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Get filing alertsNCR Atleos reports Q1 revenue up 7% to $1.04B, reaffirms Brink's merger on track for Q1 2027
Filed May 6, 2026 · Period ending May 6, 2026 · ~1 min read
Key Changes
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high
Q1 2026 revenue $1.04B (+7% y/y, 72% recurring), net income $22M, Adjusted EBITDA $172M; absorbed ~$11M in tariff and memory cost headwinds while meeting internal plan.
Item 2.02 verify on EDGAR → -
high
Self-Service Banking revenue grew ~12% y/y, driven by ~30% ATMaaS growth (expanding into Europe and Latin America) and 23% hardware growth from accelerating recycling tech adoption.
Exhibit 99.1 view on EDGAR → -
high
Pending Brink's merger regulatory processes underway, targeting Q1 2027 close; no earnings call or forward guidance provided due to transaction.
Exhibit 99.1 view on EDGAR → -
medium
Gross margin compressed to 22.4% from 23.7% (adjusted: 24.5% from 25.9%) due to tariffs, vault cash expense, and manufacturing costs, partially offset by higher-margin software/services mix.
Exhibit 99.1 view on EDGAR → -
medium
AI-enabled dispatch solution rolled out across Europe in Q1 following successful North America launch in 2025, delivering efficiency and cost savings.
Exhibit 99.1 view on EDGAR →
Summary
NCR Atleos reported solid Q1 2026 results with revenue up 7% year-over-year to $1.04 billion and net income of $22 million, meeting internal targets despite absorbing approximately $11 million in tariff and memory cost headwinds. The Self-Service Banking segment drove growth with 12% revenue expansion, led by 30% ATMaaS growth as the company expanded into new European and Latin American markets.
Gross margin compressed 130 basis points to 22.4% due to tariffs and higher vault cash and manufacturing costs, though the shift toward higher-margin recurring revenue (72% of total) partially offset the pressure. The company disclosed that regulatory processes for its pending merger with Brink's are underway, with a targeted close by the end of Q1 2027.
Management expects the combination to enhance offerings to financial institutions and retailers while delivering shareholder value. Due to the pending transaction, Atleos did not host an earnings call or provide forward guidance. The operational AI dispatch rollout in Europe represents a margin improvement opportunity as the company scales efficiency gains already realized in North America. Investors should monitor gross margin trends as tariff impacts persist and watch for merger regulatory milestones ahead of the Q1 2027 target close.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
The regulatory and administrative processes required to complete our proposed transaction with The Brink’s Company are underway and we continue to target a closing by the end of the first quarter of 2027. We expect that combining the complementary businesses of Brink’s and Atleos will enable us to enhance offerings to financial institutions and retailers, and we continue to aim to expand financial access for customers. The transaction will deliver significant value to our shareholders and create new opportunities for our employees
Atleos disclosed that regulatory and administrative processes for its proposed merger with The Brink's Company are underway, with a targeted closing by the end of Q1 2027. Management expects the combination to enhance offerings to financial institutions and retailers, deliver significant shareholder value, and create new employee opportunities. The company will not host an earnings call or provide financial outlook due to the pending transaction.
Added in current filing · view on EDGAR →
During the quarter, we continued the global rollout of our AI‑enabled dispatch solution across Europe, delivering improved efficiency, customer satisfaction and cost savings. The Europe rollout follows the successful implementation of our AI dispatch solution last year in North America.
Atleos continued the global rollout of its AI-enabled dispatch solution across Europe during Q1 2026, following successful North America implementation in 2025. The solution delivers improved efficiency, customer satisfaction, and cost savings. This represents an operational efficiency initiative with potential margin benefits.
Event · Item 2.02 — Results of Operations and Financial Condition
NCR Atleos disclosed Q1 2026 financial results via press release on May 6, 2026.
Added in current filing · verify on EDGAR →
On May 6, 2026, NCR Atleos Corporation (the “Company”) issued a press release setting forth its first quarter 2026 financial results and certain other financial information.
The company announced its first quarter 2026 financial results through a press release. The 8-K body itself does not contain the actual financial figures; those are in the attached press release exhibit (Exhibit 99.1), which was not provided in the input text.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 23, 2026 · How we verify