NCR Atleos Q3 revenue falls on hardware weakness

NCR Atleos

04/11/2026 11:14

Overview
U.S. self-service banking provider's Q3 revenue declined 2% yr/yr and missed analyst expectations
Adjusted EPS for Q3 rose 24% yr/yr
Company expects Brink's merger to close in early January 2027

Outlook
Company is not providing a financial outlook due to pending Brink’s transaction
Company expects Brink’s transaction to close in early January 2027
Company says some customers are delaying purchases ahead of Brink’s merger

Result Drivers
HARDWARE WEAKNESS - Q3 Self-Service Banking revenue fell due to lower hardware volumes in some markets, partly offset by growth in Software and Services
ATMaaS AND PRODUCTIVITY - Profitability in Self-Service Banking improved, driven by ATMaaS, Software, and productivity initiatives, offsetting higher memory and fuel costs
CRYPTO TRANSACTION DEMAND - Network revenue declined due to lower demand for crypto transactions

Company press release: ID:nBw4Q9Y49a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.10 bln
$1.14 bln (2 Analysts)
Q3 Adjusted EPS
Beat
$1.35
$1.19 (2 Analysts)
Q3 EPS
 
$1.27
 
Q3 Net Income
 
$97 mln
 
Q3 Adjusted EBITDA
Beat
$241 mln
$233.34 mln (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy."
Wall Street's median 12-month price target for NCR Atleos Corporation is $50.40, about 8.1% above its November 3 closing price of $46.64
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Nov 3 - Fiserv Q3 adjusted EPS beats, revenue slightly tops estimates
Nov 3 - Fiserv cuts 3,000 employees and contractor jobs under new CEO

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)