Lightspeed Commerce beats Q1 revenue estimates, maintains FY27 outlook

Overview

• Canada commerce platform's fiscal Q1 revenue grew 17% organically, beating analyst expectations

• Adjusted EPS for fiscal Q1 slightly missed analyst expectations

• Company repurchased $86 mln in shares during the quarter

Outlook

• Lightspeed sees Q2 revenue of $316 mln to $326 mln, organic growth of 12% to 16%

• Company expects Q2 gross profit of $141 mln to $146 mln, organic growth of 10% to 14%

• Lightspeed maintains FY27 outlook, sees revenue of $1.225 bln to $1.265 bln, organic growth of 12% to 15%

Result Drivers

• CORE SEGMENT GROWTH - Revenue in North American retail and European hospitality rose 20% year-over-year, with customer locations up 10%

• PAYMENTS ADOPTION - Increased adoption of payments solutions drove higher ARPU and record payments penetration

Company press release: ID:nPn1sMXNBa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

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

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads

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• July 30 - Germany's Nemetschek Q2 revenue, profit rise on subscription, SaaS demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)