# Toast raises 2026 profit outlook as it plans further investment

_Published Wednesday, November 4, 2026 at 12:18 PM EST · Products · Latest · Tier 2 — Notable_

![Toast raises 2026 profit outlook as it plans further investment — Primary](https://s.yimg.com/lo/mysterio/api/c86d9fb3fb345f64f823fea608da2ac224f8761ae9d320adcf34ccbaea37980a/lightyear_networkapi/resizefill_w1200%3Bquality_80%3Bformat_webp/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fzacks.com%2F33f669e8a9c3936035e92c2fbad87bee.jpg)

Toast raised its 2026 adjusted EBITDA guidance to $840-$850 million from $805-$825 million during its third-quarter earnings call, Yahoo Finance reported. The company also increased its recurring gross profit growth outlook to 26% from 23-25% and reported quarterly revenue of $1.98 billion.

Incoming CFO Michael Senno said adjusted EBITDA margins should improve only modestly in 2027 as Toast invests in emerging opportunities. Management said core-business margins already exceed 40%, providing capacity to finance expansion. CEO Aman Narang said Toast IQ Grow, which offers agents for search visibility, reviews and promotions, is on track to reach $10 million in annual recurring revenue by year-end.

## Sources

- [Yahoo Finance](https://finance.yahoo.com/technology/ai/articles/toast-q3-earnings-call-highlights-140300941.html)

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Canonical: https://techandbusiness.org/newswire/z9ynEHutvqK6GhrhvaLo9O
Published: 2026-11-04T17:18:09.661Z
Story chronology: 2026-11-04T14:03:00.000Z
Retrieved: 2026-11-04T22:01:57.842Z
Publisher: Tech & Business (techandbusiness.org)