Earnings summaries and quarterly performance for NCR Atleos.
Executive leadership at NCR Atleos.
Timothy Oliver
Detailed
President and Chief Executive Officer
CEO
Andrea Burson
Detailed
Executive Vice President and Chief Human Resources Officer
Andrew Wamser
Detailed
Executive Vice President and Chief Financial Officer
Andy Duvall
Detailed
Chief Accounting Officer
Ricardo Nuñez
Detailed
Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
Stuart Mackinnon
Detailed
Executive Vice President and Chief Operating Officer
Board of directors at NCR Atleos.
Research analysts who have asked questions during NCR Atleos earnings calls.
Matt Summerville
D.A. Davidson & Co.
5 questions for NATL
Also covers: ALTG, AME, AOS +17 more
Dominick Gabriele
Compass Point Research & Trading, LLC
4 questions for NATL
Also covers: AVDX, BFH, JKHY +2 more
Christopher Senyek
Wolfe Research
3 questions for NATL
Also covers: BE, ECG, EVR +2 more
George Tong
Goldman Sachs
3 questions for NATL
Also covers: ADT, BCO, BFAM +24 more
James Holmes
Stifel, Nicolaus & Company, Incorporated
3 questions for NATL
Antoine Legault
Wedbush Securities
2 questions for NATL
Also covers: DBD
Chris Senyek
Wolfe Research, LLC
2 questions for NATL
Also covers: BE, ECG, PWR
Keen Fai Tong
Goldman Sachs Group Inc.
2 questions for NATL
Also covers: ADT, BCO, BFAM +21 more
Shlomo Rosenbaum
Stifel, Nicolaus & Company, Incorporated
2 questions for NATL
Also covers: ARMK, CCCS, CLVT +15 more
Recent press releases and 8-K filings for NATL.
NATL Discusses Post-Separation Strategy, Financial Health, and Growth Initiatives
NATL
Guidance Update
Share Buyback
New Projects/Investments
- NATL has completed its separation from NCR, achieving sub-three times leverage ahead of schedule and reinstating shareholder returns through share repurchases. The company aims for 50+% cash flow conversion in a few years, with projected conversion rates of 35% next year and 40% the following year.
- Strategically, Atleos 2.0 focuses on protecting its 500,000-strong installed device base and 8,000-person services footprint, which is now the largest fleet globally. The company is expanding its ATM as a Service offering, which more than doubles the ARPU on devices and is accretive to local margin rates.
- The hardware cycle is expected to be a three to four-year mini-cycle, with NATL seeing 15%-20% growth in devices placed this year and a strong order book for the first half of next year.
- NATL is deploying AI in its service organization, leading to cost savings and improved service levels, with a reduction of approximately 700 people in the service organization.
- The company is currently absorbing a $25-$30 million tariff hit this year due to a 50% tariff rate on imports from India, but expects the rate to settle around 15%-16%.
Nov 20, 2025, 4:00 PM
NCR Atleos Details Atleos 2.0 Strategy and Financial Outlook
NATL
Guidance Update
Share Buyback
New Projects/Investments
- Following its separation from NCR two years ago, NCR Atleos (NATL) is focusing on Atleos 2.0, emphasizing the protection of its 500,000-device installed base and 8,000-CE service footprint, while expanding kiosk capabilities for physical-to-digital transactions.
- The company has achieved sub-three times leverage ahead of schedule and reinstated share repurchases. It anticipates its cash conversion rate to increase from 30% to 35% in 2026 and potentially 40% in 2027. A significant debt refinancing opportunity in October 2026 could lead to $40 million in annual interest savings.
- The ATM as a Service (AaaS) business has grown to almost $300 million and has posted five consecutive quarters of double-digit growth, with 37% growth in Q3 (2025) and 65% flow-through. NATL expects to sustain a 40% growth rate for AaaS in 2026 and beyond.
- NATL is leveraging AI tools to enhance the effectiveness of its customer engineers and plans to apply AI to selling efforts. The M&A strategy focuses on small, accretive bolt-on acquisitions to expand the network, add device functionality (e.g., for Stablecoin transactions), or acquire underutilized fleets.
Nov 20, 2025, 4:00 PM
Atleos (NATL) Provides FY 2024 Financial Snapshot and FY 2025 Outlook
NATL
Guidance Update
Share Buyback
Financial Restatement
- Atleos reported Full Year 2024 Revenue of $4.3 billion, Adjusted EBITDA of $785 million, and Free Cash Flow of $242 million.
- The company issued FY 2025 guidance, projecting Total Revenue growth of 1% to 3% (constant currency), Adjusted EBITDA growth of 7% to 10% (constant currency), and Adjusted Free Cash Flow – Unrestricted between $260 million and $300 million.
- Atleos plans to initiate share repurchases in Q4 from a $200 million authorization announced on August 25.
- During Q3 2025, management identified immaterial misstatements in prior financial statements, leading to a revision of impacted periods to enhance reporting quality.
- As of Q3 2025, the Net Leverage Ratio was 2.99x, with Total Debt Outstanding of $2,869 million.
Nov 20, 2025, 12:00 PM
NATL Reports Strong Q3 2025 Results, Reaffirms Full-Year Guidance, and Authorizes Share Repurchase Program
NATL
Earnings
Guidance Update
Share Buyback
- NATL reported strong financial results for Q3 2025, with core top-line growth of 6% and a 22% year-over-year increase in non-GAAP fully diluted earnings per share to $1.09.
- The Self-Service Banking segment's revenue grew 11% to $744 million, driven by 25% growth in hardware deliveries and 37% year-over-year growth in ATM as a Service revenue to $67 million.
- The company generated $124 million in free cash flow in Q3 2025 and exited the quarter with net leverage at 2.99 times, an improvement of more than half a turn compared to the prior year.
- NATL reaffirmed its full-year 2025 guidance, expecting to deliver free cash flow conversion in excess of its 30% target. The company is tracking toward the high end of its guided revenue range, the lower end for adjusted EBITDA, and the midpoint for adjusted EPS and free cash flow.
- A $200 million share repurchase program was authorized, with repurchases expected to begin in Q4 2025.
Nov 6, 2025, 1:30 PM
ATLEOS Announces Strong Q3 2025 Results and Reaffirms FY 2025 Guidance
NATL
Earnings
Guidance Update
Revenue Acceleration/Inflection
- ATLEOS reported Q3 2025 consolidated revenue of $1,121 million, with Core Revenue growing 6% year-over-year to $1,112 million.
- Adjusted EBITDA increased 7% year-over-year to $219 million in Q3 2025, with the margin expanding 40 basis points to 19.5%.
- Non-GAAP Diluted EPS for Q3 2025 was $1.09, marking a 22% year-over-year increase.
- The company generated $124 million in Adjusted Free Cash Flow – Unrestricted during Q3 2025, maintaining $760 million in liquidity and a Net Leverage Ratio of 2.99X as of September 30, 2025.
- ATLEOS reaffirmed its FY 2025 guidance, projecting 3% to 6% Core Revenue growth, 7% to 10% Total Adjusted EBITDA growth, and 21% to 27% Fully Diluted EPS (non-GAAP) growth.
Nov 6, 2025, 1:30 PM
NCR Atleos Reports Strong Q3 2025 Results and Reaffirms Full-Year Guidance
NATL
Earnings
Guidance Update
Share Buyback
- NCR Atleos Corporation reported Total Revenue of $1.12 billion, a 4% year-over-year increase, and Net Income Attributable to Atleos of $26 million, up 24% year-over-year for Q3 2025.
- Adjusted Diluted Earnings per Share increased 22% to $1.09, and Adjusted EBITDA grew 7% to $219 million in Q3 2025.
- ATMaaS revenue growth accelerated to 37% year-over-year, with over 40% growth expected in Q4.
- The company reaffirmed its full year 2025 guidance and plans to initiate share repurchases in Q4 2025, following a $200 million authorization.
Nov 5, 2025, 9:12 PM
NCR Atleos Reports Strong Q2 2025 Results and Initiates Share Repurchase Program
NATL
Earnings
Guidance Update
Share Buyback
- NCR Atleos reported strong Q2 2025 financial results, with Adjusted EBITDA of $205 million (up 4% year-over-year) and Adjusted EPS of $0.93 (up 9% year-over-year), both at or above guidance expectations. The company also provided a positive full-year 2025 outlook, targeting 3% to 6% Core Revenue growth, 7% to 10% Total Adjusted EBITDA growth, and 21% to 27% Fully Diluted EPS growth.
- The company is focused on improving its balance sheet, aiming to reduce its Net Leverage Ratio to <3.0x in 2H 2025 from 3.1x as of June 30, 2025, with a long-term target of ~2.5x.
- The Board authorized a $200 million share repurchase program with a two-year term, representing approximately 10% of market capitalization as of June 30, 2025, signaling plans to begin returning cash to stockholders.
- Management identified immaterial misstatements in previously issued financial statements, leading to a revision for impacted periods to improve the quality of financial reporting.
Sep 3, 2025, 10:22 AM
NCR Atleos Reports Second Quarter 2025 Results, Reaffirms Guidance, and Authorizes Share Repurchase
NATL
Earnings
Share Buyback
Financial Restatement
- NCR Atleos reported Q2 2025 revenue of $1.10 billion , with GAAP diluted earnings per share of $0.60 and Non-GAAP diluted earnings per share of $0.93.
- The company reaffirmed its full-year 2025 guidance, projecting Total Revenue growth of 1% to 3% and Non-GAAP Diluted EPS growth of 21% to 27%.
- A $200 million share repurchase authorization was announced, representing approximately 10% of current market capitalization.
- NCR Atleos revised previously issued financial statements for fiscal years 2023 and 2024, and Q1 2025 due to immaterial misstatements, and changed its Non-GAAP diluted EPS definition starting Q2 2025, recasting historical periods.
Aug 6, 2025, 12:00 AM
NCR Atleos Corp Reports Robust Q1 2025 Earnings Results
NATL
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Solid Q1 Performance: Core revenue reached $966 million, with a record 76% recurring revenue mix and 270 bps y/y adjusted EBITDA margin expansion, driven by strong service metrics and a healthy hardware backlog.
- Guidance Reaffirmed: The company confirmed its full-year FY 2025 guidance with expectations of 3%-6% revenue growth and 7%-10% adjusted EBITDA growth, underpinned by effective cost management.
- Strategic Focus: Following its spin from legacy NCR, the company is now a pure-play leader in self-service banking with approximately 600,000 ATMs, emphasizing recurring service and software revenues.
- ATMaaS Growth: The segment drove growth with a 24% y/y revenue increase and a 40% y/y rise in unique customers, evidencing robust service performance.
- Tariff Impact Management: Minimal negative impact was seen in Q1, with tariffs expected to add about $25 million in costs over the remaining quarters, mitigated through supply chain adjustments and pricing actions.
May 8, 2025, 12:31 PM
NCR Atleos Corp Reports Q1 2025 Results
NATL
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Revenue reached $980 million with 76% recurring revenue, indicating strong top-line performance.
- The company reported a GAAP net income of $17 million and adjusted EBITDA of $175 million, reflecting improved profitability.
- The ATM-as-a-Service segment experienced a 40% year-over-year increase in unique customers and a 24% revenue increase, driving overall growth.
- Full-year 2025 guidance was reaffirmed, and an earnings conference call is scheduled, underscoring management’s confidence despite macroeconomic headwinds.
May 7, 2025, 12:00 AM
Quarterly earnings call transcripts for NCR Atleos.
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