Core Viewpoint - NCR Voyix has announced the sale of its bank technology solutions business in Japan to NTT DATA, with the transaction expected to close by the end of 2026 [1][3]. Company Overview - NCR Voyix Corporation is a global leader in unified commerce for shopping and dining, headquartered in Atlanta, Georgia, serving customers in over 35 countries [5][13]. - The company reported revenues of $2.7 billion for the year 2025 [8][13]. Transaction Details - The business being sold has provided specialized technology and mission-critical services to financial institutions in Japan, including foreign exchange, loan, call center, video teller, and network solutions [2]. - The sale is intended to ensure continuity for existing clients while creating new opportunities for the business and its employees within NTT DATA's global financial IT services portfolio [3]. Strategic Focus - The transaction allows NCR Voyix to concentrate on its core retail and restaurant businesses while positioning the Japan bank technology business for long-term success [4]. - NTT DATA is expected to enhance service delivery for financial institutions by leveraging the established expertise of the acquired business [3][4]. NTT DATA Overview - NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100, and is recognized for its capabilities in AI, cloud, security, and digital infrastructure [6].

Company Overview - NCR Voyix is a global provider of technology solutions focused on the retail, hospitality, and financial services sectors, leveraging a broad portfolio of software, hardware, and managed services to enhance customer engagement and streamline operations [5][6] - The company generates revenue through technology sales, recurring service contracts, transaction processing, and managed network services, serving clients across North America, EMEA, and Asia Pacific [6][7] Financial Metrics - Revenue for the trailing twelve months (TTM) is reported at $2.69 million [3] - Net income from continuing operations attributable to NCR Voyix (TTM) is $42 million [3] - Market capitalization stands at $0.932 billion [3] - As of March 12, 2026, the stock price is $6.71 [3] Recent Developments - AREX Capital Management disclosed the sale of 251,536 shares of NCR Voyix, valued at approximately $2.73 million based on quarterly average pricing [1] - Following the sale, AREX's stake in NCR Voyix decreased from about 10.8% to 3.52% of its portfolio, reflecting an overall position decline of $3.44 million [5] - As of February 17, 2026, shares were priced at $9.26, representing a 24.3% decline over the past year, underperforming the S&P 500 by 36.57 percentage points [5]

Group 1: Company Overview - NCR Voyix Corporation, trading on the NYSE under the symbol VYX, is a significant player in the unified commerce sector, focusing on shopping and dining solutions [1] - The company has a market capitalization of approximately $1.14 billion and a trading volume of 3,140,684 shares [5] Group 2: Financial Performance - VYX reported earnings of $0.31 per share for Q4 2025, surpassing the Zacks Consensus Estimate of $0.29, marking a positive earnings surprise of +6.90% [2] - The company generated $720 million in revenue for the quarter ending December 2025, exceeding the Zacks Consensus Estimate by 4.27% and showing an increase from $682 million in the same quarter the previous year [3] Group 3: Stock Performance and Market Sentiment - The current stock price of VYX is $8.24, which has experienced a decrease of 9.35% with a change of $0.85, but has shown resilience with fluctuations between a low of $8.17 and a high of $8.97 today [4] - Lane Parker from Stifel Nicolaus set a price target of $12 for NYSE:VYX, suggesting a potential increase of 45.63% from its current trading price, reflecting optimism about the company's future performance [1][6]

By Karen Roman NCR Voyix Corporation (NYSE: VYX) said fourth quarter revenue was $720 million compared to $678 million the year prior. Adjusted EBITDA was $130 million compared to $111 million and non-GAAP diluted earnings per share was $0.31 compared to $0.21, it stated. Guidance for 2026 expects adjusted EBITDA growth between 4% to 7% and non-GAAP diluted earnings per share between 3% and 6%, the company said. “The work we completed in 2025 enabled the accelerated launch of our suite of cloud-to-edg ...

Core Viewpoint - NCR Voyix reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, and showing a significant improvement from a loss of $0.08 per share a year ago [1][2] Financial Performance - The company achieved revenues of $720 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 4.27% and increasing from $682 million in the same quarter last year [3] - NCR Voyix has consistently exceeded consensus EPS estimates over the last four quarters, with a surprise of +6.90% in the latest report and +40.91% in the previous quarter [2][3] Stock Performance - NCR Voyix shares have declined approximately 10.9% since the beginning of the year, contrasting with a 1.5% gain in the S&P 500 [4] - The current Zacks Rank for NCR Voyix is 3 (Hold), indicating expected performance in line with the market in the near future [7] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $618 million, while the estimate for the current fiscal year is $0.96 on revenues of $2.22 billion [8] - The trend of earnings estimate revisions for NCR Voyix was mixed prior to the earnings release, which may change following the latest results [5][7] Industry Context - NCR Voyix operates within the Computer - Integrated Systems industry, which is currently ranked in the top 8% of over 250 Zacks industries, suggesting a favorable industry outlook [9]

Financial Data and Key Metrics Changes - Total revenue increased by 6% to $720 million, driven by higher hardware sales [23] - Reported recurring revenue increased by 1% to $422 million, and 3% when excluding certain divestitures [23] - Adjusted EBITDA rose by 17% to $130 million, with a margin expansion of 170 basis points to 18.1% [24] - Non-GAAP EPS increased by 48% to $0.31, while GAAP EPS was $0.49, including a $65 million tax benefit [24] Business Line Data and Key Metrics Changes - Retail segment revenue increased by 9% to $501 million, with recurring revenue up by 3% to $279 million [25] - Restaurant segment revenue remained flat at $212 million, with recurring revenue increasing by 6% in enterprise and mid-market businesses [25][19] - Platform sites increased by 8% to 80,000, and payment sites increased by 4% to 8,600 [23] Market Data and Key Metrics Changes - The company signed 40 new retail customers in Q4, with platform and payment sites increasing by 6% and 12% respectively [16] - The restaurant business signed over 150 new customers in Q4, with platform and payment sites increasing by 11% and 3% respectively [19] - Significant contracts were secured with major clients like 7-Eleven Philippines and Colruyt Group [17][19] Company Strategy and Development Direction - The company is transitioning to a platform-led business model, focusing on integrated payment solutions and service capabilities [4][6] - A five-year transformation was completed, modernizing over 50 legacy applications into a unified scalable platform [6] - The company aims to enhance its payments offering and expand its geographic reach, with a focus on integrating third-party services through Voyix Connect [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's competitive positioning and the strength of its platform, emphasizing the importance of building a sales backlog [30][31] - The outlook for 2026 includes expected revenue of $2.21 billion to $2.325 billion, with a focus on improving recurring revenue and margins [28][29] - Management acknowledged challenges in the SMB segment but is optimistic about the upcoming launch of Aloha Next to address market dynamics [19][52] Other Important Information - The phased transition of the hardware business to Ennoconn commenced in January, expected to complete by the end of Q1 [8] - Adjusted free cash flow for 2026 is projected to be between $190 million and $220 million, reflecting the benefits from the ODM transition [29] - The company repurchased approximately 69,000 shares for $74 million, indicating a commitment to returning value to shareholders [27] Q&A Session Summary Question: Can you provide context around the backlog metric mentioned? - Management indicated that backlog is crucial for understanding the health of the product and revenue accumulation, with 20 contracts already signed for deployment [35][39] Question: What are the headwinds faced in the SMB segment? - Management noted that the SMB segment is the smallest and faces significant competition, but the upcoming Aloha Next product is expected to improve performance [46][52] Question: What is the expected organic revenue growth rate post-ODM transition? - Management anticipates improved organic revenue growth in 2026, driven by software services and payments, despite some market headwinds [57][58]

Financial Data and Key Metrics Changes - Total revenue increased by 6% to $720 million, driven by higher hardware sales [24] - Reported recurring revenue increased by 1% to $422 million, and 3% when excluding certain divestitures [24] - Adjusted EBITDA increased by 17% to $130 million, with a margin expansion of 170 basis points to 18.1% [25] - Non-GAAP EPS increased by 48% to $0.31, while GAAP EPS was $0.49, including a $65 million tax benefit [25] Business Line Data and Key Metrics Changes - Retail segment revenue increased by 9% to $501 million, with recurring revenue up by 3% to $279 million [26] - Restaurant segment revenue was flat at $212 million, with recurring revenue increasing by 6% in enterprise and mid-market businesses [27] - Platform sites increased by 8% to 80,000, and payment sites increased by 4% to 8,600 [24] Market Data and Key Metrics Changes - The company signed 40 new retail customers in Q4, with platform and payment sites increasing by 6% and 12% respectively [17] - The restaurant business signed over 150 new customers, with platform and payment sites increasing by 11% and 3% respectively [20] Company Strategy and Development Direction - The company is transitioning to a platform-led business model, focusing on integrated payment solutions and service capabilities [4][6] - A five-year transformation was completed, modernizing over 50 legacy applications into a unified scalable platform [5][6] - The company aims to build backlog across all markets and accelerate deployments in 2026 [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's competitive positioning and the strength of its platform, emphasizing the importance of building meaningful sales backlog [33] - The company anticipates revenue growth in 2026, driven by software services and payments, despite headwinds from AI and chip consumption [58][61] - Management noted that the enterprise segment takes time for modernization, with expected deployment timelines of 9 to 18 months [37][46] Other Important Information - The phased transition of the hardware business to Ennoconn commenced in early January, expected to complete by the end of Q1 [9] - The company is enhancing its proprietary payment gateway, Voyix Connect, to improve security and scalability [15][16] Q&A Session Summary Question: Can you provide context around the backlog metric mentioned? - Management indicated that backlog is a key metric for assessing health and revenue accumulation, with 20 customer contracts already signed for deployment [36][40] Question: Can you elaborate on the headwinds faced in the SMB segment? - Management noted that the SMB segment is the smallest and faces significant competition, with a need for a more competitive product to address market dynamics [48][50][55] Question: What is the expected organic revenue growth rate post-ODM transition? - Management expects improved organic revenue growth in 2026, particularly in software services and payments, while acknowledging potential market challenges [58][61]

Financial Data and Key Metrics Changes - Total revenue increased 6% to $720 million, driven by higher hardware sales [24] - Reported recurring revenue increased 1% to $422 million, and 3% when excluding certain divestitures [24] - Adjusted EBITDA increased 17% to $130 million, with margin expanding 170 basis points to 18.1% [25] - Non-GAAP EPS increased 48% to $0.31, while GAAP EPS was $0.49, including a $65 million tax benefit [25] Business Line Data and Key Metrics Changes - Retail segment revenue increased 9% to $501 million, with recurring revenue up 3% to $279 million [26] - Restaurant segment revenue was flat at $212 million, with recurring revenue increasing 6% in enterprise and mid-market businesses [26] - Platform sites increased 8% to 80,000, and payment sites increased 4% to 8,600 [24] Market Data and Key Metrics Changes - The company signed 40 new retail customers in Q4, with platform and payment sites increasing 6% and 12% respectively [17] - The restaurant business signed over 150 new customers in Q4, with platform and payment sites increasing 11% and 3% respectively [20] - The company engaged with nearly 400 companies at the NRF show, signing more than 20 platform contracts, including new customers in the Philippines and Belgium [8][9] Company Strategy and Development Direction - The company is transitioning to a platform-led business model, focusing on integrated payment solutions and service capabilities [4][5] - A five-year transformation was completed, modernizing over 50 legacy applications into a unified scalable platform [6][31] - The company aims to build backlog across all markets, accelerate deployments, and drive adoption of its platform solutions in 2026 [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's competitive positioning and the strength of its platform, emphasizing the importance of building meaningful sales backlog [32] - The company anticipates revenue growth in 2026, driven by the deployment of new applications and improved recurring revenue [29][58] - Management acknowledged challenges in the SMB segment due to market dynamics and competition but expects improvements with the launch of new products [52][53] Other Important Information - The phased transition of the hardware business to Ennoconn commenced in January, expected to complete by the end of Q1 [10] - Adjusted free cash flow is projected to be between $190 million and $220 million, reflecting the benefits from the ODM transition [30] Q&A Session Summary Question: Can you provide context around the backlog metric mentioned? - Management highlighted that backlog is crucial for enterprise customers, indicating a healthy product pipeline with 20 signed contracts expected to deploy over the next 9-18 months [36][40] Question: What are the headwinds faced in the SMB segment? - Management noted that the SMB segment is the smallest and faces significant competition, but improvements are expected with the launch of new products like Aloha Next [48][52] Question: What is the expected organic revenue growth rate post-ODM transition? - Management anticipates improved organic revenue growth in 2026, particularly in software services and payments, while acknowledging potential headwinds from AI and chip pricing [57][58]

NEWS RELEASE NCR Voyix Reports Fourth Quarter and Full Year 2025 Results ATLANTA, February 26, 2026 - NCR Voyix Corporation (NYSE: VYX) ("NCR Voyix" or the "Company"), a platform-powered leader in unified commerce for shopping and dining, reported financial results today for the three and twelve months ended December 31, 2025. Fourth Quarter Financial Highlights • Revenue was $720 million compared to $678 million in the prior year period. Full Year Financial Highlights "Our results for both the fourth quart ...

Corporate Transactions - The company completed the spin-off of its ATM-focused business into NCR Atleos Corporation on October 16, 2023, with no ownership interest retained [19]. - The sale of the Digital Banking segment was finalized on September 30, 2024, for a purchase price of $2.45 billion in cash, with potential additional contingent consideration of up to $100 million [20]. - The company completed the Spin-Off of NCR Atleos in October 2023 and the Digital Banking Sale in September 2024, but may not achieve the expected strategic, financial, and operational benefits from these transactions [88]. Financial Performance - Revenue was $2.7 billion, decreased 5% compared to the prior year [213]. - Recurring revenue increased 3% from the prior year and comprised 62% of total consolidated revenue [213]. - Software and services revenue decreased 3% from the prior year and comprised 74% of total consolidated revenue [213]. - Adjusted EBITDA of $425 million, increased 22% compared to the prior year [213]. Research and Development - Research and development expenses were $155 million in 2025, $157 million in 2024, and $139 million in 2023, indicating a commitment to innovation and product development [47]. - The company has over 900 patents in the United States and numerous pending applications in other countries, indicating a strong focus on intellectual property protection [50]. - The company has over 900 patents in the United States and numerous others internationally, highlighting the importance of intellectual property for its competitive position [110]. Business Strategy - The company operates in two reportable segments: Retail and Restaurants, following the spin-off and sale of the Digital Banking segment [24]. - The Voyix Commerce Platform integrates microservices-based SaaS applications, enhancing scalability and flexibility for retail and restaurant customers [23]. - The company aims to expand its integrated payment solutions and enhance payment acceptance capabilities, including commercial fuel transactions [28]. - The company focuses on delivering a modern suite of software-as-a-solution (SaaS) solutions to meet rising consumer expectations for seamless experiences [22]. - The company has shifted its strategic focus towards accelerating the adoption of the Voyix Commerce Platform and subscription-based SaaS solutions, which are critical for long-term growth [76]. Workforce and Talent - As of December 31, 2025, the company employed nearly 13,500 full-time employees globally, with approximately 25% in the Asia Pacific region and 42% in Europe, the Middle East, and Africa [57]. - The company is focused on hiring talent with skills in AI to support its business strategy and the development of modernized SaaS solutions [58]. - The company’s ability to attract and retain key employees is critical for executing its growth strategy, with a competitive market for skilled workers [135]. Risks and Compliance - The company is subject to various regulations that may impact its operations, including those related to data privacy, cybersecurity, and environmental sustainability [60]. - The company faces risks related to regulatory compliance, including additional requirements for its payments business, which could adversely affect profitability [80]. - The company may not realize anticipated benefits from cost reduction initiatives, which could adversely affect operating results and financial condition [85]. - The company is responsible for maintaining accurate bank account information for certain merchants, and errors in this process could lead to increased liability exposure [144]. - The company has been identified as a potentially responsible party in environmental matters, which could result in significant compliance costs [154]. Cybersecurity - The company experienced a cyber ransomware incident in April 2023, impacting certain customers and specific cloud-based services, leading to incurred expenses and potential future costs [103]. - The company faces significant risks related to cybersecurity threats, including sophisticated attacks that could compromise personal and confidential data, potentially harming its reputation and financial results [101]. - The company maintains cybersecurity insurance, but there is no assurance that it will cover all losses incurred from cybersecurity incidents [105]. - The company recognizes the importance of maintaining cybersecurity measures to safeguard information systems and protect data integrity [186]. - The Chief Technology Officer has over 25 years of experience in information technology and cybersecurity, overseeing the company's information security strategy [190]. Market and Competition - The company’s competitive landscape includes key competitors such as Aptos, Inc., Block Inc., and Oracle Corporation, among others [46]. - The company is subject to increasing competition in the retail and restaurant markets, with competitors potentially leveraging superior technology and resources [118]. - The competitive landscape is changing, with potential impacts from industry consolidation and new entrants, which could affect market share and operating profits [119]. Financial Obligations and Liabilities - The company has approximately $1.1 billion in total indebtedness outstanding as of December 31, 2025, with an additional $476 million available under its senior secured revolving credit facility [155]. - The Series A Convertible Preferred Stock holders are entitled to a cumulative dividend at a rate of 5.5% per annum, which increases to 8.0% if dividends are not paid timely [177]. - The company may be required to write down the value of significant assets, adversely affecting operating results [171]. - A change in control may accelerate the company's indebtedness or obligations under financing arrangements, potentially requiring repurchase of senior unsecured notes [166]. Economic Factors - Economic conditions, including consumer confidence and spending trends, significantly affect the company's business, particularly in the retail and restaurant sectors [132]. - 39% of the company's revenue for the years ended December 31, 2025, and 2024, came from international operations, exposing it to various economic and political risks [149]. - Changes in tax laws and rates could significantly impact the company's profitability and cash tax payments, with potential increases in effective tax rates [147].