PAR Technology Reports Record Q3 2026 Revenue and Raises Full-Year Guidance
PAR Technology (PAR) delivered a strong third quarter for fiscal year 2026, reporting total revenue of $137.1 million, a 15% increase year-over-year. The company achieved record adjusted EBITDA of $17.1 million, marking its seventh consecutive quarter of sequential improvement. Growth was driven by all three primary revenue streams: subscription services, hardware, and professional services. Driven by robust performance, management raised its full-year 2026 guidance for both revenue and adjusted EBITDA. Key operational highlights include an 18.1% increase in Annual Recurring Revenue (ARR) to $354.5 million and significant progress in large-scale deployments, such as the Burger King rollout and upcoming Papa John's implementation. Despite these gains, leadership noted macroeconomic pressures on restaurant operators due to consumer affordability concerns.
Tickers: $PAR
Topics: ARR EBITDA net loss improvement revenue growth subscription revenue