The earnings call presented a largely positive outlook with strong growth in key areas such as revenue, payments penetration, and adjusted EBITDA. Product innovation and customer location growth were highlighted as significant achievements. However, there were some areas for improvement, such as software revenue growth and performance in North American retail. Overall, the positive aspects and growth metrics significantly outweighed the challenges.

Company Guidance -

Q2 2026

During the Lightspeed First Quarter 2026 Earnings Call, the company reported a 15% year-over-year revenue increase, reaching $305 million, surpassing their outlook. Gross profit rose by 19% to $129 million, also exceeding expectations. Payments penetration improved to 41%, up from 36% the previous year. Lightspeed added 1,700 net new customer locations, increasing growth engine locations by 5% year-over-year. The company's adjusted EBITDA was reported at $16 million, marking a 55% growth compared to the previous year. The company outlined three strategic priorities: growing customer locations, expanding subscription ARPU, and improving adjusted EBITDA and free cash flow. In their growth markets, North American retail and European hospitality, software revenue grew by 9% and software ARPU increased by 10%. Looking ahead, for the second quarter, Lightspeed expects revenue between $305 million and $310 million, with gross profit growth of about 14% year-over-year and adjusted EBITDA ranging from $17 million to $19 million. For fiscal 2026, they anticipate a 10% to 12% revenue growth, a 14% gross profit increase, and an adjusted EBITDA between $68 million and $72 million.

Strong Revenue and Profit Growth

Revenue grew by 15% year-over-year to $305 million, exceeding the high-end of the outlook. Gross profit increased by 19%, also surpassing expectations.

Increased Payments Penetration

Payments penetration reached 41%, up from 36% in the same quarter last year.

Significant EBITDA Growth

Adjusted EBITDA was $16 million, up 55% year-over-year.

Customer Location and ARPU Growth

Added approximately 1,700 net new customer locations, with total growth engine locations up 5% year-over-year. ARPU reached a record $655, up 16% year-over-year.

Strong Product Innovation

Launched several new features in retail and hospitality, including AI-powered tools, leading to higher ARPU and customer satisfaction.

Lightspeed POS Inc (LSPD) Earnings, Revenues Date & History

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LSPD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2026 (Q2)	0.12 / -	0.13	―	―	―
Jul 31, 2025	2026 (Q1)	0.13 / 0.06	0.1	-40.00% (-0.04)	―	―
May 22, 2025	2025 (Q4)	0.11 / 0.10	0.06	66.67% (+0.04)	―	―
Feb 06, 2025	2025 (Q3)	0.10 / 0.12	0.08	50.00% (+0.04)	―	―
Nov 07, 2024	2025 (Q2)	0.11 / 0.13	0.04	225.00% (+0.09)	―	―
Aug 01, 2024	2025 (Q1)	0.07 / 0.10	-0.01	1100.00% (+0.11)	―	―
May 16, 2024	2024 (Q4)	0.06 / 0.06	0	―	―	―
Feb 08, 2024	2024 (Q3)	0.04 / 0.08	0	―	―	―
Nov 02, 2023	2024 (Q2)	<0.01 / 0.04	-0.05	180.00% (+0.09)	―	―
Aug 03, 2023	2024 (Q1)	-0.04 / -0.01	-0.12	91.67% (+0.11)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LSPD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$13.15	$12.44	-5.40%
May 22, 2025	$10.77	$9.88	-8.26%
Feb 06, 2025	$14.50	$12.60	-13.10%
Nov 07, 2024	$15.76	$16.95	+7.55%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.