Toast reports Q1 EPS 20c, consensus 15c

Reports Q1 revenue $1.63B, consensus $1.63B. “2026 is off to a strong start. In Q1 we grew recurring gross profit 27%, expanded GAAP Operating Income margin to 21%, and added approximately 7,000 net locations,” said Toast (TOST) CEO Aman Narang. “AI is helping us both build faster and drive more impact for our customers. For example, the launch of Toast IQ Grow includes our first AI agent and aims to help restaurants optimize their digital presence and drive more demand. We see strong momentum across both our core as well as our new markets, and with the incredible opportunities AI creates I’ve never been more confident in our ability to scale this business.”