Core Viewpoint - NCR Voyix (VYX) shares have increased by 27.2% in the past four weeks, closing at $10.52, with a mean price target of $13.67 indicating a potential upside of 29.9% [1] Price Targets and Analyst Estimates - The mean estimate consists of nine short-term price targets with a standard deviation of $2.92, indicating variability among analysts; the lowest estimate is $9 (14.5% decline), while the highest is $18 (71.1% increase) [2] - Analysts' price targets can often mislead investors, as empirical research shows they rarely indicate actual stock price movements [7] - A low standard deviation in price targets suggests a high degree of agreement among analysts regarding the stock's price direction, serving as a starting point for further research [9] Earnings Estimates and Analyst Sentiment - Analysts are optimistic about VYX's earnings prospects, as indicated by a strong agreement in revising EPS estimates higher, which correlates with near-term stock price movements [11] - Over the last 30 days, three earnings estimates for VYX have increased, leading to a 35.7% rise in the Zacks Consensus Estimate [12] - VYX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating potential upside [13]

NCR Voyix (VYX) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Sarah Jane Schneider - VP - IRJames Kelly - President, CEO & DirectorNick East - EVP & Chief Product OfficerBenny Tadele - EVP & President, RestaurantsDarren Wilson - EVP & President, Retail and PaymentsBrian Webb-Walsh - Executive VP & CFODan Perlin - Managing DirectorErik Woodring - Managing Director - Equity ResearchWill Nance - Vice President Conference Call Participants Matt Summerville - Managing Director & Senior Rese ...

Financial Data and Key Metrics Changes - Total revenue for the quarter was $617 million, a decline of $93 million or 13% due to softness in hardware sales and exiting $20 million of one-time software and services revenue [28][30] - Recurring revenue increased by 2% to $407 million, representing 66% of total company revenue [28][30] - Adjusted EBITDA increased by 19% to $75 million, with a margin expansion of 330 basis points to 12.2% driven by cost actions [28][29] Business Line Data and Key Metrics Changes - In the restaurant segment, total revenue declined by 5% to $191 million, with recurring revenue decreasing by 1% to $138 million [29][30] - The retail segment saw total revenue decline by 14% to $420 million, while recurring revenue increased by 4% to $265 million [29][30] - Software ARR and total segment ARR increased by 52% respectively, and platform sites increased by 27% to 77,000 sites [28][29] Market Data and Key Metrics Changes - The U.S. market represented approximately 60% of annual hardware sales, with tariff-related costs expected to be between $8 million and $12 million for the balance of the year [9][33] - The company is focusing on international markets, with two executives based outside the U.S. to better understand global customer needs [6][60] Company Strategy and Development Direction - The company is transitioning to a cloud-native platform and payment initiatives, with launches expected in the second half of the year [6][12] - The Voyage Commerce Platform (VCP) will enable customers to transform physical locations into digital experience channels, enhancing customer engagement and loyalty [12][16] - The company is prioritizing capital allocation towards share repurchases and investments in products and infrastructure [11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about customer demand for platform solutions and the ongoing transition to recurring revenue models [6][28] - The company maintains guidance for the year, expecting currency-neutral revenue to range from $2.575 billion to $2.65 billion, reflecting a 6% to 9% decline [33][34] - Management noted that customer relationships remain strong, with low revenue attrition and ongoing interest in upgrading to new technologies [68][70] Other Important Information - The company repurchased approximately 5 million shares for $62 million during the first quarter, with a total of 10 million shares repurchased for $125 million since November 2024 [30][32] - The company is implementing mitigations for tariff impacts by sourcing suppliers in lower or non-tariff markets [9][47] Q&A Session Summary Question: Update on self-checkout demand - Management noted ongoing interest in self-checkout solutions as retailers seek cost efficiencies and automation [39][40] Question: Details on restructuring plan and tariff mitigation - The restructuring plan is sized at $100 million, with expected spending increasing to $65 million due to additional restructuring needs [45][46] Question: Status of payments integration with Worldpay - The integration with Worldpay is on track, with expectations for completion by the end of summer [56][57] Question: Insights on macroeconomic impact on spending - Management reported low revenue attrition and strong customer relationships, indicating no significant pullback in spending [68][70] Question: Retail business margin dynamics - Retail margins were impacted by hardware declines and product mix, but recovery is expected in Q2 [74]

Company Performance - NCR Voyix reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, but down from $0.13 per share a year ago [1] - The earnings surprise for the quarter was 350%, contrasting with a previous quarter where the company reported a loss of $0.08 against an expected earnings of $0.07, resulting in a surprise of -214.29% [2] - The company generated revenues of $617 million for the quarter, surpassing the Zacks Consensus Estimate by 2.32%, but down from $862 million in the same quarter last year [3] Stock Performance - NCR Voyix shares have declined approximately 36.8% since the beginning of the year, compared to a decline of -4.3% for the S&P 500 [4] - The current Zacks Rank for NCR Voyix is 3 (Hold), indicating that the stock is expected to perform in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $639.66 million, and for the current fiscal year, it is $0.70 on revenues of $2.57 billion [8] - The outlook for the industry, specifically the Computer - Integrated Systems sector, is currently in the bottom 39% of over 250 Zacks industries, which may impact the stock's performance [9]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-00395 Registrant's telephone numb ...

Q1 2025 Earnings Report May 8, 2025 N Y S E : V Y X 1 Notes to Investors SPIN-OFF INFORMATION. On October 16, 2023, NCR Voyix completed the spin-off of NCR Atleos Corporation ("NCR Atleos") as an independent, publicly traded company. The historical financial results of NCR Atleos are reflected as discontinued operations in NCR Voyix's consolidated financial statements for periods prior to the completion of the spin-off. Accordingly, the financial information included in this presentation and the associated ...

NEWS RELEASE NCR Voyix Reports First Quarter 2025 Results ATLANTA, May 8, 2025 - NCR Voyix Corporation (NYSE: VYX) ("NCR Voyix" or the "Company"), a leading global provider of digital commerce solutions, reported financial results today for the three months ended March 31, 2025. First Quarter Financial Highlights 1 • Revenue was $617 million compared to $710 million in the prior year period. • Net loss from continuing operations attributable to NCR Voyix was $20 million, compared with a net loss of $71 mill ...

Company Overview - NCR Voyix (VYX) is expected to report a year-over-year decline in earnings due to lower revenues, with a consensus estimate of $0.02 per share, reflecting an 84.6% decrease [3][12] - Revenues are projected to be $603 million, down 30.1% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for May 8, 2025, and could lead to stock price movement depending on whether the results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 83.33% higher in the last 30 days, indicating a more optimistic outlook from analysts [4][10] Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +50% for NCR Voyix, suggesting a likelihood of beating the consensus EPS estimate [11] - The stock currently holds a Zacks Rank of 3, indicating a hold position, which combined with the positive Earnings ESP suggests a potential earnings beat [11][18] Historical Performance - In the last reported quarter, NCR Voyix was expected to post earnings of $0.07 per share but instead reported a loss of $0.08, resulting in a surprise of -214.29% [12] - Over the past four quarters, the company has only beaten consensus EPS estimates once [13] Industry Comparison - Advanced Micro Devices (AMD), a peer in the Zacks Computer - Integrated Systems industry, is expected to report earnings of $0.93 per share, reflecting a year-over-year increase of 50% [17] - AMD's revenues are projected to be $7.12 billion, up 30.1% from the previous year, with a recent EPS estimate revision of 2.7% down [17][18]

As a result of discontinued operations treatment and post-2023 transfers and planned transfers of NCR Atleos-related operations in foreign countries, NCR Voyix's GAAP and non-GAAP combined segment results, segment results and consolidated results in this release may not be comparable with results and estimates previously reported. To provide enhanced comparability of combined segment results and consolidated results between periods, NCR Voyix has provided Normalized Adjusted EBITDA, which adjusts for these ...

Financial Data and Key Metrics Changes - Reported revenue for Q4 2024 was $682 million, with normalized revenue at $678 million, reflecting a decline of 14% due to expected weakness in hardware sales [36] - Software and services revenue declined 2% to $521 million, while adjusted EBITDA increased 75% to $114 million, with margin expanding 850 basis points to 16.7% [38][39] - Total adjusted free cash flow unrestricted was $72 million for the quarter, representing a conversion rate of nearly 64% when excluding restructuring [44] Business Line Data and Key Metrics Changes - In the restaurant segment, software revenue increased 3% to $91 million, while services revenue also increased 3% to $72 million, but total segment revenue declined 5% to $211 million due to hardware decline [40] - In the retail segment, software revenue declined 3% to $155 million, while services revenue increased 4% to $193 million, leading to a total segment revenue decline of 15% to $461 million [42] - Software ARR increased 4% and total segment ARR increased 5% across the company [39] Market Data and Key Metrics Changes - The company signed more than 200 new software and services customers in the restaurant segment and more than 35 customers in the retail segment during Q4 [22][28] - The platform sites increased by 26% year-over-year, reaching approximately 74,000 sites [39] Company Strategy and Development Direction - The company aims to transition to a primarily recurring software and services model, with expectations to improve recurring revenue composition from approximately 60% to 75% once the ODM is operational [33] - A five-year non-exclusive agreement with Worldpay was established to enhance payment capabilities for enterprise customers, with expectations to process over $500 billion in payments through point-of-sale systems in 2024 [19] - The company plans to launch several enterprise platform solutions in 2025, with a focus on enhancing capabilities for existing customers and attracting new ones [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth opportunities in both restaurant and retail segments, highlighting strong demand for next-generation solutions and services [64][106] - The company anticipates a decline in revenue in Q1 2025 due to a significant hardware refresh from a major retail customer, but expects adjusted EBITDA to demonstrate high-teens growth compared to Q1 2024 [53] - Management acknowledged challenges in the hardware market due to customers delaying refreshes, but noted that the rate of revenue decline is expected to moderate as the year progresses [84] Other Important Information - The company repurchased 4 million shares for approximately $56 million under its share repurchase program [46] - Total inventory at year-end was $208 million, with expectations of a cash flow benefit from the ODM transition [51] Q&A Session Summary Question: Timing and benefits of the payments agreement - Management expects the new payment system to be operational by the end of summer 2025, with significant revenue potential from the agreement with Worldpay [60][61] Question: Opportunities in 2025 - Management highlighted untapped potential in next-generation solutions and recurring revenue models, with significant customer interest in upcoming product launches [64] Question: Software services outlook and licensing exposure - Management indicated that approximately $30 million to $40 million of one-time software license revenue remains, but this will diminish as the company shifts to subscription models [74][75] Question: Hardware outlook and revenue comparisons - Management noted that hardware revenue is expected to decline significantly due to customer delays in refreshes, but anticipates a moderation in revenue decline as the year progresses [84] Question: Government contract details - A longstanding relationship with the Defense Commissary Agency was expanded, with incremental revenue expected to ramp up towards the end of Q1 2025 [89] Question: Retail environment and growth expectations - Management reported active conversations and opportunities in the retail market, with a focus on improving efficiencies and addressing shrinkage issues [102][106]