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3 Value Stocks Flying Under the Radar—For NowNCR Voyix NYSE: VYX reported second-quarter results that reflected continued growth in recurring revenue and adjusted EBITDA after accounting for its hardware-business transition, while management emphasized adoption of its cloud-native Voyix Commerce Platform and the potential for AI-enabled deployments to reduce implementation time and costs.

Chief Executive Officer James Kelly said revenue rose 1% from a year earlier when adjusted for the ODM transaction, while recurring revenue increased 3% and adjusted EBITDA rose 5%. The company said its commercial actions from the prior year, along with growth in software, services and payments, supported the results.

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On a reported basis, total revenue declined 21% to $523 million, primarily reflecting the transition of the hardware business at the end of the first quarter, according to Chief Financial Officer Brian Webb-Walsh. Excluding that impact, revenue increased 1%.

Platform adoption and deployment efforts Kelly said NCR Voyix has signed 25 Voyix Commerce Platform, or VCP, customers since mid-2025, with 10 customers live across more than 2,000 lanes. The company expects another 1,000 lanes to be in production by the end of September.

The company’s VCP contracts represented $286 million in remaining contract value at quarter-end, up 65% year over year. Webb-Walsh said the metric includes software revenue under long-term contracts and does not include services, payments or hardware sales. He said the measure may not rise in a linear fashion each quarter because revenue begins to be recognized after contracts are signed and contract sizes vary.

Management said it is increasingly engaging customers on broader enterprise platform transformations instead of individual product purchases. Kelly said customers are looking to simplify operations, improve security and add flexibility, though technology replacement decisions can take time, especially for large organizations with longstanding point-of-sale systems.

During the quarter, NCR Voyix completed what Kelly described as its first fully remote Voyix POS installation for a large European grocery retailer, completing the deployment in roughly half the time of a traditional installation. The company aims to reduce remote installation time to less than one hour per store.

Chief Product Officer Nick East said AI agents are being used to analyze existing customer environments and migrate configurations, operational data and application settings to the new platform. He said the company can convert some large grocery locations from legacy systems to the new platform in a matter of hours overnight, without personnel on site.

Aloha Next is scheduled to begin initial pilots by year-end. The company’s restaurant “store-in-a-box” offering for small and mid-market customers is expected to enter customer labs by the end of the third quarter and pilots in the first quarter of next year. NCR Voyix had 16 active customer labs across seven countries as customers evaluate VCP applications. Retail and payments growth Darren Wilson, president of Retail and Payments, said the retail business signed more than 40 customers during the quarter, primarily in the mid-market. Platform sites grew 8%, payment sites increased 13%, and recurring revenue rose 6%, driven by a 15% increase in recurring software revenue.

The company cited several retail agreements, including a Voyix supply-chain deal with LC Foods in the U.S., a recurring-services agreement with a German reverse-vending provider, and a Voyix POS agreement with a home-improvement retailer operating in Colombia and Chile. NCR Voyix also secured an equipment refresh covering about 350 stores for an existing Australian grocery customer.

In payments, the company continued converting U.S. and Latin American customers to Voyix Connect at market pricing. Wilson said NCR Voyix expects to extend the strategy into Canada, Europe and Asia-Pacific as certifications are completed. The company also signed an agreement with Voyager to expand fleet-card acceptance through Voyix Connect, adding to direct integrations with Corpay and WEX.

Webb-Walsh said reported retail revenue declined 20% to $365 million due to the hardware transition. Excluding that impact, retail revenue rose 4%, supported by VCP application sales and payments pricing initiatives. Retail adjusted EBITDA increased 20% to $97 million, with adjusted EBITDA margin expanding to 26.6%.

Restaurant results and Aloha Next The restaurant business signed more than 100 new customers in the second quarter, according to Restaurants President Benny Tadele. Platform size increased 12%, while payment size declined 1%. Enterprise and mid-market recurring revenue rose 6%, with services revenue up 9% and software revenue up 3% excluding the prior-year Nemcor Brazil divestiture.

Tadele said the business continued to face softness in the small and medium-sized business market. He also described restaurant operators as focused on return on investment, operational efficiency, automation and cost management, which he said can extend buying cycles as customers more closely scrutinize spending.

During the quarter, NCR Voyix signed Pizza Ranch as the first new enterprise customer for Aloha Next. The agreement includes Aloha Next and Voyix Pay at more than 200 locations. The company also signed an agreement with one of the largest restaurant operators in Asia-Pacific to modernize its Aloha point-of-sale environment and centralize data management across multiple countries and brands.

Reported restaurant revenue declined 23% to $158 million. Excluding the hardware impact, restaurant revenue fell $10 million, or 6%, as lower-than-anticipated hardware installations, SMB weakness and the Brazil divestiture weighed on results. Webb-Walsh said customers delayed some hardware refreshes, likely into next year. Restaurant adjusted EBITDA declined 15% to $58 million.

Profitability, cash flow and outlook Adjusted EBITDA increased 5% to $98 million, while adjusted EBITDA margin expanded 460 basis points to 18.7%. Excluding the hardware impact, adjusted EBITDA margin expanded 80 basis points. Non-GAAP earnings were $0.17 per share, unchanged from a year earlier, while GAAP earnings were a loss of $0.03 per share, primarily due to restructuring and transformation expenses, stock-based compensation and amortization of intangibles.

Adjusted free cash flow was $56 million before restructuring. The company spent $41 million on capital expenditures and repurchased approximately $11 million of common shares. NCR Voyix ended the quarter with net leverage of 2 times based on net debt at June 30 and trailing 12-month adjusted EBITDA.

The company maintained its full-year 2026 outlook, projecting revenue of $2.188 billion to $2.303 billion, adjusted EBITDA of $432 million to $447 million, and adjusted earnings per share of $0.89 to $0.92.

About NCR Voyix (NYSE:VYX)NCR Voyix is a technology company formed through the spin-off of NCR Corporation’s financial and digital commerce business. The company designs, manufactures and supports self-service solutions for banking and retail environments, with core offerings that include ATMs, kiosks, point-of-sale terminals and payment software. By blending hardware, cloud-based applications and managed services, NCR Voyix aims to help financial institutions and merchants modernize customer experiences and streamline transaction processing.

Building on more than a century of heritage under the NCR name, NCR Voyix leverages decades of engineering expertise and innovation in transaction automation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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NCR Voyix (VYX - Free Report) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.33%. A quarter ago, it was expected that this maker of ATMs and other hardware and software to handle payments would post earnings of $0.08 per share when it actually produced earnings of $0.1, delivering a surprise of +25%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

NCR Voyix, which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $523 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.95%. This compares to year-ago revenues of $666 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

NCR Voyix shares have lost about 12.9% since the beginning of the year versus the S&P 500's gain of 13%.

What's Next for NCR Voyix?While NCR Voyix has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for NCR Voyix was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.27 on $540 million in revenues for the coming quarter and $0.89 on $2.2 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Integrated Systems is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Hewlett Packard Enterprise (HPE - Free Report) , is yet to report results for the quarter ended July 2026.

This information technology products and services provider is expected to post quarterly earnings of $0.93 per share in its upcoming report, which represents a year-over-year change of +111.4%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.

Hewlett Packard Enterprise's revenues are expected to be $12 billion, up 31.4% from the year-ago quarter.