Toast reports Q3 2026 revenue beat, EPS miss and CFO transition while raising full‑year adjusted EBITDA outlook
Toast Inc. posted Q3 2026 revenue of $1.98 billion, up 21% year‑on‑year and in line with Wall Street estimates. GAAP earnings were $0.29 per share, but adjusted EPS of $0.29 fell short of the $0.37 forecast, sending the stock down about 6% after hours. The company announced CFO Elena Gomez will leave, with Michael Senno slated to take over on Jan. 1 2027, and lifted its full‑year adjusted EBITDA guidance to $840 million‑$850 million.
Why it matters
The higher full‑year adjusted EBITDA range signals management’s confidence in profitability despite the quarterly earnings miss, which may influence investors’ valuation models. The CFO departure adds a leadership uncertainty that could affect execution of the guidance.
Key facts
- 1Revenue was $1.98 billion, 21% above the prior‑year quarter and matching consensus estimates. finance.yahoo.com
- 2GAAP earnings per share were $0.29, beating the $0.25 consensus by 14.3%. finance.yahoo.com
- 3Adjusted earnings per share were $0.29, below analysts’ $0.37 forecast. finance.biggo.com
- 4Shares fell roughly 6% to $31.85 in after‑hours trading. finance.yahoo.com
- 5CFO Elena Gomez will step down; Michael Senno will become CFO on Jan. 1 2027. finance.biggo.com
- 6Full‑year adjusted EBITDA outlook was raised to $840 million‑$850 million from the prior $805 million‑$825 million range. finance.biggo.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.