Monitor progress on NCR Atleos closing (targeted early Q1 2027) for catalyst. Q3 guidance midpoint ($2.43) implies 14% QoQ EPS growth from Q2 actual, and 2026 framework unchanged — consistent execution should support the current trajectory. Watch for margin expansion as AMS/DRS mix grows.
Price Chart
Executive Summary
Brink's reported solid Q2 2026 results, with non-GAAP EPS of $2.13 (4.4% beat vs $2.04 consensus), revenue of $1.392B (in line with $1.39B consensus), and 7% total revenue growth. Adjusted EBITDA rose 11% to $257M, with margins expanding 70bps to 18.5%. The NCR Atleos acquisition timeline accelerated to early Q1 2027, with regulatory clearances secured in the US, Brazil, and India. The Q3 2026 guidance midpoint implies sequential EPS growth, supported by continued AMS/DRS momentum.
Key Financial Metrics
Key Facts
- Non-GAAP EPS $2.13 vs consensus $2.04 (beat 4.4%)
- Revenue $1.392B, +7% YoY (+4% organic)
- Adjusted EBITDA $257M, +11% YoY; margin 18.5%, +70bps YoY
- GAAP EPS $1.07, +4% YoY (includes $75.3M NCR Atleos/transformation costs YTD)
- Q3 2026 guidance: revenue $1,365-$1,415M, non-GAAP EPS $2.23-$2.63
- TTM free cash flow $468M, conversion 46%
- NCR Atleos acquisition timeline accelerated to early Q1 2027; regulatory approvals in key jurisdictions
- AMS/DRS organic revenue growth 14% in Q2; 32% of total revenue mix
- Net debt leverage 2.7x Adjusted EBITDA; $30.2M share repurchases YTD
Financial Impact
Non-GAAP EPS beat of ~$0.09 vs consensus; revenue beat of ~$2M
Risk Factors
- NCR Atleos integration and regulatory delays could push closing beyond Q1 2027
- Currency headwinds (2% constant-currency growth vs 7% reported) continue
- Argentina highly inflationary accounting remains a drag (YTD $2.8M pretax charge)
- Elevated capex and debt leverage near 3x may limit near-term shareholder returns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000078890-26-000054 |
| Exhibit: exhibit992_2q2026v-micro.htm | 0000078890-26-000054 |
| Document: bco-20260805.htm | 0000078890-26-000054 |
| Document: 0000078890-26-000054-index-headers.html | 0000078890-26-000054 |
| Document: 0000078890-26-000054-index.html | 0000078890-26-000054 |
| Document: 0000078890-26-000054.txt | 0000078890-26-000054 |
| 8-K Data (Synthetic) | 0000078890-26-000054 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | Institutional Cluster | $115.79 $107.47 | ▲ +7.19% | ▲ +6.58% | $101.80 (+12.08%) |
Aug 5, 2026 8w ago | 8-K | $115.79 $107.47 | ▼ −7.19% | ▼ −6.58% | $101.80 (−12.08%) |
Jul 15, 2026 11w ago | Press Release | $111.88 $113.96 | ▲ +1.86% | ▼ −0.48% | $101.80 (−9.01%) |
Jul 10, 2026 12w ago | Press Release | $104.24 $112.19 | ▲ +7.63% | ▲ +5.20% | $101.80 (−2.34%) |
Jun 30, 2026 13w ago | 8-K | $99.00 $121.71 | ▲ +22.94% | ▲ +25.13% | $101.80 (+2.83%) |
Jun 18, 2026 15w ago | 8-K | $97.55 $120.12 | ▲ +23.14% | ▲ +23.28% | $101.80 (+4.36%) |
Jun 2, 2026 17w ago | 8-K | $102.97 $99.00 | ▼ −3.86% | ▼ −2.29% | $101.80 (−1.14%) |
May 28, 2026 18w ago | EFFECT | $107.08 $94.09 | ▼ −12.13% | ▼ −8.99% | $101.80 (−4.93%) |
May 4, 2026 21w ago | 8-K | $104.30 $102.97 | ▼ −1.28% | ▼ −6.23% | $101.80 (−2.40%) |
Apr 15, 2026 24w ago | Press Release | $111.67 $104.58 | ▼ −6.35% | ▼ −12.16% | $101.80 (−8.84%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access