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Goldman Sachs

May 11, 2026

NCR Voyix 1Q26 Takeaways

Single Stock ReportEquitiesInformation Technology

NCR Voyix reported a 1Q26 revenue beat of $606mn and improved free cash flow of $6mn, leading to share outperformance.

Key Takeaways

  • 1.VYX reported 1Q26 revenue of $606mn, beating Street estimates of $578mn by 5%, primarily driven by stronger hardware sales.
  • 2.The company delivered $6mn in GAAP Free Cash Flow, which outperformed expectations and remains a key focus area for investors.
  • 3.Full-year 2026 guidance was provided, expecting revenue between $2.19bn and $2.30bn and adjusted EBITDA of $432mn to $447mn.

Table of Contents

  • Bottom line
  • 1Q26 Results
  • 2026 Guidance
  • Valuation methodology
  • Disclosure Appendix
  • GS Factor Profile
  • M&A Rank
  • Quantum
  • Disclosures
  • Ratings, coverage universe and related definitions

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