Toast, Inc. (TOST) · wyniki II kw. 2026 i wycena

Przy wzroście 20,0% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $51.87 na akcję — kurs jest o 36% poniżej niej. Obecna cena zakłada wzrost o 13,6% rocznie.

1. Prognoza

   Retail sales capacity has doubled over the last year and is expected to continue scaling to meet the market opportunity.

   Cytat ze źródła

   “We're also testing into other parts of the broader retail TAM and will expand further where we see product market... We also recently launched fuel payments, bringing our first 2 gas station convenience stores out of the platform, a large opportunity for us over time. Internally, we talk a lot about how Toast emerged as the leading provider for restaurants over the past decade and how we have a broader opportunity to not to scale within restaurants that support local businesses of all types with our platform.”

2. Liczba

   TOST grew recurring gross profit streams over 28% and expanded GAAP operating income margins to 26% in Q2.

   Cytat ze źródła

   “In Q2, we grew recurring gross profit streams over 28% and expanded GAAP operating income margins to 26%.”

3. Słabnie

   2026 margin guidance still expects modest expansion, matching the plan set at the year's start.

   Cytat ze źródła

   “And so that's actually the key reason why Toast IQ Grow has seen such really good early signal where we're... And for a lot of these functions, the data that is necessary to do marketing is actually coming from Toast. And we've seen 8% lift in GPV, which is a really good early signal there.”

Management was more positive answering analysts than in its script — usually a sign it was comfortable with the details it was asked about.

Zdania, które wpłynęły na ton

“On a GAAP basis, we are operating above Rule of 50 with recurring gross profit growth plus operating margin reaching a high of 57% in 2Q, demonstrating the strength of...”

“With our momentum and the opportunities ahead, we believe reinvesting upside into long-term growth areas with high potential ROI is the best path to maximize our long-term enterprise value.”

“And so really across the board, where we see opportunity we're leaning in, and Elena and team do a great job of making sure that while we're leaning into growth,...”