NCR Voyix (NCR1) AI Stock Analysis

NCR Voyix

(BX Swiss:NCR1)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Improved Capital StructureThe substantial reduction in leverage lowers balance-sheet risk and gives NCR Voyix more financial flexibility than it had in 2023. Although debt still exceeds equity, the improved capital structure should make the company better able to manage operating volatility and fund its platform transition.

Negative Factors

Declining RevenuePersistent revenue contraction indicates that the company is still working through a challenging transition, despite improvement in selected software and recurring businesses. A shrinking top line can limit operating leverage, reduce resources available for investment, and make sustainable profit growth harder to achieve.

NCR Voyix Business Overview & Revenue Model

Company Description

NCR Corporation, an Atlanta, Georgia-based company established in 1881, offers a broad spectrum of software and services to customers across global markets, including the United States, the Americas, Asia Pacific, Europe, the Middle East, and Africa....

NCR Voyix Earnings Call Summary

Earnings Call Date:May 06, 2026(Q1-2026)|Next Earnings Date:Nov 04, 2026

Earnings Call SentimentPositive

The call highlighted meaningful operational progress: margin expansion, positive adjusted free cash flow, strong early commercial traction for the Voyix Commerce Platform (21 contracts, $293M RCV), notable retail momentum, AI/product deployment scale (Picklist Assist), and disciplined capital returns. Offsetting these positives were a modest overall revenue decline (-1%), restaurant segment weakness (-6% revenue), restructuring and ODM transition costs that produced a GAAP loss, and an early-stage position for platform penetration (new software still under 5% of enterprise customers). Management provided a pro forma FY outlook with modest adjusted EBITDA growth and emphasized continued sales cadence and product rollouts. On balance, the strategic progress and cash/margin improvements outweigh near-term transition and SMB challenges, suggesting constructive momentum but with execution risk during the transition to subscription and the hardware/ODM model.

Positive Updates

Adjusted EBITDA and Margin Expansion

Adjusted EBITDA increased 5% to $78 million in Q1 2026; adjusted EBITDA margin expanded 80 basis points to 12.9%, driven by early Voyix Commerce Platform momentum and cost actions implemented in 2025.

Negative Updates

Small Overall Revenue Decline

Total company revenue decreased 1% in Q1 to $606 million, reflecting declines in nonrecurring hardware and one-time services.

Company Guidance

NCR Voyix updated its 2026 full‑year guidance (pro forma excluding the Japan banking business) to revenue of $2.188–$2.303 billion and adjusted EBITDA of $432–$447 million (which the company said implies roughly a pro‑forma revenue change of about −2% to +3% year‑over‑year and adjusted‑EBITDA growth of ~3%–7% Y/Y); management expects 2026 revenue seasonality to be broadly consistent with 2025 while adjusted EBITDA growth will be more weighted to Q4 versus Q2/Q3, a full‑year tax rate of ~21%, CapEx for the year to be similar to 2025 (Q1 CapEx $36M, down $3M YoY), and noted Q1 actions including ~$41M of restructuring, repurchases of ~9M common shares, adjusted free cash flow before restructuring of $71M, and a net leverage of 2.1x (net debt / LTM adjusted EBITDA); the company will emphasize recurring revenue (while still reporting ARR) and has provided pro‑forma historical adjustments in its metrics file.

NCR Voyix Risk Analysis

NCR Voyix disclosed 41 risk factors in its most recent earnings report. NCR Voyix reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

NCR Voyix Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

CH:NCR1 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JKHY	79Outperform	$11.31B	23.11	23.49%	1.49%	6.66%	11.84%
FISV	62Neutral	$26.60B	9.58	10.77%	―	-1.17%	-13.24%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TSSI	61Neutral	$193.58M	11.16	19.22%	―	-26.52%	30.98%
FIS	60Neutral	$19.88B	5.90	22.57%	4.46%	18.26%	2280.55%
PSFE	45Neutral	$293.45M	-1.48	-32.65%	―	5.13%	-359.12%

* Technology Sector Average

Performance Comparison

CH:NCR1 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FIS	Fidelity National Information Services	38.55	-21.36	-35.65%
FISV	Fiserv, Inc.	50.02	-15.12	-23.21%
JKHY	Jack Henry & Associates	161.34	12.97	8.74%
TSSI	TSS	6.86	-12.45	-64.47%
PSFE	Paysafe Ltd	5.62	-5.07	-47.43%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

NCR Voyix AI Stock Analysis