NYSE$LSPD
Lightspeed Commerce Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Lightspeed Commerce Inc. announced financial results for the second quarter of fiscal year 2026, reporting strong revenue growth and improved gross profit margins, exceeding its own outlook.
Lightspeed delivered a strong second quarter for fiscal year 2026, with revenue reaching $319.0 million, a 15% year-over-year increase, and gross profit margins improving to 42%. The company also achieved positive cash flow from operating activities of $25.5 million and significantly increased Adjusted Free Cash Flow to $18.0 million, demonstrating successful execution of its transformation strategy and disciplined financial management.
- Revenue for the quarter was $318,963,000, marking a 15% increase year-over-year and surpassing the company's outlook.
- Gross profit improved to $135,163,000, with gross profit margins reaching 42.4%, an 18% increase year-over-year.
- The company generated $25,541,000 in cash flow from operating activities and $18,020,000 in Adjusted Free Cash Flow, a substantial increase from $1,613,000 in the prior year.
- Lightspeed added approximately 2,000 net Customer Locations across retail in North America and hospitality in Europe, and Gross Transaction Volume (GTV) grew 15% year-over-year.
Headline financials
Revenue & EPS history
Lightspeed · Revenue · Quarterly
$319M
Revenue by segment
Lightspeed · $303M total across 2 segments · Q3 2026
- Transaction-based$209M+15.2%69.1%
- Subscription$93.7M+6.3%30.9%
Forward guidance
Lightspeed is raising its full-year revenue, gross profit, and Adjusted EBITDA outlook for Fiscal 2026 due to strong performance in the first half. The company expects to generate break-even or better Adjusted Free Cash Flow for Fiscal 2026, aligning with its long-term targets.
Tailwinds
- Raised full-year revenue outlook for Fiscal 2026.
- Raised full-year gross profit outlook for Fiscal 2026.
- Raised full-year Adjusted EBITDA outlook for Fiscal 2026.
- Expects to generate break-even or better Adjusted Free Cash Flow in Fiscal 2026.
- Financial outlook remains consistent with three-year target gross profit CAGR of approximately 15-18% and Adjusted EBITDA CAGR of approximately 35%.
Headwinds
- Outlook is subject to macroeconomic factors like inflation, interest rates, and consumer spending trends.
- Potential for instability in the banking sector and exchange rate fluctuations.
- Risks related to geopolitical events such as military conflicts and foreign policy shifts.
- Challenges in attracting and retaining high GTV customers and specific regional customer segments.
- Ability to successfully execute pricing and packaging initiatives and manage customer churn.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2026
-2.3%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-0.4%
Avg return
30 days after
40%
10 / 25 earnings
Positive
+22.5%
Q4 2021
Best reaction
-28.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -6.9% | -1.8% | +4.7% | |
| Q3 2026 | -7.8% | -8.4% | -5.2% | |
| Q2 2026 | +16.0% | +13.5% | +0.0% | |
| Q1 2026 | -5.4% | -5.4% | -5.9% | |
| Q4 2025 | -8.3% | +0.9% | +1.1% | |
| Q3 2025 | -9.5% | -9.4% | -21.3% | |
| Q2 2025 | +8.3% | +16.8% | +9.8% | |
| Q3 2024 | -28.1% | -31.4% | -30.7% | |
| Q2 2024 | +19.9% | +22.3% | +36.3% | |
| Q1 2024 | +9.8% | +4.4% | +0.9% | |
| Q4 2023 | -10.4% | -9.8% | +10.0% | |
| Q3 2023 | -11.4% | -4.8% | -16.5% | |
| Q2 2023 | -16.4% | -15.7% | -3.9% | |
| Q1 2023 | -10.9% | -10.5% | -27.5% | |
| Q4 2022 | +13.9% | +6.5% | +5.0% | |
| Q3 2022 | -10.9% | -10.6% | -35.1% | |
| Q2 2022 | -26.2% | -28.0% | -55.2% | |
| Q1 2022 | +9.0% | +4.5% | +34.5% | |
| Q4 2021 | +22.5% | +26.7% | +39.2% | |
| Q3 2021 | -3.1% | -2.6% | -21.8% | |
| Q2 2021 | +14.3% | +13.1% | +74.3% | |
| Q1 2021 | -0.3% | — | — | |
| Q4 2019 | -17.5% | — | — | |
| Q3 2019 | +0.7% | — | — | |
| Q2 2019 | +0.1% | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — |
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