VYX Q2 2026 - Preliminary Earnings Alert

Event: Quartr Q2 2026 event Retrieved: 2026-08-05T11:20:00Z Comparison mode: maximal Scorecard contract: v1 Source status: release=available | financials=earnings release only | transcript=not available (call scheduled 2026-08-05 12:00Z)

Consensus scorecard

Reported results and guidance

Full-year 2026 outlook, maintained with this release:

• Scorecard recap: revenue of $523m beat consensus by 1.2% and non-GAAP diluted EPS of $0.17 beat the $0.1533 estimate by 10.9%.
• The full-year 2026 outlook was maintained, not raised or cut, on every line.
• The company repurchased $11 million of common stock in the quarter ($20 million in the first half).
• A platform contract with Pizza Ranch was signed in July 2026 for Aloha Next and Voyix Pay at more than 200 corporate-owned and franchised restaurants; a direct partnership with Voyager for fleet card acceptance through Voyix Connect was announced in May 2026.

Key bullish aspects

• Revenue of $523m beat the consensus estimate by 1.2% and non-GAAP diluted EPS of $0.17 beat by 10.9%.
• On the pro forma basis the company presents for the completed Hardware Business Transition, revenue grew 1% year over year ($523m against $520m pro forma), so the headline 21% decline is a reporting-basis effect rather than lost underlying volume.
• Gross margin expanded 7.1 percentage points to 29.8% of revenue as low-margin hardware left the revenue base; gross profit dollars still rose to $156m from $150m on 21% less revenue.
• Adjusted EBITDA rose 5% to $98m and adjusted EBITDA margin expanded 4.6 percentage points to 18.7%.
• Retail segment adjusted EBITDA rose 20% to $97m and its margin expanded 8.8 percentage points to 26.6%, with retail now producing more segment EBITDA than the whole company reported a year ago.
• Recurring revenue rose 3.3% to $435m and recurring software revenue rose 6.0% to $211m, both growing faster than software and services revenue overall.
• Remaining Contract Value for Voyix Commerce Platform applications was approximately $286m, up 65% year over year, and platform sites rose 10% to 85,000.
• Six-month operating cash flow swung to a $59m inflow from a $(284)m outflow a year earlier, and inventories fell 41% to $128m as the hardware transition unwound working capital.
• Income from operations rose to $14m from $13m and the operating margin reached 2.7% from 2.0%.
• The full-year outlook was maintained rather than reduced, including the 40%–62% growth guided for adjusted free cash flow-unrestricted before restructuring.
• Restructuring costs excluded from the non-GAAP result were the largest single add-back at $0.12 per share, so the reported GAAP loss reflects spending management characterizes as transformation rather than run-rate operations.

Key bearish aspects

• The company remained unprofitable on a GAAP basis: a $(1)m loss from continuing operations attributable to NCR Voyix and $(0.03) diluted EPS, unchanged from the prior-year quarter despite the margin expansion.
• Restaurants segment revenue fell 23% to $158m and its adjusted EBITDA fell 15% to $58m, so the segment declined on both lines while retail improved.
• Six-month revenue fell 11% to $1,129m and the six-month GAAP diluted loss per share was $(0.07).
• The 1% pro forma revenue growth is measured against a management-constructed 2025 base, not a reported figure; on the reported basis revenue fell 21% and product revenue fell 85% to $27m.
• Transformation and restructuring costs rose to $20m from $16m in the quarter and to $43m from $37m in the half, and strategic initiative costs more than doubled in the half to $20m from $9m.
• Non-GAAP diluted EPS was flat year over year at $0.17 despite the EBITDA growth, because the non-GAAP tax rate rose to 30% from 25% and the prior-year period carried $5m of discrete tax benefits.
• Long-term debt of $1,101m still exceeds total stockholders' equity of $926m, and total assets declined to $3,852m.
• Accumulated other comprehensive loss widened to $(451)m from $(439)m and retained earnings fell to $550m from $559m at year end.
• Payment sites grew only 2% year over year to over 8,500, materially slower than the 10% growth in platform sites.
• Share repurchases slowed sharply, to $20m in the first half from $69m a year earlier.
• Six-month capital expenditures of $77m still exceed the six-month operating cash inflow of $59m.

Key uncertainties

• The release maintains the full-year outlook without providing a first-half-to-full-year bridge, so whether the second half requires acceleration to reach the ranges cannot be determined from this document.
• No reconciliation is provided for the forward-looking adjusted EBITDA, non-GAAP diluted EPS or adjusted free cash flow guidance; the company states it cannot predict the reconciling items without unreasonable effort.
• The $0.89–0.92 non-GAAP diluted EPS guide assumes a 21% effective tax rate and 152 million full-year average diluted shares, while the quarter just reported used a 30% forecasted non-GAAP tax rate and 150.4 million total diluted shares, and the release does not explain that gap.
• Remaining Contract Value includes contract value for subscription periods the customer may cancel, and the release states there is no guarantee the full amount will be recognized as revenue.
• The Pizza Ranch contract is described by site count only, with no contract value, revenue timing or start date disclosed.
• Product revenue of $27m in the quarter against $337m in the prior-year half shows the hardware transition is essentially complete, but the release does not state what steady-state ODM referral revenue should be.
• Prepaid and other current assets rose to $286m from $176m and other assets fell to $535m from $598m without explanation in the release.
• The $(77)m six-month "other assets and liabilities" operating cash outflow is not broken out, and the prior-year comparative of $(380)m is not explained here.
• Restaurants segment margin improved to 36.7% from 33.2% even as its revenue fell 23%, and the release does not identify whether that reflects mix, cost action, or the hardware transition.
• The $67m of collections on non-operating receivables in investing activities relates to inventory sold for the Hardware Business Transition; the release does not state how much remains to be collected.
• No transcript is available yet, so management's account of restaurant demand and the maintained outlook cannot be assessed for this stage.

Market context

• API Ninjas snapshot: VYX $8.88 on NYSE, volume 1,638,748, retrieved 2026-08-05T11:18:34Z. The release was published on the morning of 2026-08-05 before the U.S. open and the conference call is scheduled for 8:00 a.m. Eastern. This is a single quote of unstated session basis, not a measured reaction to the release.

Source limitations

• Every actual above comes from the Quartr Q2 2026 earnings release document. Quartr standardized financials for this event are not yet populated.
• API Ninjas supplied no actual or difference fields for this event, so each beat/miss is calculated locally as Quartr actual minus API Ninjas estimate. The API row carried no fiscal year or quarter, so the exact ticker-and-event-date match path was used.
• A separate API Ninjas row dated 2026-08-04 carries the same $516,893,300 revenue estimate and a $0.15 EPS estimate; the exact-date 2026-08-05 row was used instead.
• Year-over-year and sequential percentage changes not printed in the release are calculated from the release's own columns.
• The release presents no prior-guidance column because the full-year outlook is maintained; the guidance table above therefore shows the current ranges only.
• The consolidated statements of operations in this release are unaudited and cover continuing operations; discontinued-operations amounts are shown separately.
• No transcript exists for this event yet; the call is scheduled for 2026-08-05 12:00Z. A separate post-call update will cover it.

Source links

• Quartr Q2 2026 earnings release
• Quartr release second quarter financial highlights page
• Quartr release 2026 outlook page
• Quartr release non-GAAP EPS reconciliation page
• Quartr release consolidated statements of operations page
• Quartr release revenue and adjusted EBITDA summary page
• Quartr release consolidated balance sheets page