NCR Voyix Corporation (VYX) SEC Filings & Earnings Calls

Revenue decline from hardware transition

“Product revenue decreased 85% YoY from $185M to $27M”

Continued net losses from continuing operations

“Net loss from continuing operations of $3M in H1 2026”

High debt levels

“Long-term debt of $1.1 billion”

Hardware Business Transition causing significant revenue decline (21% YoY); pro forma growth only 1%.

“Revenue was $523 million compared to $660 million in the prior year period, representing a decline of 21%.” · word for word

Net loss from continuing operations of $1M; profitability remains fragile.

“Net loss from continuing operations attributable to NCR Voyix was $1 million.” · word for word

Revenue decline of 1% YoY due to hardware business transition; ongoing transition risk.

“Revenue was $606 million compared to $612 million in the prior year period.” · word for word

Japan bank technology divestiture reduces revenue and EBITDA; execution risk on closing.

“The Company entered into an agreement to sell its bank technology solutions business in Japan ... The transaction is expected to close by the end of 2026.” · word for word

Cyber ransomware incident costs

“As of March 31, 2026, the Company has incurred a cumulative $47 million of expenses related to the cyber ransomware incident and has recovered $37 million under our insurance policies.” · word for word

Fraudulent ACH disbursements

“The cumulative amount of these disbursements totaled $34 million. As of March 31, 2026, the Company has recovered approximately $16 million of fraudulent disbursements from the Company’s banks and is pursuing insurance recoveries in connection with this matter.” · word for word

Hardware business transition execution risk

“During the three months ended March 31, 2026, the Company sold inventory to Ennoconn as part of the Hardware Business Transition and recorded a loss of $12 million in Other income (expense), net in the Condensed Consolidated Statements of Operations.” · word for word

Financial performance miss on key MIP metrics

“Adjusted EBITDA achieved by the Company for 2025 was $425 million, which was below the threshold MIP objective of $428 million... Revenue achieved by the Company for 2025 was $2,687 million, which was below the threshold of $2,716 million.” · word for word

Performance-based equity trending below target

“These rTSR RSUs were trending below target as of December 31, 2027... These rTSR RSUs were trending below threshold as of December 31, 2025” · word for word

CEO transition and executive departures

“Mr. Kelly was appointed as our President and Chief Executive Officer as of February 4, 2025... Mr. Wilkinson served as our President and Chief Executive Officer until February 4, 2025.” · word for word

Hardware business restructuring and transition

“the restructuring and transition of the Company's legacy hardware business to an outsource design with Ennoconn Corporation” · word for word

Hardware Business Transition Delays

“We have experienced delays, and may experience additional unanticipated delays, as certain aspects of our hardware business migrate to Ennoconn.” · word for word

Cybersecurity Incident Recurrence

“In April 2023, we determined that a single data center outage impacting certain of our customers was caused by a cyber ransomware incident.” · word for word

Tariff Impact on Costs

“The United States has proposed the implementation of, and, in many cases, has implemented, a number of tariffs on imports to the United States from a large number of countries.” · word for word

Revenue decline expected in FY2026 due to hardware ODM transition; pro forma growth only -2% to 3%.

“FY2026 revenue guidance $2.21B-$2.325B, down 13-18% YoY; pro forma -2% to +3%”

Revenue decline in both Software & Services and Hardware segments indicates potential competitive or demand headwinds

“Revenue was $684 million compared to $708 million in the prior year period.” · word for word

Tariff exposure: guidance assumes current estimated impact from U.S. trade tariffs with offsetting mitigations

“The Company’s outlook considers the current estimated impact for the trade tariffs that have been imposed or announced by the U.S. government as well as the offsetting mitigations the Company is undertaking as a result.” · word for word

Net loss from continuing operations persists, though improved from prior year

“Net loss from continuing operations attributable to NCR Voyix was $17 million” · word for word

Negative operating cash flow

“Net cash provided by (used in) operating activities $(270)M vs $38M” · word for word

Transformation execution risk

“Transformation and restructuring costs $47M vs $16M Q3”

Cyber ransomware incident

“Cumulative $47M of expenses related to the cyber ransomware incident”

Fraudulent ACH disbursements

“Cumulative amount of fraudulent ACH disbursements totaled $34M”

Hardware business transition risk

“Transition of hardware business to ODM model with Ennoconn” · word for word