#Canada #Montreal #financial results #Lightspeed Commerce #Q2 2026

Introduction

In an impressive display of growth, Lightspeed Commerce Inc. has revealed its financial performance for the second quarter of the 2026 fiscal year. The company, which offers a unified omnichannel platform to retail and hospitality sectors, reported $319 million in revenue for the quarter, marking a 15% year-over-year increase. This solid performance not only exceeded market expectations but also showcased the efficacy of Lightspeed's strategic initiatives, particularly its innovations powered by artificial intelligence.

Financial Performance Overview

Lightspeed's gross profit margin improved to 42%, reflecting an 18% increase in gross profit compared to the same quarter last year. This positive trend signifies robust operational efficiency and effective cost management strategies. Moreover, the company generated a positive cash flow of $25.5 million from its operating activities, alongside an Adjusted Free Cash Flow of $18 million, a dramatic rise from $1.6 million a year earlier. This enhanced cash position underlines Lightspeed's commitment to sustainable growth and strategic investment in its future.

Customer Expansion and New Initiatives

The quarter was also marked by the addition of approximately 2,000 new customer locations across its North American retail and European hospitality sectors. This growth emphasizes the increasing adoption of Lightspeed’s platform, which currently supports around 146,000 customer locations globally. The Gross Transaction Volume (GTV) also saw a 15% year-over-year increase, totaling $25.3 billion, further underscoring the strong demand for Lightspeed's solutions.

To support this growth, Lightspeed introduced several innovative product features aimed at enhancing user experience and operational capabilities. These include:

• - An AI Showroom for retailers, allowing for a streamlined online presence for customers.
• - A newly launched NuORDER Marketplace, which facilitates easier product ordering across various brands.
• - An integration hub for hospitality services connecting over 200 third-party applications to improve operational efficiency.
• - Enhanced functionality like Timed Menus for POS systems, allowing restaurants to modify offers dynamically.

Positive Market Outlook

Looking ahead, Lightspeed is optimistic about its future trajectory. The management raised its revenue and profit growth forecasts for the fiscal year 2026 following the strong results of the first half. Lightspeed estimates that it will achieve revenue growth of at least 12%, with gross profits expected to grow at a minimum rate of 15% year-over-year.

Lightspeed's Chief Financial Officer, Asha Bakshani, commented on the quarter, stating, "Our renewed strategic focus is allowing us to scale at an accelerated pace. The significant growth in Adjusted Free Cash Flow demonstrates our ability to invest for growth while continuing to strengthen profitability."

Conclusion

Lightspeed Commerce continues to carve out its identity as a leader within the retail and hospitality technology space. With strong revenue growth, improved margins, and effective execution of its strategic initiatives, the company demonstrates a solid foundation for future expansion. As it continues to innovate and grow, stakeholders can remain confident in Lightspeed's capability to deliver exceptional value and results as the market evolves.

For more detailed information about the financial results, future outlook, and to listen to the conference call discussing these updates, please refer to Lightspeed's official investor relations portal.

About Lightspeed Commerce Inc.
Founded in Montréal, Canada, in 2005, Lightspeed Commerce specializes in providing a unified platform for retail and hospitality businesses, aiming to accelerate growth and enhance customer experiences across various channels. The company is dual-listed on the New York Stock Exchange and the Toronto Stock Exchange.

For more information, visit: Lightspeed HQ