Core Viewpoint - Morgan Stanley analyst Josh Baer has lowered the price target for Lightspeed (LSPD) to $13.50 from $15 while maintaining an Equal Weight rating on the shares, indicating a cautious outlook on the stock's performance [1]. Financial Performance - The Q3 results for Lightspeed showed evidence of yield on transition and investments towards growth engine markets, suggesting potential for future growth despite the lowered price target [1].

Key Takeaways LSPD's transaction-based revenues rose 15% Y/Y to $209.4M, making up 67.1% of total revenues.Lightspeed Commerce saw total ARPU climb 11% Y/Y to about $660 on higher payment adoption.LSPD generated $28.9M in operating cash flow, sharply up from $2.7M a year earlier.Lightspeed Commerce (LSPD) reported fiscal third-quarter earnings of 15 cents per share, beating the Zacks Consensus Estimate by 21.66%. The bottom line increased 25% year over year.In the third quarter, LSPD reported revenues of $3 ...

Core Viewpoint - Lightspeed Commerce Inc. is experiencing strong financial performance, with a positive outlook from BTIG suggesting significant potential upside for investors. Financial Performance - For the quarter ending December 2025, Lightspeed reported revenue of $312.35 million, reflecting an 11.5% year-over-year increase, surpassing Wall Street's expectations with a positive surprise of 0.37% [2][6] - The company's earnings per share (EPS) improved to $0.15 from $0.12 in the previous year, exceeding the consensus estimate of $0.12 and delivering a significant surprise of 21.66% [3][6] Stock Performance - Currently, Lightspeed's stock (LSPD) is trading at $9.65, down approximately 4.50% or $0.46, with a trading range today between $9.31 and $10.36 [4] - Over the past year, the stock has fluctuated between a high of $14.34 and a low of $7.34, indicating market volatility [4] Market Position - Lightspeed has a market capitalization of approximately $1.31 billion and a trading volume of 1,630,954 shares, maintaining its status as a significant player in the commerce technology sector [5]

Lightspeed Commerce Inc. (LSPD) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +21.66%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.16, delivering a surprise of +45.45%.Over the last four quarters, t ...

Lightspeed Commerce (NYSE:LSPD) Q3 2026 Earnings call February 05, 2026 08:00 AM ET Company ParticipantsAndrew Harte - DirectorAsha Bakshani - CFODan Perlin - Managing DirectorDax Dasilva - Founder and CEODominic Ball - VP of Equity ResearchGus Papageorgiou - Head of Investor RelationsKoji Ikeda - Director of Enterprise Software Equity ResearchMartin Toner - Managing Director of Institutional Research, Growth, and InnovationRaimo Lenschow - Managing DirectorThanos Moschopoulos - Managing Director of Equity ...

Financial Data and Key Metrics Changes - Revenue for Q3 2026 was reported at just over $312 million, exceeding expectations, with a year-over-year growth of 21% in the North America Retail and European Hospitality segments [5][14] - Adjusted EBITDA reached $20.2 million, reflecting a 22% increase from $16.6 million in Q3 last year, and represented 15% of gross profit, moving closer to the long-term target of 20% [12][22] - Free cash flow was positive for the second consecutive quarter at $15 million, contributing to an increase in total cash balance by over $31 million since Q1 [12][23] Business Line Data and Key Metrics Changes - Customer locations in growth engines grew by 9% year-over-year, adding approximately 2,600 net new locations in Q3, with total customer locations reaching approximately 148,000 [7][14] - Software revenue grew by 6% year-over-year, with growth engines delivering a 13% increase, while software ARPU rose by 4% year-over-year [10][16] - Transaction-based revenue was $209.4 million, up 15% year-over-year, with GPV growing by 19% year-over-year [17][19] Market Data and Key Metrics Changes - GTV grew by 8% to $25.3 billion, with same-store sales increasing in both retail and hospitality across all main geographies [18] - Payments penetration increased to 46%, up from 42% last year, indicating a strong upward trend in payment adoption [14][16] - Gross profit grew by 15% year-over-year, outpacing revenue growth of 11%, with total gross margin improving to 43% from 41% last year [19][21] Company Strategy and Development Direction - The company is focused on two growth engines: North America Retail and European Hospitality, which together account for two-thirds of total revenue [5][14] - Key priorities include growing customer locations, expanding subscription ARPU, and improving Adjusted EBITDA and free cash flow [6][12] - The introduction of innovative products, such as Lightspeed AI and Marketplace, aims to enhance customer engagement and drive revenue growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the health of end markets, noting positive same-store sales growth across all regions, with no significant surprises in the macro environment [32][33] - The company anticipates continued upward trends in payments penetration and expects to generate positive free cash flow for the full fiscal year [15][19] - The outlook for Q4 includes expected revenue of approximately $280 million to $284 million, with a focus on maintaining profitability despite seasonal trends [28][81] Other Important Information - The company ended Q3 with approximately $479 million in cash, an increase of about $16 million from the previous quarter, and has $200 million remaining under its share repurchase authorization [24][25] - The appointment of Gabriel Benavides as Chief Revenue Officer is expected to accelerate go-to-market performance and expand software ARPU [29] Q&A Session Summary Question: Health of end markets and same-store sales growth - Management reported healthy same-store sales growth across all regions, with strong performance in highly penetrated verticals, although some deceleration was noted in seasonal categories [32][33] Question: Sustainability of software gross margins - Management expressed confidence in maintaining software gross margins above 80%, attributing improvements to operational efficiency and cost optimization [36][37] Question: Differentiated software capabilities and AI disruption - Management highlighted proprietary payments and wholesale data as key differentiators, with ongoing investments in AI to enhance workflows and customer insights [41][42] Question: Growth trajectory for software and pricing strategy - Management indicated that while pricing changes impacted growth, the focus remains on expanding the growth engines and enhancing product offerings [49][50] Question: Payment penetration in efficiency markets - Management noted that payments penetration in efficiency markets is currently in the low 30s, with expectations for continued growth as contracts renew [94][95]

Lightspeed Commerce (NYSE:LSPD) Q3 2026 Earnings call February 05, 2026 08:00 AM ET Speaker10Good morning, ladies and gentlemen, and thank you for standing by. My name is Kelvin, and I will be your conference operator today. At this time, I would like to welcome everyone to Lightspeed's third quarter 2026 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this ...

Third Quarter FY2026 Results February 5, 2026 Disclaimer General All references in this presentation to the "Company", "Lightspeed", "us" or "we" are to Lightspeed Commerce Inc. All references in this presentation to dollars, "$" or "US$" are to United States dollars, and all references to Canadian dollars and "C$" are to Canadian dollars. Cautionary Note Regarding Forward-Looking Information This presentation contains "forward-looking information" and "forward-looking statements" (collectively, "forward-lo ...

Revenue of $312.3 million exceeded outlook Gross profit margins improved to 43% with gross profit increasing 15% year-over-year 1 Positive cash flow from operating activities of $28.9 million, and Adjusted Free Cash Flow of $14.9 million Across retail in North America and hospitality in Europe: Revenue grew 21% year-over year, GTV grew 16% year-over-year and ~2,600 net Customer Locations were added in the quarter Lightspeed reports in US dollars and in accordance with IFRS Accounting Standards. MONTREAL, Fe ...

Key Takeaways LSPD's Q3 performance is expected to benefit from sales execution and continued customer mix improvements.LSPD is expected to see payments penetration gains, partly offset by seasonal softness in Europe.The Zacks Consensus Estimate pegs LSPD's Q3 EPS at 12 cents, unchanged over the past 30 days.Lightspeed Commerce (LSPD) is scheduled to release its third-quarter fiscal 2026 results on Feb. 5.The Zacks Consensus Estimate for fiscal third-quarter earnings is pegged at 12 cents per share, unchang ...