Toast Q1 2026 results showed restaurant technology demand is still growing, but expectations were high. Toast reported total revenue of $1.63 billion for the quarter ended March 31, up 22% year over year.
StreetInsider reported that Toast missed Q1 EPS by 7 cents, while Investing.com's after-hours movers list showed TOST down 6% after the release. Traders focused on the earnings miss and conservative Q2 adjusted EBITDA guidance.
What happened
Toast announced first-quarter results on May 7 at 4:05 p.m. ET. The company reported diluted EPS of $0.20 versus $0.09 a year earlier and gave second-quarter adjusted EBITDA guidance of $185 million to $195 million.
Why it matters
Toast is a payments and software read on restaurants, a consumer category exposed to labor costs, food inflation and changing dining habits. Its guidance matters for fintech, small-business software and restaurant-exposure stocks.
Market impact
The stock reaction suggests investors wanted a stronger beat or more aggressive guide. For high-growth vertical software names, in-line revenue is not always enough when valuation and macro risk are both elevated.
Key numbers
- Q1 revenue: $1.63 billion.
- Revenue growth: 22% year over year, according to MarketBeat.
- Diluted EPS: $0.20 versus $0.09 in Q1 2025.
- StreetInsider reported EPS missed by 7 cents.
- Q2 adjusted EBITDA guidance: $185 million to $195 million.
- Investing.com after-hours movers listed TOST