NYSE$VYX

NCR Voyix Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported second quarter results and announced strategic actions.

NCR Voyix reported a GAAP Revenue of $876 million, a net loss from continuing operations of $(74) million, and a non-GAAP diluted EPS of $0.09 for Q2 2024. The company also announced a definitive agreement to divest Digital Banking to Veritas Capital for $2.45 billion plus contingent consideration and an outsourced design and manufacturing agreement with Ennoconn Corp.

  • GAAP Revenue was $876 million compared to $946 million in the prior year.
  • Net loss from continuing operations attributable to NCR Voyix was $(74) million, compared with $(51) million in the prior year.
  • Adjusted EBITDA was $144 million compared to $168 million in the prior year.
  • Diluted EPS from continuing operations was $(0.54), non-GAAP diluted EPS was $0.09.

Headline financials

Total Revenue

$876M

Previous: $1.99B-55.9%
EPS

-$0.53

Previous: $0.94-156.4%
Annual Recurring Revenue

$1.6B

No prior period
Software ARR

$748M

No prior period
Adjusted EBITDA

$79M

Previous: $389M-79.7%
Adjusted EBITDA Margin

10.9%

No prior period
Platform Sites

67.2K

No prior period
Payment Sites

7.8K

No prior period
Software & Services Revenue

$501M

No prior period
Capital Expenditures

-$21M

Previous: -$70M+70.0%
Free Cash Flow

$6M

Previous: $82M-92.7%
Net Income

-$73M

Previous: $19M-484.2%
Operating Income

-$4M

Previous: $148M-102.7%
Gross Profit

-$4M

Previous: -$4M+0.0%
Cash & Equivalents

$204M

Previous: $547M-62.7%
Total Assets

$4.78B

Previous: $11.3B-57.6%
R&D Expense

$55M

No prior period
Stock-Based Comp

$14M

Previous: $36M-61.1%

Revenue & EPS history

NCR · Revenue · Quarterly

$876M

Q2 2024-55.9%vs Q2 2023
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Revenue by segment

NCR · $568M total across 1 segment · Q3 2023

  • Retail
    $568M-1.2%

Forward guidance

NCR Voyix updated its full year 2024 guidance to reflect the strategic announcements, including the divestiture of our Digital Banking business.

Tailwinds

  • Software Revenue $1,000M – $1,020M
  • Services Revenue $1,040M – $1,060M
  • Hardware Revenue $765M – $780M
  • Total Revenue $2,805M – $2,860M
  • Adj. EBITDA (cont. ops.) $355M – $375M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.7%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

46%

31 / 68 earnings

Positive

+17.8%

Q4 2021

Best reaction

-28.3%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.2%+8.0%-1.6%
Q4 2025-9.4%-11.9%-31.9%
Q3 2025-6.6%-2.0%-13.2%
Q1 2025+16.6%+27.0%+29.7%
Q4 2024-1.8%-7.8%-14.5%
Q3 2024+2.9%+1.6%+1.1%
Q2 2024-12.2%-11.2%+2.2%
Q1 2024-1.2%+3.1%+1.3%
Q4 2023-19.8%-17.1%-11.7%
Q3 2023-3.1%-1.0%-6.5%
Q2 2023+9.2%+10.6%+16.5%
Q1 2023+10.9%+11.0%+20.5%
Q4 2022-0.2%-4.2%-14.8%
Q3 2022+6.1%+9.3%+19.1%
Q2 2022+6.9%+8.1%+3.7%
Q1 2022-28.3%-12.4%-14.9%
Q4 2021+17.8%+13.1%+1.5%
Q3 2021-5.3%-6.8%+1.3%
Q2 2021-9.4%-6.7%-3.7%
Q1 2021+9.5%+9.0%+16.2%
Q4 2020-8.0%-7.3%-2.0%
Q3 2020-7.1%-3.7%+35.2%
Q2 2020+8.3%+4.9%+20.3%
Q1 2020-17.8%-17.4%-17.6%
Q4 2019-2.8%-3.8%-52.2%
Q3 2019+5.5%+7.4%+9.3%
Q2 2019+5.1%+2.3%-2.3%
Q1 2019+11.1%+9.3%+10.8%
Q4 2018-6.5%-4.6%-5.2%
Q3 2018+12.8%+15.5%+14.4%
Q2 2018-9.0%-9.9%-8.0%
Q1 2018-9.3%-10.0%-2.2%
Q4 2017-11.2%-8.6%+3.2%
Q3 2017-11.4%-13.2%-18.2%
Q2 2017-6.5%-4.1%-17.0%
Q1 2017-5.7%-5.3%-9.3%
Q4 2016+4.1%+5.9%+10.8%
Q3 2016+12.0%+12.9%+25.7%
Q2 2016+2.5%+5.4%+8.2%
Q1 2016-5.1%
Q4 2015-3.9%
Q3 2015+0.4%
Q2 2015+1.3%
Q1 2015-0.5%
Q4 2014+1.3%
Q3 2014+4.3%
Q2 2014+0.2%
Q1 2014-7.8%
Q4 2013-5.6%
Q3 2013-10.0%
Q2 2013+1.6%
Q1 2013+8.7%
Q4 2012+4.9%
Q3 2012-0.3%
Q2 2012-5.7%
Q1 2012+0.0%
Q4 2008-0.1%
Q4 2011-0.1%
Q3 2011-2.4%
Q2 2011-3.1%
Q1 2010-2.3%
Q1 2011-0.3%
Q4 2010+0.9%
Q3 2009+3.2%
Q3 2010+3.2%
Q2 2010+1.3%
Q4 2009+1.3%
Q2 2009+1.3%

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