Toast shares plunge as weak Q2 profit outlook overshadows earnings beat

Toast Inc. (NYSE: TOST) shares fell 14.6% to close at $25.10 on May 13, 2026, after the restaurant technology company issued second-quarter EBITDA guidance below Wall Street expectations, outweighing stronger-than-expected first-quarter profit. Toast reported first-quarter 2026 revenue of $1.63 billion, in line with analyst forecasts. GAAP earnings were $0.20 per share, above the $0.16 consensus estimate. The company also raised its full-year EBITDA outlook to a midpoint of $800 million, slightly ahead of expectations. The sell-off reflected investor concern over near-term profitability despite the quarterly beat. Toast shares are down 26.4% in 2026 and trade about 49.2% below their 52-week high of $49.30 reached in August 2025.