Toast reported strong second-quarter 2026 results, with recurring gross profit streams growing over 28% and GAAP operating income margins expanding to 26%. The restaurant technology platform added a record 9,500 net locations during the quarter, surpassing its previous high by 1,000. CEO Aman Narang highlighted the company's AI initiatives, noting that Toast IQ Grow, its marketing agent, is the fastest-growing product the company has ever launched. The tool is designed to help restaurant customers drive business outcomes. Narang expressed confidence that the AI opportunity could help scale average revenue per user over time. The company is focusing on integrating AI agents with its software platform to deliver value to restaurant operators whilst expanding its presence in new markets.

Elena Gomez, president and CFO of Toast, sold 17,076 shares of Class A Common Stock for approximately $602,441 on 5 and 6 August, according to an SEC Form 4 filing. The sale was executed under a Rule 10b5-1 trading plan adopted on 12 December 2025, which allows automated, scheduled transactions. The transaction reduced Gomez's direct shareholding by 9% to nearly 168,000 shares, valued at $5.84 million as of 6 August. She maintains approximately 0.03% of the company's outstanding equity. Toast shares closed at $34.72 on 6 August, representing a 24% decline over the preceding 12 months. The cloud-based restaurant technology platform provider has a market capitalisation of $20.1 billion, with trailing twelve-month revenue of $6.8 billion and net income of $486 million.

Tabbed has integrated with Toast, a global restaurant technology platform, to bring frictionless mobile payments and AI-driven guest intelligence to hospitality venues. The integration uses Bluetooth technology to let diners automatically connect their phones to their bill, split payments, and leave without waiting for a check or payment terminal. Beyond payments, the system provides restaurant staff with real-time guest insights through the Toast POS, including dining history, preferences, and visit frequency. Tabbed's AI also suggests menu items like wine pairings or desserts based on what guests have ordered. One restaurant using Tabbed reduced payment-related service time by over nine minutes per table, with average tips increasing 24%. The platform aims to help restaurants turn tables faster whilst improving the guest experience and staff efficiency.