI revenue metric.
• Hardware demand from large accounts remained strong, but PAR expects it to move toward historical levels after Q4. Inventory rose to about $41 million, partly to support near-term demand and memory-chip commitments; the company says those purchases lock in pricing 30%–40% below current rates.

PAR Technology Stock Performance

PAR Technology stock traded up $1.28 during trading hours on Friday, hitting $20.46. The stock had a trading volume of 2,826,863 shares, compared to its average volume of 874,460. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89. PAR Technology has a one year low of $11.59 and a one year high of $40.54. The business's 50 day simple moving average is $16.75 and its 200-day simple moving average is $17.07.

Analyst Ratings Changes

PAR has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on shares of PAR Technology from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, August 7th. BTIG Research dropped their price objective on shares of PAR Technology from $45.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Weiss Ratings raised shares of PAR Technology from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, August 27th. Finally, Needham & Company LLC raised their target price on shares of PAR Technology from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PAR Technology has an average rating of "Moderate Buy" and a consensus price target of $25.17.

Insider Activity at PAR Technology

In other news, Director Narinder Singh purchased 11,518 shares of PAR Technology stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the acquisition, the director owned 38,527 shares in the company, valued at approximately $668,828.72. This trade represents a 42.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company's stock.

Key PAR Technology News

Here are the key news stories impacting PAR Technology this week:

• Positive Sentiment: PAR raised its 2026 revenue outlook to $532.5 million–$536.5 million, above the roughly $520.5 million consensus estimate. It also forecast fourth-quarter revenue of $138 million–$142 million, ahead of the $133.1 million consensus—signaling expectations for continued growth. PAR Technology Q4 revenue outlook
• Positive Sentiment: Third-quarter revenue was $137.11 million, up 15% year over year and above the cited analyst estimate of $129.79 million. PAR reported earnings of $0.24 per share, compared with $0.06 a year earlier. PAR Technology Q3 2026 results
• Positive Sentiment: Needham raised its price target to $30 from $25 and maintained a Buy rating, reflecting a more optimistic analyst outlook. Needham analyst recommendations
• Negative Sentiment: Despite the stronger sales and per-share earnings figures, PAR reported a negative net margin, indicating that profitability remains a concern.

PAR Technology Company Profile

PAR Technology Corporation NYSE: PAR provides technology solutions for the restaurant and hospitality industries. Its offerings include point-of-sale systems, restaurant management software, digital ordering, loyalty and customer-engagement tools, payment solutions, workforce management, and related hardware and support services.

The company's portfolio includes Brink POS, a cloud-based restaurant point-of-sale platform, and Punchh, a customer loyalty and engagement platform. PAR also provides tools designed to help restaurant operators manage digital channels, payments, data, and guest relationships through integrated technology solutions.

Founded in 1968, PAR Technology has expanded from its origins in restaurant and hospitality technology through organic development and acquisitions, including Punchh and Stuzo.

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