Overview

* Lightspeed Q1 2026 revenue grows 15% yr/yr, exceeding company outlook

* Gross profit increases 19% yr/yr, with gross margin improving to 42%

* Net loss widens to $49.6 mln, but Adjusted EBITDA rises to $15.9 mln

Outlook

* Lightspeed expects Q2 2026 revenue between $305 mln and $310 mln

* Company anticipates fiscal 2026 revenue growth of 10% to 12%

* Lightspeed projects Q2 2026 adjusted EBITDA of $17 mln to $19 mln

* Company forecasts fiscal 2026 adjusted EBITDA of $68 mln to $72 mln

Result Drivers

* CUSTOMER EXPANSION - Added ~1,700 net new customer locations, boosting revenue growth

* PRODUCT INNOVATION - New product releases and enhancements, including AI tools, drove strong impact

* TRANSACTION REVENUE - Transaction-based revenue increased 18% yr/yr, supporting overall revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Net -$49.57

Income mln

Q1 Basic -$0.35

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)