The massive EPS beat and margin expansion are credit-positive for the pending Brinks merger, but the flat revenue and lack of guidance cap the upside. Traders should monitor regulatory filings for the Brinks deal, as the stock's next major catalyst is the merger close, not standalone operational trends.
Price Chart
Executive Summary
NCR Atleos reported Q2 2026 GAAP diluted EPS of $0.86, a 65% YoY increase, and Adjusted Diluted EPS of $1.49, a 67% YoY increase. Total revenue was flat YoY at $1.10 billion, with 70% from recurring revenue, while Adjusted EBITDA surged 25% to $254 million. The strong earnings beat is overshadowed by flat revenue and the lack of forward guidance due to the pending Brinks merger, making the stock's reaction dependent on the deal's progress rather than operational momentum.
Key Financial Metrics
Key Facts
- Q2 2026 GAAP diluted EPS of $0.86, up 65% YoY from $0.52.
- Adjusted Diluted EPS of $1.49, up 67% YoY from $0.89.
- Total revenue of $1.10 billion, flat YoY.
- Adjusted EBITDA of $254 million, up 25% YoY.
- Net income attributable to Atleos of $65 million, up 67% YoY.
- Self-Service Banking Adjusted EBITDA margin improved to 28.6% from 25.7%.
- Network Adjusted EBITDA margin improved to 33.5% from 27.0%.
- Net leverage ratio reduced to 2.69x from 3.14x YoY.
- No financial outlook provided due to pending Brinks transaction, which is expected to close early Q1 2027.
Financial Impact
Adjusted EBITDA increased by $51 million YoY to $254 million, with net income up $26 million to $65 million.
Risk Factors
- Flat total revenue YoY signals potential market share or pricing headwinds.
- No forward guidance creates uncertainty, making the stock a pure play on the Brinks merger timeline and execution.
- Pending merger with Brinks introduces integration risk and potential for deal termination.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001974138-26-000014 |
| Document: natl-20260805.htm | 0001974138-26-000014 |
| Document: 0001974138-26-000014-index-headers.html | 0001974138-26-000014 |
| Document: 0001974138-26-000014-index.html | 0001974138-26-000014 |
| Document: 0001974138-26-000014.txt | 0001974138-26-000014 |
| 8-K Data (Synthetic) | 0001974138-26-000014 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $46.81 $45.79 | ▼ −2.18% | ▼ −1.58% | $45.42 (−2.97%) |
Jun 30, 2026 13w ago | 8-K | $44.09 $47.51 | ▲ +7.76% | ▲ +9.94% | $45.42 (+3.02%) |
Jun 18, 2026 15w ago | 8-K | $43.57 $47.43 | ▲ +8.86% | ▲ +9.01% | $45.42 (+4.25%) |
Jun 18, 2026 15w ago | 425 | $43.57 $47.43 | ▲ +8.86% | ▲ +9.01% | $45.42 (+4.25%) |
May 27, 2026 18w ago | DEFM14A | $45.10 $43.31 | ▼ −3.97% | ▼ −2.07% | $45.42 (+0.71%) |
May 12, 2026 20w ago | 425 | $44.72 $44.17 | ▼ −1.23% | ▼ −0.62% | $45.42 (+1.57%) |
May 6, 2026 21w ago | 425 | $44.25 $44.08 | ▼ −0.38% | ▼ −3.52% | $45.42 (+2.64%) |
May 6, 2026 21w ago | 8-K | $44.25 $44.08 | ▼ −0.38% | ▼ −3.52% | $45.42 (+2.64%) |
Apr 3, 2026 26w ago | DEFA14A | $43.84 $44.04 | ▲ +0.46% | ▼ −8.53% | $45.42 (+3.60%) |
Mar 5, 2026 30w ago | 8-K | $46.34 $43.70 | ▼ −5.70% | ▼ −1.91% | $45.42 (−1.99%) |
US Market Status
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