NCR Atleos Reports Strong Q1 2026 Results with 7% Revenue Growth and 57% Net Income Increase

summarizeSummary

NCR Atleos reported strong Q1 2026 financial results with significant revenue and net income growth, though tempered by flat Adjusted EBITDA and negative cash flow.

check_boxKey Events

• Strong Q1 2026 Financial Performance

  Total revenue increased 7% year-over-year to $1.04 billion, with net income attributable to Atleos rising 57% to $22 million. Diluted EPS also grew 53% to $0.29.

• Self-Service Banking Drives Growth

  The Self-Service Banking segment saw a 12% revenue increase, led by 30% growth in ATM as a Service and 23% in hardware sales.

• Mixed Profitability and Cash Flow

  Adjusted EBITDA was flat at $172 million, and gross margin decreased due to higher tariffs and manufacturing costs. The company reported negative net cash used in operating activities ($9 million) and adjusted free cash flow ($13 million).

• Brink's Transaction Update

  Management reiterated the target to close the proposed transaction with The Brink's Company by the end of Q1 2027 and will not provide a financial outlook due to this pending event.

auto_awesomeAnalysis

NCR Atleos Corporation reported strong first-quarter 2026 financial results, driven by a 7% year-over-year increase in total revenue to $1.04 billion and a significant 57% rise in net income to $22 million. The company's Self-Service Banking segment, particularly ATM as a Service and hardware sales, showed robust growth. However, Adjusted EBITDA remained flat, and gross margin declined due to higher tariffs and manufacturing costs. The company also reported negative operating and free cash flow for the quarter. Management reiterated its target for closing the proposed transaction with The Brink's Company by the end of the first quarter of 2027, and will not provide a financial outlook due to this pending transaction.