NCR Voyix (VYX) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 20% YoY to $539M from $677M, primarily due to the hardware transition; excluding its impact, revenue declined 3%.

• Six enterprise VCP signings lifted RCV to $440M, up 151% YoY and 54% sequentially; 35 customers had embedded VCP applications.

• The Japan bank technology solutions sale closed September 30, supporting the strategic exit from banking and focus on Retail and Restaurants.

Financial highlights

• Q3 revenue was $539M; service revenue rose 5% to $504M while product revenue fell 82% to $35M. Recurring revenue grew 1% to $428M, and recurring software revenue rose to $208M from $202M.

• Adjusted EBITDA was $120M versus $123M; margin increased to 22.3% from 18.2%. Non-GAAP diluted EPS rose to $0.32 from $0.30.

• Income from continuing operations was $14M versus an $18M loss; operating income was $42M versus $14M, and net income attributable to common stockholders was $21M versus a $22M loss.

• Diluted EPS from continuing operations was $0.08 versus a $0.15 loss; overall diluted EPS was $0.15 versus a $0.16 loss.

• Adjusted free cash flow was $62M before restructuring; restructuring outflows were $43M, including a $24M one-time litigation payment.

Outlook and guidance

• FY26 revenue guidance remains $2,188M–$2,303M, now expected at the lower end; Adjusted EBITDA guidance is $432M–$447M, non-GAAP diluted EPS is $0.89–$0.92, and adjusted free cash flow before restructuring is $190M–$220M.

• More than three-quarters of $1.2B in remaining performance obligations is expected to convert to revenue over the next 12 months.

• Aloha Next availability to the SME market in 2027 is expected to support restaurant stabilization; the store-in-a-box offer remains on track for year-end launch.

• Liquidity is expected to cover operating needs, debt service, benefit contributions, environmental remediation, and restructuring commitments; 2026 contributions are projected at $12M for international pensions and $26M for postemployment plans.