PAR Technology (NYSE:PAR) reported first-quarter 2026 revenue growth and improved profitability, while management introduced formal financial guidance and emphasized its strategy around PAR Intelligence, the company’s AI-focused platform for restaurant and retail operators.
CEO Savneet Singh said the company is making a “purposeful shift” in operating strategy, with goals to materially improve profitability through operating leverage and use PAR Intelligence to expand its addressable market and long-term growth opportunities. Singh said PAR has “fundamentally been miscast in the public market” and said the company is now providing additional forward-looking financial guidance alongside its previously stated mid-teens annual recurring revenue growth target.
