NCR Voyix Reports Q3 2026 Results Amid Hardware Transition and Growing Recurring Revenue
NCR Voyix (VYX) reported third-quarter revenue of $539 million, a 20% year-over-year decline primarily driven by the company's strategic transition away from its legacy hardware business. Despite the top-line contraction, the company saw significant growth in high-margin areas, with Remaining Contract Value (RCV) surging 151% to $440 million following ten new Voyix Commerce Platform contracts. The retail segment showed resilience, with recurring revenue growing 4% and adjusted EBITDA increasing 19%. However, the restaurant segment faced headwinds, seeing a 23% decline in revenue due to pressure in the small and medium enterprise (SME) market. Management lowered its full-year revenue guidance to the lower end of previous ranges, citing delayed hardware purchases and installation revenue.
Topics: EBITDA margin expansion hardware business transition recurring revenue growth revenue decline