Lightspeed Commerce (LSPD): FQ3 2026 Growth Fueled by North American Retail, European Hospitality

Group 1 - Lightspeed Commerce Inc. reported FQ3 2026 revenue of $312.3 million, an 11% year-over-year increase, with adjusted EBITDA rising 22% to $20.2 million and achieving positive free cash flow of $15 million for the second consecutive quarter [1][2] - Growth was primarily driven by the North American retail and European hospitality sectors, which experienced a combined revenue increase of 21%, and the company added 2,600 net new customer locations during the quarter [1][4] - Financial margins improved, with total gross margin increasing to 43% from 41% the previous year, and software gross margin reaching 82% due to cloud spend optimization and AI-driven efficiencies [2][4] Group 2 - Payment penetration increased to 46%, up from 42% the previous year, indicating a growing adoption of payment solutions among customers [4] - The company is focusing on integrating AI to enhance retail and hospitality workflows, particularly in inventory optimization and customer experience, to drive upsells [4] - To support growth, Lightspeed Commerce hired 150 new sales representatives to enhance location growth and outbound sales performance [4][5]