NCR Atleos Q3 revenue falls on hardware weakness
NATL•NCR Atleos’ Q3 revenue fell 2% year over year to $1.10 billion, missing the $1.14 billion analyst estimate, while adjusted EPS rose 24% to $1.35. The company expects its merger with Brink’s to close in early January 2027 and is not providing a financial outlook.
1. Revenue and earnings
NCR Atleos reported Q3 revenue of $1.10 billion, down 2% year over year and below the $1.14 billion analyst estimate. Adjusted EPS increased 24% to $1.35, beating the $1.19 estimate; adjusted EBITDA was $241 million, above the $233.34 million estimate.
2. Business drivers and outlook
Self-Service Banking revenue fell as hardware volumes declined in some markets, partly offset by growth in Software and Services. Network revenue declined on lower demand for crypto transactions. The company said some customers are delaying purchases ahead of its Brink’s merger, which it expects to close in early January 2027, and is not providing a financial outlook due to the pending transaction.
