Diebold Nixdorf Reports Strong Q2 Performance Amid Retail Growth and Banking Delays
Diebold Nixdorf (NYSE:DBD) reported a strong second-quarter performance with revenue rising 1.4% year over year to $928 million, driven by robust retail growth that offset slower banking results due to delayed project timing. Adjusted EBITDA increased 8% to $121 million and adjusted EPS rose 17% to $1.10. The company reaffirmed its full-year financial outlook despite a negative free cash flow of -$11 million in Q2, primarily from inventory investments for memory supplies. Retail revenue surged approximately 24%, supported by point-of-sale systems, self-checkout solutions, and AI deployments across Europe and North America. Notable wins included large orders in Germany, Romania, the UK, and new contracts with U.S.-based grocers and a quick-service restaurant chain. Banking revenue declined about 6% year over year due to delayed projects like a Brazilian public-sector tender that will shift into 2027. Management expects inventory reductions and working-capital improvements in Q4 to generate $100 million to $120 million of free cash flow, supporting confidence in the full-year outlook. CEO Octavio Marquez noted strong order entry growth for the first half of the year and a growing product backlog.
Tickers: $DBD
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