NCR Voyix Corp (VYX) Form 10-Q — Aug 5, 2026
NCR Voyix reported Q2 2026 total revenue of $523 million, down 21% year over year, with the decline driven primarily by the Hardware Business Transition to Ennoconn, under which hardware sales switched from gross revenue to net commission revenue recognition effective April 1, 2026. Underlying quality metrics improved: recurring revenue grew 3% to $435 million and reached 83% of total revenue, gross margin expanded to 29.8% from 22.7%, and Adjusted EBITDA rose 5% to $98 million. Quarterly net income attributable to NCR Voyix was $2 million, with a $(0.01) loss per share after preferred dividends.
Key figures
- Eps
- -$0.01 (Q2 2026 diluted); -$0.07 (H1 2026 diluted)
- Revenue
- $523 million (Q2 2026); $1,129 million (H1 2026)
- Net Income
- $2 million Q2 net income attributable to NCR Voyix; $(3) million H1; $(3) million H1 loss from continuing operations
- Total Debt
- $1.1 billion ($1,101 million)
- Revenue Yoy
- -21% (Q2 2026); -11% (H1 2026), primarily presentation-driven by Hardware Business Transition
- Total Assets
- $3,852 million
- Cash Position
- $237 million
- Shares Outstanding
- 138,069,898 (as of July 29, 2026)
- Ach Fraud
- $34 million fraudulent disbursements; ~$16 million recovered
- Capex H1
- $77 million
- Senior Notes
- $650 million 5.000% due 2028; $403 million 5.125% due 2029; $52 million 5.250% due 2030
- Gross Margin Q2
- 29.8% vs 22.7% prior year
- Retail Revenue Q2
- $365 million (-20% YoY)
- Adjusted EBITDA H1
- $176 million (+5% YoY vs $167 million)
- Adjusted EBITDA Q2
- $98 million (+5% YoY vs $93 million)
- Borrowing Capacity
- $474 million available under senior secured credit facilities
- Japan Bank Sale Price
- $32 million expected purchase price, closing expected by end of 2026
- Ransomware Incident
- $47 million cumulative costs; $37 million insurance recovered
- Recurring Revenue Q2
- $435 million (83% of total revenue, +3% YoY)
- Share Repurchases H1
- $20 million; $300 million total repurchase authority remaining
- Operating Cash Flow H1
- $59 million vs $(284) million prior year (prior year included $284 million Digital Banking Sale tax payment)
- Hardware Transition H1
- $123 million inventory sold to Ennoconn; $15 million loss recorded; $67 million collected on receivables
- Restaurants Revenue Q2
- $158 million (-23% YoY)
- Adjusted Free Cash Flow H1
- $56 million (non-GAAP)
- Retail Adjusted EBITDA Q2
- $97 million (+20% YoY)
- Restaurants Adjusted EBITDA Q2
- $58 million (-15% YoY)
- Remaining Performance Obligations
- $1.1 billion
- Series APreferred Redemption Value
- $207 million; converts to up to 11.9 million common shares (~10% of outstanding)
Price after filing
Close on the filing date to close N calendar days later (from $8.64). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.