NCR Voyix Guides 2026 Revenue Drop of up to 18% with EBITDA of $440M
NCR Voyix signed over 20 cloud-to-edge platform contracts—including Chipotle, 7-Eleven Philippines and Colruyt—creating a 9–18 month deployment backlog with rollouts in late 2026. Management guides 2026 revenue of $2.21–2.325 billion (down 13–18%), adjusted EBITDA of $440–445 million and non-GAAP EPS of $0.93–0.96.
1. Hardware Transition and 2026 Guidance
NCR Voyix began a phased transition of its hardware business to Ennoconn in early January, shifting to a commission model expected to complete by March 31, 2026. Management guides 2026 revenue of $2.21–2.325 billion (down 13–18%), adjusted EBITDA of $440–445 million, non-GAAP EPS of $0.93–0.96, and adjusted free cash flow of $190–220 million.
2. Platform Contracts and Backlog
The new cloud-to-edge platform has signed over 20 contracts—including Chipotle, 7-Eleven Philippines and Colruyt—creating a 9–18 month deployment backlog. Rollouts are targeted for the back half of 2026, with microservices-based applications spanning point of sale, self-checkout, supply chain, back office, integrated payments and support services.
3. Transformation and Leadership
The completion of a five-year transformation in 2025 unified more than 50 legacy on-premise applications into a single cloud-to-edge platform. CEO James Kelly appointed Darren Wilson as President of Retail and Payments and Nick East as the first Chief Product Officer, strengthening leadership across retail (70% of revenue) and product development.
4. Payments Strategy and Segment Metrics
Voyix Connect serves as the proprietary payments gateway, achieving Corpay certification in January and targeting WEX certification in the second quarter. Retail platform sites rose 6% and payment sites 12% in Q4, while software ARR grew 8%; restaurant platform sites increased 11% with total ARR up 6% excluding SMB headwinds.