NCR Voyix Corporation reported a total revenue of $606 million for the first quarter of 2026, a decrease of 1% compared to $612 million in the same period of 2025. The decline was attributed to a 2% drop in product revenue, which totaled $149 million, and a 1% decrease in service revenue, which amounted to $457 million. Despite the overall revenue decline, recurring revenue increased by 4%, making up 69% of total revenue, driven primarily by growth in payments processing and hardware maintenance services. The company recorded a net loss of $5 million, an improvement from a loss of $17 million in the prior year.
In terms of operational performance, NCR Voyix's Adjusted EBITDA rose to $78 million, reflecting a 5% increase from $74 million in the previous year. The company’s gross margin remained stable at 21.5%, with product gross margin flat year-over-year and service gross margin slightly declining due to lower installation and SaaS solutions revenues. Selling, general, and administrative expenses decreased to $110 million from $115 million, attributed to cost reduction initiatives.
Strategically, NCR Voyix has undergone significant changes, including the spin-off of its ATM-focused business, NCR Atleos, completed on October 16, 2023. This transaction has been reflected in the financial statements as discontinued operations. Additionally, the company is transitioning its hardware business to an outsourced design and manufacturing model with Ennoconn Corporation, which is expected to enhance operational efficiency and reduce costs. The company also signed a definitive agreement to sell its bank technology solutions business in Japan for $32 million, further aligning its focus on core retail and restaurant segments.
As of March 31, 2026, NCR Voyix reported total assets of $3.923 billion and total liabilities of $2.788 billion, resulting in stockholders' equity of $928 million. The company had cash and cash equivalents of $232 million and total debt of $1.1 billion. Looking ahead, NCR Voyix anticipates continued growth in recurring revenue streams and plans to invest in innovation to enhance its platform capabilities. However, the company remains cautious about macroeconomic conditions, including inflationary pressures and geopolitical uncertainties, which could impact future performance.
About NCR VOYIX Corp
NCR Voyix is a global provider of digital commerce solutions for retail and restaurant industries. Its offerings include cloud-based software, point-of-sale and self-checkout hardware, payment processing, data analytics, and managed services. Serving businesses of all sizes worldwide, the company focuses on driving digital transformation, operational efficiency, and customer engagement through innovative, integrated technology platforms and end-to-end solutions.
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