Agilysys reported its Q2 fiscal year 2026 results, corresponding to the third quarter of calendar year 2025, with net revenue of $79.3 million—an increase of 16.1% year‑over‑year. This marks the company’s 15th consecutive quarter of record revenue growth.
Recurring revenue, which includes subscription and maintenance charges, grew 44.3% to $30.3 million and represented 65.6% of total revenue in the prior quarter, underscoring the firm’s successful shift to a subscription‑first model. The company’s non‑GAAP profit was $0.40 per share, surpassing the consensus estimate of $0.38 per share, while GAAP diluted earnings per share were $0.41, compared with $0.05 a year earlier.
Net income for the quarter was $11.71 million, adjusted EBITDA reached $16.36 million, and free cash flow amounted to $15 million. Agilysys raised its full‑year revenue guidance to $316.5 million from the previous $310 million, a lift that exceeds the consensus forecast of $76.94 million and signals confidence in sustained growth momentum.
The company continues to emphasize cloud‑native solutions and AI‑driven enhancements, reinforcing its competitive moat and positioning it for continued expansion in the hospitality technology market.
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