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SEC filingQ1 revenue grew 6.4% to $1.0B driven by Self-Service Banking strength, but operating income declined 12.5% to $84.0M from higher tariffs, vault cash, and component costs, partially offset by higher-margin software and services including ATMaaS.
NCR Atleos delivered revenue growth of 6.4% to $1.0 billion in Q1 FY2026, up from $980 million a year ago, as the company maintained momentum in its industry-leading self-service banking solutions for financial institutions, merchants, and retailers worldwide. This top-line expansion occurred despite headwinds, highlighting resilience in core operations.
Net income proved resilient, advancing 29.4% to $22.0 million with diluted EPS of $0.29, up 26.1% from $0.23. This bottom-line strength underscores the benefits of the company's service-oriented revenue transition amid product cost challenges.
Cash generation weakened significantly, with net cash from operating activities at -$9.0 million compared to +$123.0 million last year, leading to free cash flow of -$36.0 million after $27.0 million in capital expenditures (down slightly from $29.0 million prior year). The swing reflects timing in working capital, including settlements and receivables typical in the quarter.