The earnings miss on adjusted EPS is notable but likely secondary to the Brinks acquisition process. Monitor regulatory filings and shareholder vote timelines for the merger; standalone operational trends (margins, cash flow) are deteriorating.
Price Chart
Executive Summary
NCR Atleos reported Q1 2026 revenue of $1.04B (+7% YoY) and GAAP EPS of $0.29 (+53% YoY), but adjusted EPS of $0.65 missed consensus of $0.89 by 27%. Adjusted EBITDA was flat at $172M, and operating cash flow turned negative. No guidance was provided due to the pending acquisition by Brinks, which remains the dominant stock driver.
Key Financial Metrics
Key Facts
- Total revenue of $1.043B, up 7% YoY, 72% recurring
- GAAP diluted EPS $0.29, up 53% YoY; adjusted diluted EPS $0.65, up 2% YoY
- Adjusted EBITDA $172M, flat YoY; net income attributable to Atleos $22M, up 57% YoY
- Adjusted EPS $0.65 vs consensus $0.89 (miss of 27%)
- No financial guidance provided; share repurchase suspended due to pending Brinks acquisition (expected close Q1 2027)
- Gross margin declined to 22.4% (from 23.7%), impacted by ~$11M in tariff and memory cost headwinds
Financial Impact
Adjusted EPS miss of 27% vs consensus is significant, but revenue growth and the pending acquisition mute the standalone earnings impact.
Risk Factors
- Brinks acquisition delay or termination
- Further tariff and cost headwinds pressuring margins
- Negative operating cash flow could constrain liquidity before deal close
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001974138-26-000004 |
| Document: natl-20260506.htm | 0001974138-26-000004 |
| Document: 0001974138-26-000004-index-headers.html | 0001974138-26-000004 |
| Document: 0001974138-26-000004-index.html | 0001974138-26-000004 |
| Document: 0001974138-26-000004.txt | 0001974138-26-000004 |
| 8-K Data (Synthetic) | 0001974138-26-000004 |
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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