Ncr Voyix Corporation (VYX)
NYSE:VYX
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NCR Voyix
(NYSE:VYX)
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Rating:47Neutral
Price Target:
$6.50
▼(-4.83% Downside)
Action:ReiteratedDate:02/28/26
The score is primarily held back by weak financial performance—especially deeply negative and deteriorating operating/free cash flow—and a bearish technical setup with the stock trading below all major moving averages. Earnings-call guidance toward improved EBITDA and positive adjusted free cash flow provides some offset, but near-term revenue headwinds and transition-related execution/cash outlay risks remain.
Positive Factors
Platform modernization
Completing the multi-year migration to a unified cloud-to-edge platform reduces legacy maintenance, consolidates product delivery and accelerates new feature rollouts. This durable tech foundation supports scalable deployments, simplifies upgrades, and strengthens competitive moats for years.
Negative Factors
Negative cash generation
Sustained negative operating and free cash flow strains liquidity, forces reliance on financing or asset sales, and elevates execution risk for strategic investments. Until cash conversion improves, capital allocation and reinvestment capacity remain constrained over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform modernization
Completing the multi-year migration to a unified cloud-to-edge platform reduces legacy maintenance, consolidates product delivery and accelerates new feature rollouts. This durable tech foundation supports scalable deployments, simplifies upgrades, and strengthens competitive moats for years.
Read all positive factors
NCR Voyix (VYX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$935.55M
Dividend YieldN/A
Average Volume (3M)2.42M
Price to Earnings (P/E)33.7
Beta (1Y)1.50
Revenue Growth-22.36%
EPS Growth94.85%
CountryUS
Employees14,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.31
Shares Outstanding139,011,370
10 Day Avg. Volume2,061,892
30 Day Avg. Volume2,417,164
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)1.22
Price to Sales (P/S)0.53
P/FCF Ratio-3.77
Enterprise Value/Market Cap2.49
Enterprise Value/Revenue0.87
Enterprise Value/Gross Profit3.66
Enterprise Value/Ebitda8.19
Forecast
1Y Price Target
$11.50Price Target Upside68.37% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.93
Revenue Forecast (FY)$2.22B
NCR Voyix Business Overview & Revenue Model
Company Description
NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digital Banking, Payments & Network, and Self-Service B...
How the Company Makes Money
NCR Voyix makes money primarily by selling and supporting the technology stack that powers in-store and restaurant commerce. Key revenue streams generally include: (1) Software and subscriptions: recurring revenue from licensing and subscription a...
NCR Voyix Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call highlights meaningful strategic progress: completion of a multi-year platform modernization, stronger profitability (adjusted EBITDA +17%, margin +170 bps), ARR/site growth, notable enterprise customer wins (Chipotle, Colruyt, 7‑Eleven Philippines), and advancement of payments capabilities. Offsetting these positives are near-term headwinds tied to the hardware ODM transition (reported revenue guide down 13%–18%), SMB weakness, timing risks converting backlog into revenue, and sizable restructuring and cash outlays that pressured free cash flow. Management expects 2026 adjusted EBITDA and non‑GAAP EPS to grow modestly and sees the company moving from transformation to scaling in 2026–2027.Positive Updates
Completion of Platform Modernization
Completed a five-year transformation modernizing >50 legacy on‑premise applications into a single cloud-to-edge platform, providing a unified architecture and >30,000 feature library to support retail and restaurant customers.
Negative Updates
Reported Revenue Guidance Decline Due to ODM Transition
2026 reported revenue guidance is $2.210B–$2.325B, a decline of 13%–18% year-over-year driven by the hardware ODM implementation effective April 1. On a pro forma basis (adjusting revenue recognition), guidance is -2% to +3%.
Read all updates
Q4-2025 Updates
Positive
Negative
Completion of Platform Modernization
Completed a five-year transformation modernizing >50 legacy on‑premise applications into a single cloud-to-edge platform, providing a unified architecture and >30,000 feature library to support retail and restaurant customers.
Read all positive updates
Company Guidance
Management’s 2026 guidance calls for reported revenue of $2.210B–$2.325B (down 13%–18% due to the April 1 ODM transition; pro forma revenue down 2% to up 3% excluding the hardware recognition change), adjusted EBITDA of $440M–$445M (up ~4%–7%), non‑GAAP adjusted EPS of $0.93–$0.96 (up ~3%–6%), and adjusted free cash flow of $190M–$220M; they expect Q1 to be the weakest quarter, recurring revenue (software/services/payments) to improve through the year, margins to step up in Q2 with the ODM model (retail margin expanding further, restaurant margin improving modestly), about $120M of 2026 cash outlays related to severance/stranded costs/infrastructure/ODM transition/accrued litigation (with elevated restructuring stepping down in 2027), an on‑track ODM completion by March 31, and operating scale across ~80,000 platform sites and ~8,600 payment sites as the company builds backlog to accelerate deployments.NCR Voyix Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
54
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.69B | 2.83B | 3.18B | 3.17B | 3.69B |
| Gross Profit | 634.00M | 579.00M | 669.00M | 684.00M | 925.00M |
| EBITDA | 253.00M | 232.00M | 308.00M | 578.00M | 488.00M |
| Net Income | 42.00M | 958.00M | -423.00M | 60.00M | 97.00M |
Balance Sheet | |||||
| Total Assets | 3.92B | 4.45B | 4.99B | 11.51B | 11.64B |
| Cash, Cash Equivalents and Short-Term Investments | 239.00M | 724.00M | 259.00M | 221.00M | 447.00M |
| Total Debt | 1.60B | 1.35B | 2.83B | 5.94B | 5.95B |
| Total Liabilities | 2.77B | 3.25B | 4.69B | 9.75B | 10.11B |
| Stockholders Equity | 1.16B | 1.21B | 301.00M | 1.75B | 1.53B |
Cash Flow | |||||
| Free Cash Flow | -375.00M | -349.00M | 317.00M | 50.00M | 661.00M |
| Operating Cash Flow | -210.00M | -132.00M | 694.00M | 427.00M | 1.01B |
| Investing Cash Flow | -134.00M | 2.19B | -290.00M | -387.00M | -2.83B |
| Financing Cash Flow | -175.00M | -1.56B | -839.00M | 1.00M | 2.18B |
NCR Voyix Technical Analysis
Neutral
6.83
Price Trends
7.75
Negative
8.99
Negative
10.79
Negative
Market Momentum
-0.31
Negative
49.58
Neutral
78.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VYX, the sentiment is Neutral. The current price of 6.83 is above the 20-day moving average (MA) of 6.46, below the 50-day MA of 7.75, and below the 200-day MA of 10.79, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 49.58 is Neutral, neither overbought nor oversold. The STOCH value of 78.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VYX.
NCR Voyix Risk Analysis
NCR Voyix disclosed 41 risk factors in its most recent earnings report. NCR Voyix reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NCR Voyix Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.27B | 50.36 | 35.11% | ― | 73.57% | 56.21% | |
66 Neutral | $1.44B | 128.39 | 1.67% | ― | 22.71% | -111.24% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $866.53M | -82.49 | -2.13% | ― | 8.65% | -117.14% | |
54 Neutral | $617.63M | 10.43 | 18.33% | ― | 19.88% | 51.03% | |
49 Neutral | $1.59B | -83.08 | -69.72% | ― | -6.95% | -53.69% | |
47 Neutral | $935.55M | 33.66 | 5.44% | ― | -22.36% | 94.85% |
* Technology Sector Average
VYX
NCR Voyix
6.83
-1.02
-12.99%
INOD
Innodata
41.32
6.54
18.80%
BBAI
BigBearai Holdings
3.52
1.03
41.37%
FLYW
Flywire
12.23
3.40
38.51%
TASK
TaskUs
6.78
-1.61
-19.16%
NABL
N-able
4.66
-1.78
-27.64%
NCR Voyix Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
NCR Voyix Returns to Profitability with Strong 2025 Results
Positive
Feb 26, 2026
On February 26, 2026, NCR Voyix reported its fourth-quarter and full-year 2025 results, showing a return to profitability and improved margins despite modest revenue pressure. Quarterly revenue rose to $720 million from $678 million and net income...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.