--- title: "NCR Voyix | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 606 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285541913.md" datetime: "2026-05-07T11:34:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285541913.md) - [en](https://longbridge.com/en/news/285541913.md) - [zh-HK](https://longbridge.com/zh-HK/news/285541913.md) --- # NCR Voyix | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 606 M Revenue: As of FY2026 Q1, the actual value is USD 606 M, beating the estimate of USD 579.6 M. EPS: As of FY2026 Q1, the actual value is USD -0.06, beating the estimate of USD -0.235. EBIT: As of FY2026 Q1, the actual value is USD -4 M. #### Consolidated Financial Performance - **Total Revenue**: Decreased by 1% to $606 million in 2026 from $612 million in 2025. - **Product Revenue**: Decreased by 2% to $149 million in 2026 from $152 million in 2025. - **Service Revenue**: Decreased by 1% to $457 million in 2026 from $460 million in 2025. - **Recurring Revenue**: Increased by 4% to $419 million in 2026 from $404 million in 2025, comprising 69% of total consolidated revenue in 2026. - **Software and services revenue**: Decreased by 1% to $472 million in 2026 from $475 million in 2025. - **Hardware revenue**: Decreased by 2% to $134 million in 2026 from $137 million in 2025. - **Total Gross Margin**: Decreased by 3% to $130 million in 2026 from $134 million in 2025. - **Product Gross Margin**: Remained flat at $7 million in both periods. - **Service Gross Margin**: Decreased by 3% to $123 million in 2026 from $127 million in 2025. - **Selling, General and Administrative Expenses**: Decreased by 4% to $110 million in 2026 from $115 million in 2025. - **Research and Development Expenses**: Decreased by 3% to $39 million in 2026 from $40 million in 2025. - **Income (Loss) from Operations**: Improved to -$19 million in 2026 from -$21 million in 2025. - **Interest Expense**: Remained flat at $15 million in both periods. - **Other Income (Expense), net**: Shifted to an expense of -$7 million in 2026 from income of $8 million in 2025, including $12 million in strategic initiative costs in 2026. - **Income Tax Benefit from Continuing Operations**: Increased to -$39 million in 2026 from -$7 million in 2025. - **Net Income (Loss) from Continuing Operations Attributable to NCR Voyix**: Improved to -$2 million in 2026 from -$21 million in 2025. - **Income (Loss) from Discontinued Operations, net of tax**: Was -$3 million in 2026 compared to $4 million in 2025. - **Adjusted EBITDA (total)**: Increased by 5% to $78 million in 2026 from $74 million in 2025. #### Segment Performance - **Retail Segment**: - **Revenue**: Increased by 2% to $427 million in 2026 from $420 million in 2025. - **Recurring Revenue**: Grew by 5% in 2026 compared to 2025. - **Adjusted EBITDA**: Increased by 20% to $78 million in 2026 from $65 million in 2025. - **Restaurants Segment**: - **Revenue**: Decreased by 6% to $179 million in 2026 from $191 million in 2025. - **Recurring Revenue**: Grew by 1% in 2026 compared to 2025. - **Adjusted EBITDA**: Decreased by 8% to $54 million in 2026 from $59 million in 2025. #### Cash Flow and Liquidity - **Net Cash Provided by (Used in) Operating Activities**: Shifted to $42 million provided in 2026 from -$42 million used in 2025. - **Net Cash Provided by (Used in) Investing Activities**: Was -$21 million in 2026 compared to -$35 million in 2025. - **Net Cash Provided by (Used in) Financing Activities**: Was -$18 million in 2026 compared to -$74 million in 2025. - **Adjusted Free Cash Flow-Unrestricted**: Was $30 million in 2026. - **Capital Expenditures**: Totaled $36 million in 2026 compared to $39 million in 2025. - **Cash and Cash Equivalents**: Totaled $232 million as of March 31, 2026. - **Total Debt**: Was $1.1 billion as of March 31, 2026. - **Borrowing Capacity**: $475 million under the revolving credit facility as of March 31, 2026. - **Pension Contributions**: Expected to be $12 million to international pension plans in 2026. - **Postemployment Contributions**: Expected to be $21 million to postemployment plan in 2026. #### Other Key Information - **Cyber Ransomware Incident**: Cumulative expenses of $47 million incurred, with $37 million recovered under insurance policies as of March 31, 2026. - **Fraudulent ACH Disbursements**: Cumulative amount of $34 million identified, with approximately $16 million recovered as of March 31, 2026. - **Share Repurchase Program**: Repurchased $9 million of common stock in Q1 2026, with $291 million remaining repurchase authority. - **Japan Bank Technology Solutions Sale**: A definitive agreement was signed to sell this business for an expected $32 million in cash, aiming to close by the end of 2026. - **Hardware Business Transition**: Sold $101 million of inventory to Ennoconn in Q1 2026, recording a -$12 million loss in Other income (expense), net. - **Environmental Matters (Kalamazoo River)**: Total reserve for the Kalamazoo River was $110 million as of March 31, 2026. #### Strategic Initiatives and Outlook NCR Voyix Corporation’s strategy focuses on advancing its position as a platform-powered leader in unified commerce for shopping and dining by delivering modern SaaS solutions, expanding integrated payment solutions, scaling service offerings, and investing in platform innovation. 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