NCR Voyix Revenue Dips 21% Amid Hardware Transition
Event summary
- NCR Voyix reported Q2 2026 revenue of $523M, down 21% YoY due to hardware business transition.
- Pro forma revenue increased 1% YoY when adjusting for the hardware transition impact.
- Software and services revenue remained stable at $497M, with recurring revenue up 3% YoY to $435M.
- Net loss from continuing operations was $1M, compared to break-even in Q2 2025.
- Adjusted EBITDA grew 5% YoY to $98M.
The big picture
NCR Voyix is navigating a strategic shift away from hardware towards software and services, reflecting broader industry trends in unified commerce. The company's focus on AI and automation aims to drive long-term recurring revenue growth, but the immediate impact of the hardware transition poses challenges to near-term financial performance.
What we're watching
- Recurring Revenue Growth
- Whether the company can sustain recurring revenue growth through targeted innovation and AI-driven solutions.
- Hardware Transition Impact
- The pace at which NCR Voyix adapts to its hardware business transition and maintains profitability.
- Customer Expansion
- How the new enterprise restaurant customer, Pizza Ranch, will contribute to platform site growth and revenue diversification.
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