NCR Voyix completes hardware transition, returns to revenue growth; cash drops $341M

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Hardware Business Transition completed April 2026; company now records hardware sales as commission revenue (agent model) rather than gross sales, fundamentally changing revenue recognition for a major product line.

  MD&A: Hardware Business Transition verify on EDGAR →
• high

  Revenue stabilized at $606M (down 1% YoY vs. 13% decline prior year); recurring revenue accelerated to 4% growth and now comprises 69% of total revenue, up from 66%.

  MD&A: Revenue Performance verify on EDGAR →
• high

  Retail segment returned to growth (up 2% vs. down 14% prior year) with Adjusted EBITDA surging 20% on improved software mix and cost actions, reversing prior year's 24% decline.

  MD&A: Retail Segment verify on EDGAR →