Noesion Radarnoesion.ai
Market2026-08-10

On an August 2026 second-quarter earnings call, Toast co-founder and CEO Aman Narang said the restaurant software and payments company will build AI into more of its customers' workflows, arguing that most operators lack time to use existing tools and often outsource marketing, payroll and bookkeeping. Toast IQ Grow, a digital marketing product introduced in May 2026 that optimizes restaurant websites, SEO, digital ordering and social media and ties campaigns to point-of-sale orders, is expected to reach $10 million in annual revenue, though no timing was given. Narang said Toast will add "agentic products" for demand forecasting, labor scheduling, income tax help and food costs. Toast reported Q2 net income of $154 million (up from $80 million a year earlier), revenue up 23% to $1.91 billion, a record 9,500 new locations for about 180,000 total, and annualized recurring run-rate up 25% to $2.4 billion. It competes with Global Payments' Genius, Block's Square and Fiserv's Clover.

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