NCR Atleos Reports Strong Q1 2026 Results with 7% Revenue Growth and 57% Net Income Increase
NATL sits 87% above its 52-week low of $23.56.
Summary
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.
Key Events · Earnings and Guidance · NATL
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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.
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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.
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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).
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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.
Analysis · NATL · Technology
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.
At the time of this filing, NATL was trading at $44.00 on NYSE in the Technology sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $23.56 to $48.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.