NATL

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. NCR Atleos (NATL) has just released second quarter 2026 results, reporting revenue of US$1,103 million and net income of US$65 million. These figures give investors fresh numbers to assess the stock. See our latest analysis for NCR Atleos. NCR Atleos shares trade at US$46.98, with a 30-day share price return of 2.80% and a year-to-date share price return of 26.19%, while the 1-year total shareholder return sits at 21.84%. This suggests momentum has been building into this latest earnings release. If this earnings report has you reviewing the wider payments and financial infrastructure space, it could be a useful moment to see what else is moving through 20 top founder-led companies NCR Atleos now trades only a small distance below the average analyst price target, yet sits well above some more conservative value estimates. So where does fair value actually look anchored after this earnings move? The most followed valuation narrative for NCR Atleos pegs fair value at about $50.27 per share, compared with the latest close at $46.98. That gap is small enough that the detailed assumptions behind it matter more than the headline number. Read the complete narrative. Want to see what is sitting behind that confidence in NCR Atleos? The narrative leans heavily on recurring revenues, stronger margins, and a very specific earnings path that all feed into that $50.27 fair value line. Result: Fair Value of $50.27 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the NCR Atleos story could change if cash usage declines faster than expected or if digital banking and fintech competition steadily erode ATM related demand. Find out about the key risks to this NCR Atleos narrative. The analyst narrative frames NCR Atleos as about 6.5% undervalued at $46.98 versus a fair value of $50.27. Using a simple P/E check tells a more cautious story. The stock trades on 17.7x earnings, above peer average at 6.2x and slightly above the US Diversified Financial industry at 16.9x, although below a fair ratio of 20.1x. That mix of slightly rich versus peers but below the fair ratio leaves investors weighing whether they see more risk of the P/E drifting toward 6.2x or edging closer to 20.1x. See what the numbers say about this price — find out in our valuation breakdown. The mix of optimism and caution around NCR Atleos in this article is clear, so it makes sense to review the numbers yourself and decide where you stand. To frame both sides of the debate in one place, start with the 3 key rewards and 1 important warning sign. If you stop with NCR Atleos, you miss the chance to stack it up against other focused ideas that could fit your goals just as well. Spot potential mispricing by scanning companies that screen as higher quality and possibly overlooked through screener containing 18 high quality undiscovered gems. Strengthen your core holdings by reviewing companies that pair financial resilience with dependable fundamentals using the solid balance sheet and fundamentals stocks screener (49 results). Build a steadier income stream by checking stocks that combine higher yields with a focus on resilience in the 11 dividend fortresses. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NATL. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

NCR Atleos (NATL) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +28.45%. A quarter ago, it was expected that this provider of ATM services would post earnings of $1 per share when it actually produced earnings of $0.65, delivering a surprise of -35%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. NCR Atleos, which belongs to the Zacks Internet - Software industry, posted revenues of $1.1 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.4%. This compares to year-ago revenues of $1.1 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. NCR Atleos shares have added about 23.3% since the beginning of the year versus the S&P 500's gain of 13%. While NCR Atleos has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for NCR Atleos was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.31 on $1.14 billion in revenues for the coming quarter and $4.97 on $4.48 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Zoom Communications (ZM), another stock in the same industry, has yet to report results for the quarter ended July 2026. The results are expected to be released on August 25. This video-conferencing company is expected to post quarterly earnings of $1.50 per share in its upcoming report, which represents a year-over-year change of -2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Zoom Communications' revenues are expected to be $1.27 billion, up 4.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NCR Atleos Corporation (NATL) : Free Stock Analysis Report Zoom Communications, Inc. (ZM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Brink's Company (The)? Here are five stocks we like better. Brink’s delivered strong Q2 results, with 4% organic revenue growth, 11% adjusted EBITDA growth to $257 million, and record operating and EBITDA margins. The company also generated $468 million in trailing 12-month free cash flow. AMS/DRS revenue increased 14%, supported by major retail, banking and ATM outsourcing wins. Management expects second-half AMS/DRS growth toward the top end of its mid-to-high-teens full-year outlook. Brink’s raised its full-year profit outlook while maintaining its revenue-growth framework, and now expects the NCR Atleos acquisition to close in early Q1, subject to remaining approvals. Leverage is expected to temporarily exceed 3x following the deal, with debt repayment prioritized in 2026. Amid Tech Volatility, These 3 Stocks Are Up & Boosting Buybacks Brink's (NYSE:BCO) reported second-quarter results marked by 4% organic revenue growth, a 14% increase in ATM Managed Services and Digital Retail Solutions revenue, and record second-quarter operating and EBITDA margins, while raising its full-year profit expectations. Chief Executive Officer Mark Eubanks said the company’s AMS/DRS businesses have now delivered mid-teens or better organic revenue growth for 14 consecutive quarters. Revenue from those offerings has more than doubled over that period to exceed $1.5 billion, he said. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control “We delivered a strong second quarter with organic growth of 4% and ATM Managed Services and Digital Retail Solutions, or AMS/DRS, growing 14%,” Eubanks said. He added that customer wins and scheduled deployments provide visibility into continued growth in the second half of the year. Revenue rose 7% from a year earlier, including 4% constant-currency growth and a 3% foreign-exchange benefit, according to CFO Kurt McMaken. Adjusted EBITDA increased 11% to $257 million, while EBITDA margin expanded 70 basis points to 18.5%. → 3 Drone Stocks That Should Soar After the Summer Slump Operating profit climbed $25 million, or 15%, to $190 million, producing a 13.6% operating margin. Brink’s reported income from continuing operations of $88 million, or $2.13 per diluted share, based on 41.5 million diluted shares. McMaken said earnings-per-share growth of 18% exceeded the company’s revenue growth rate. The company generated $468 million of trailing 12-month free cash flow, equal to 46% conversion from EBITDA. Management said it remains on track for full-year free-cash-flow conversion of 40% to 45%, citing the expected timing of tax payments, working capital and capital expenditures during the rest of the year. → The Bitcoin Comeback May Already Be Underway—2 ETFs for Exposure Brink’s said favorable revenue mix, pricing discipline and productivity initiatives supported margin expansion across all operating segments. Eubanks said the company’s Cash and Valuables Management business posted slightly positive organic growth, as growth in Global Services and pricing offset conversions into AMS/DRS offerings. AMS/DRS generated $50 million of organic revenue growth during the quarter. Some major installations and customer deployments shifted from the second quarter into the second half because of customer-driven timing decisions, management said. Brink’s recently signed an enterprise agreement with a large U.S. retail chain to provide a full DRS solution at more than 5,000 retail locations. Eubanks said the agreement will nearly double Brink’s share of wallet with that customer and could create productivity benefits by increasing route density across the company’s existing footprint. The company also cited an ATM outsourcing agreement for a European bank consortium, expected to come online during the second half, and an AMS contract with Mandiri Bank in Indonesia. Brink’s will service more than one-third of Mandiri’s ATM estate. Mandiri operates more than 13,000 ATMs, according to Eubanks. Management said AMS/DRS growth in the second half is expected to trend toward the top end of its full-year mid-to-high-teens framework. McMaken said AMS/DRS growth is predominantly volume-driven, reflecting new locations, deployments, new customers and expanded customer relationships rather than pricing. In North America, Brink’s reported a trailing 12-month EBITDA margin of 19.8% at the end of the second quarter, approaching management’s intermediate 20% target. Eubanks said that threshold is “not a destination,” citing potential for continued margin improvement through network density, productivity and expansion of recurring-service offerings. Brink’s said it now expects its pending acquisition of NCR Atleos to close early in the first quarter, subject to remaining regulatory approvals and customary closing conditions. Eubanks said shareholders of both companies approved the transaction with more than 99% of votes cast in favor. The company also received early termination from U.S. antitrust regulators and antitrust clearances in Brazil, India, Turkey and Colombia. Foreign-direct-investment approvals have been received across much of the company’s Eurozone footprint, including France, Germany, Spain, Italy and the United Kingdom. Brink’s has also received clearance in more than 80% of the jurisdictions needed for U.S. money transmitter licensing requirements, Eubanks said. Management said the companies will continue operating independently until the transaction closes while integration teams prepare to capture strategic benefits. Eubanks pointed to NCR Atleos’ Allpoint ATM network as a potential source of routing efficiencies and service-level improvements when combined with Brink’s retail network. Following the acquisition, Brink’s expects leverage to temporarily exceed three times net debt to adjusted EBITDA. The company plans to prioritize debt repayment during 2026 and targets net leverage below three times by the end of 2027. Brink’s reported standalone leverage of 2.7 times at the end of the second quarter and said it expects to reduce that figure to about 2.3 times before the transaction. Brink’s maintained its full-year revenue-growth framework while raising its full-year organic profit outlook after second-quarter EBITDA exceeded the midpoint of its previous guidance. Full-year organic revenue growth is expected to be in the mid-single digits. AMS/DRS organic growth is expected to be in the mid-to-high teens. EBITDA margin is expected to expand by 30 to 50 basis points. Foreign exchange is expected to provide a 1.5% to 2.5% full-year benefit, based on recent exchange rates. Free-cash-flow conversion is expected to be 40% to 45%. For the third quarter, Brink’s forecast revenue of $1.365 billion to $1.415 billion, adjusted EBITDA of $263 million to $283 million, and diluted EPS of $2.23 to $2.63. At the midpoint, the company expects EBITDA margin of approximately 19.6%, representing about 60 basis points of year-over-year expansion. The Brink's Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink's ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies. Brink's armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Brink's Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

ATLANTA, August 05, 2026--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) ("Atleos"), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today reported second quarter 2026 results. Key highlights include: Total revenue for the first six months of 2026 was $2.1 billion, up 3% year-over-year. Net income attributable to Atleos for the first six months was $87 million, up an impressive 64% year-over-year; Adjusted EBITDA for the first six months was $426 million, up 14% year-over-year. Self-Service Banking revenue for the first six months of 2026 increased 6% with Self-Service Banking Adjusted EBITDA growth of 9%. Network revenue was flat for the first six months of 2026 with Network Adjusted EBITDA growth of 10%. Tim Oliver, Atleos’ Chief Executive Officer, said, "NCR Atleos delivered another strong quarter and a very good first half of 2026. Our service-led growth initiatives and investment in product innovation are encouraging financial institutions and retailers to choose our differentiated and comprehensive offering to meet their evolving self-service needs. In the first half, service and software business paced our growth and ATM hardware revenue was steady at historically high 2025 levels. Productivity programs that outpaced war-related pressures and tariff relief allowed profit margins to improve significantly. "The regulatory and administrative processes required to complete our proposed transaction with The Brink’s Company are progressing and we now anticipate an accelerated timeline to close early in the first quarter of 2027. At the end of June, both Brink’s shareholders and NCR Atleos stockholders overwhelmingly voted to approve the transaction. This marked a significant step toward bringing together two great companies in a merger that will expand financial access, provide innovative solutions to our customers, and offer exciting opportunities to our employees," Mr. Oliver concluded. Andy Wamser, Chief Financial Officer, added, "We have completed several important milestones in the regulatory and administrative processes required to complete our proposed transaction with The Brink’s Company, and we continue to make meaningful progress toward closing. In the first half of the year, we again delivered results that met our internal plan. As we close out the year, we expect higher earnings and cash flow conversion that will allow us to further reduce our net leverage in advance of the anticipated transaction." Key Financial Highlights Q2 Total Revenue of $1.10 billion, flat year-over-year; with 70% from recurring revenue streams. Q2 Net Income Attributable to Atleos of $65 million, an increase of 67% year-over-year. Q2 Adjusted EBITDA of $254 million, an increase of 25% year-over-year. Q2 Diluted Earnings per Share of $0.86, an increase of 65% from prior year Q2; Adjusted Diluted Earnings per Share of $1.49, an increase of 67% from prior year Q2. Q2 Net Cash from operating activities of $30 million, Q2 Adjusted Free Cash Flow-unrestricted of $16 million. Second Quarter 2026 Operating Results Revenue Total Revenue of $1.10 billion was flat year over year for the second quarter of 2026, and included $776 million of recurring revenue, compared to $1.10 billion and $772 million, respectively, in the prior year period. Revenue from software and services (including ATMaaS) increased, offset by a reduction in hardware sales and associated installation services, and an expected reduction in other revenues as commercial agreements and commerce-related contracts with Voyix continued to wind down. Gross Margin Gross margin for the three months ended June 30, 2026 increased to 28.0% compared to 22.9% in the prior year period. The increase was driven by net tariff refunds, favorable product mix in software and services, productivity initiatives, and positive settlement processing and lower vault cash costs in the transaction business, offset by an increase in other costs, including fuel and memory chips. Adjusted gross margin increased from 24.9% to 30.2%. Net Income and Net Income Margin Net income attributable to Atleos for the second quarter of 2026 increased 67% to $65 million, or 6% of revenue, compared to $39 million, or 4% of revenue in the prior year period. Other Results Net cash from operating activities for the second quarter was $30 million. Adjusted free cash flow-unrestricted was $16 million. Pending Transaction with The Brink’s Company In light of the pending transaction with The Brink’s Company (Brink’s), Atleos will not be hosting an earnings conference call to review second quarter results or providing a financial outlook. References to Atleos’ website and/or other social media sites or platforms in this release do not incorporate by reference the information on such websites, social media sites, or platforms, and Atleos disclaims any such incorporation by reference. About Atleos Atleos (NYSE: NATL) is a leader in expanding self-service financial access, with industry-leading ATM expertise and experience, unrivaled operational scale including the largest independently-owned ATM network, always-on global services and constant innovation. Atleos improves operational efficiency for financial institutions, drives footfall for retailers and enables digital-first financial self-service experiences for consumers. Atleos is ranked #12 in Newsweek’s prestigious 2025 Top 100 Global Most Loved Workplaces® list. Atleos is headquartered in Atlanta, Ga., with approximately 20,000 employees globally. For more information, visit www.ncratleos.com. Forward-Looking Statements This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements use words such as "expect," "anticipate," "outlook," "intend," "plan," "confident," "believe," "will," "should," "would," "potential," "positioning," "proposed," "planned," "objective," "likely," "could," "may," and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Statements that describe or relate to Atleos’ plans, goals, intentions, strategies, or financial outlook, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Examples of forward-looking statements in this release including, but not limited to, statements regarding: Atleos’ proposed transaction with Brink’s, revenue acceleration in ATMaaS business, the expansion of our global self-service banking platform, recurring revenue opportunities, statements regarding Atleos’ performance, and impact from tariffs constitute "forward-looking statements" as defined in the Act. Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company’s present expectations. These risks and uncertainties include, but are not limited to, strategy and technology transforming our business model, our ability to integrate acquisitions and manage alliance activities, domestic and global economic and credit conditions, ability to properly assess expenses related to tariffs and other expenses, key employee retention and ability to attract talented employees, our relationships with third parties and any failures of our third-party suppliers, our level of indebtedness and our cash flow sufficiency to service our indebtedness, interest rate risks, terms governing our trade receivables liabilities, allegations or claims by third parties that our products and services infringe on intellectual property rights of others, our separation from NCR Corporation, the impact of, and our ability to remediate, any future material weaknesses in our internal control over financial reporting and the perceived reliability of Atleos’ financial statements if Atleos is unable to satisfy requirements of Section 404 of the Sarbanes Oxley Act, the failure of NCR Voyix Corporation ("Voyix") to perform under various transactions agreements, Atleos’ obligation to indemnify Voyix pursuant to the agreements entered into in connection with the spin-off (including with respect to material taxes), the risk that Voyix may not fulfill any obligations to indemnify Atleos under such agreements, currency movements and other risks of conducting business internationally and the impact of regulatory and litigation matters, the incurrence of significant costs related to the mergers with Brink’s (the "Transactions"); Brink’s ability to consummate the Transactions; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; Brink’s ability to finance the Transactions; the failure to obtain applicable regulatory approvals in a timely manner or otherwise; the failure to satisfy any other conditions to closing of the Transactions; failure to realize the anticipated benefits and synergies of the Transactions in the expected timeframe or at all, including as a result of a delay in consummating the Transactions; the focus of management’s time and attention on the Transactions and other potential disruptions arising from the Transactions; the effects of the announcement of the Transactions on Atleos’ business; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with banks, employees, customers or suppliers) may be greater than expected following the public announcement of the Transactions; the potential for litigation related to the Transactions; and Brink’s or Atleos’ ability to obtain certain third party or governmental regulatory consents, approvals or clearances. Additional information concerning these and other factors can be found in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and other filed proxy statements and reports. Any forward-looking statement speaks only as of the date on which it is made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. Reconciliation of Non-GAAP Financial Measures We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP adjusted financial measures. Management views and evaluates business performance on both a GAAP basis and by excluding costs and benefits associated with these non-GAAP adjusted financial measures. As a result, we believe the presentation of these non-GAAP adjusted financial measures better enables users of our financial information to view and evaluate underlying business performance from the same perspective as management. Non-GAAP adjusted financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Our non-GAAP adjusted financial measures do not represent a comprehensive basis of accounting and therefore may not be comparable to similarly titled measures reported by other companies. Non-GAAP Adjusted Gross Profit and Adjusted Gross Margin, Non-GAAP Adjusted Income from Operations, and Non-GAAP Adjusted Diluted Earnings per Share exclude, as applicable, acquisition-related costs, including costs related to the Brink’s transaction; pension mark-to-market adjustments and other one-time pension-related costs; separation-related costs; amortization of acquisition-related intangibles; stock-based compensation expense; transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); Voyix legal and environmental indemnification expense; foreign currency remeasurement impacts in hyper-inflationary countries; and other non-recurring or unusual items. Management uses these non-GAAP measures to evaluate performance consistently over various periods. Non-GAAP Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) and Adjusted EBITDA Margin are determined by taking Net income (loss) attributable to Atleos and adding back interest expense; income tax expense (benefit); depreciation and amortization; amortization of acquisition-related intangibles; acquisition-related costs, including costs related to the Brink’s transaction; pension mark-to-market adjustments and other one-time pension-related costs; separation-related costs; transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); stock-based compensation expense; Voyix legal and environmental indemnification expense; and other amounts included in Other income (expense), net. Adjusted EBITDA margin by segment is calculated based on segment Adjusted EBITDA divided by the related segment component of revenue. Management use these non-GAAP measures to allocate resources and to evaluate performance consistently from period to period. Adjusted free cash flow-unrestricted is calculated as net cash (used in) provided by operating activities less capital expenditures, less additions to capitalized software, plus/minus the change in restricted cash settlement activity, plus proceeds from certain sale-leaseback transactions, plus pension contributions and settlements, plus legal and environmental indemnification payments made to Voyix, and plus certain significant acquisition-related payments. Restricted cash settlement activity represents the net change in amounts collected on behalf of, but not yet remitted to, certain of our merchant customers or third-party service providers that are pledged for a particular use or restricted to support these obligations. These amounts can fluctuate significantly period to period based on the number of days for which settlement has not yet occurred or day of the week on which a reporting period ends. We believe Adjusted free cash flow-unrestricted is useful for investors because it indicates the amount of cash available for, among other things, investments in our existing businesses, strategic acquisitions and repayment of our debt obligations. Adjusted free cash flow-unrestricted does not represent the residual cash flow available, since there may be other non-discretionary expenditures that are not deducted from the measure. Adjusted free cash flow-unrestricted does not have a uniform definition under GAAP, and therefore Atleos’ definition may differ from other companies’ definitions of this measure. This non-GAAP measure should not be considered a substitute for, or superior to, cash flows from operating activities under GAAP. Adjusted free cash flow conversion is calculated by dividing Adjusted free cash flow-unrestricted by Adjusted EBITDA. Management uses Adjusted free cash flow conversion to demonstrate how much net income is converted into cash. Management believes that adjusted free cash flow is an important financial measure for use in evaluating the Company’s liquidity. Adjusted free cash flow should be considered in addition to, rather than as a substitute for, net cash provided by operating activities as a measure of our liquidity. Net leverage ratio, a financial valuation measure, is calculated by dividing Adjusted net debt by trailing twelve-month Adjusted EBITDA. We believe this ratio provides useful information to investors because it is an indicator of the Company’s ability to meet its future financial obligations. In addition, the net leverage ratio is a measure frequently used by investors and credit rating agencies. Use of Certain Terms Adjusted Net Debt is based on our total debt less cash and cash equivalents, with total debt defined as total short-term borrowings plus total long-term borrowings as presented on the Consolidated Balance Sheets. Recurring revenue is all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, processing revenue, interchange and network revenue, Bitcoin-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights. Annualized Recurring Revenue ("ARR") is an operating metric that we define as recurring revenue, excluding software licenses sold as a subscription, for the last three months times four, plus the rolling four quarters for term-based software license arrangements that include customer termination rights. We believe this metric may be useful to investors in evaluating the Company’s achievement of strategic goals related to the conversion of the self-service banking business to recurring revenue streams over time. ARR does not necessarily reflect the pattern of revenue recognition in accordance with GAAP and should not be considered a substitute for GAAP revenue. Last twelve months average revenue per unit ("LTM ARPU") is an operating metric for the Network segment that we define as total Network segment revenue for the previous twelve months divided by the average Network Managed Units for the previous twelve months. We believe this metric may be useful to investors in evaluating our achievement of strategic goals related to the improved monetization of our ATM fleet over a specified period, excluding the impact of seasonality. LTM ARPU does not represent revenue generated solely by our Network Managed Units, as total Network segment revenue includes revenue generated from other sources. Network Managed Units are all transacting ATMs as of period end, whether Company-owned or Merchant-owned, other than those for which we only provide third-party processing services and those under legacy managed services arrangements. The following table presents the recurring revenue and all other products and services revenue that is recognized at a point in time: View source version on businesswire.com: https://www.businesswire.com/news/home/20260805452979/en/ Contacts News Media Contact Scott SykesNCR Atleos [email protected] Investor Contact Omar AzimiNCR Atleos [email protected]

NCR Atleos Corporation recently reported past first-quarter 2026 results, with revenue rising to US$1,043 million and net income improving to US$22 million compared with a year earlier. The jump in basic earnings per share from continuing operations to US$0.30 highlights stronger profitability even on a relatively steady revenue base. Next, we'll explore how this earnings improvement, particularly the higher net income, may influence NCR Atleos' existing investment narrative. We've uncovered the 14 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own NCR Atleos, you need to believe its ATM focused model can keep generating healthy, recurring cash flow while it shifts more toward services and ATMaaS partnerships. The latest quarter’s higher net income and EPS support that profitability angle in the short term, but do not materially change the near term focus on the Brink’s acquisition outcome and the key risk that cash and ATM usage could trend lower over time. Among recent announcements, the definitive agreement for Brink’s to acquire NCR Atleos for about US$3.9 billion stands out as most relevant. The earnings improvement adds context to that deal by showing the business entering the transaction with better margins, while the merger itself now sits at the center of the catalyst story, including expected cost efficiencies and the question of how the combined group will manage industry shifts in cash usage. Yet behind these steady earnings and the pending Brink’s deal, there is a key risk investors should be aware of involving NCR Atleos’ dependence on... Read the full narrative on NCR Atleos (it's free!) NCR Atleos' narrative projects $4.9 billion revenue and $552.4 million earnings by 2029. Uncover how NCR Atleos' forecasts yield a $50.27 fair value, a 12% upside to its current price. Some of the lowest ranked analysts took a far gloomier view, assuming revenue of about US$4.8 billion and earnings near US$376 million by 2028, so you should expect that opinions on whether rising ATMaaS recurring revenue can offset structural pressure on cash access may shift again after this latest earnings update. Explore 3 other fair value estimates on NCR Atleos - why the stock might be worth as much as 12% more than the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your NCR Atleos research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. Our free NCR Atleos research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NCR Atleos' overall financial health at a glance. Our top stock finds are flying under the radar-for now. Get in early: Capitalize on the AI infrastructure supercycle with our selection of the 39 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. Uncover the next big thing with 28 elite penny stocks that balance risk and reward. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NATL. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

NCR Atleos (NATL) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -34.67%. A quarter ago, it was expected that this provider of ATM services would post earnings of $1.32 per share when it actually produced earnings of $1.49, delivering a surprise of +12.88%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. NCR Atleos, which belongs to the Zacks Internet - Software industry, posted revenues of $1.04 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $980 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. NCR Atleos shares have added about 15.5% since the beginning of the year versus the S&P 500's gain of 6%. While NCR Atleos has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for NCR Atleos was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.16 on $1.12 billion in revenues for the coming quarter and $4.97 on $4.48 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Datadog (DDOG), another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7. This data analytics and cloud monitoring company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +8.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Datadog's revenues are expected to be $956.88 million, up 25.7% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NCR Atleos Corporation (NATL) : Free Stock Analysis Report Datadog, Inc. (DDOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Brink's Company (The)? Here are five stocks we like better. Brink's reported Q1 results at the upper end of guidance with revenue up ~10% year-over-year (4.5% organic), led by a 15% organic increase in AMS/DRS; adjusted EBITDA was $238 million (17.3% margin) and EPS was $1.80 (+11%). Cash generation strengthened as trailing 12‑month EBITDA reached about $1 billion and trailing 12‑month free cash flow exceeded $500 million (50% conversion), while net debt/adjusted EBITDA was 2.7x with a target of ~2.3x by year-end 2026. Brink's is advancing the pending NCR Atleos acquisition, targeting close by end‑Q1 2027, expects roughly $200 million of cost synergies and sees pro forma leverage of ~3.4x at close but below 3x by end‑2027, with combined free cash flow potential of about $1 billion. Amid Tech Volatility, These 3 Stocks Are Up & Boosting Buybacks Brink's (NYSE:BCO) reported first-quarter 2026 results that management said came in at the upper end of its guidance ranges, driven by continued growth in higher-margin ATM Managed Services and Digital Retail Solutions (AMS/DRS) and improving cash generation. CEO Mark Eubanks said the company is “off to a strong start to the year” and reiterated confidence in its full-year framework as Brink’s also works toward its pending acquisition of NCR Atleos. Eubanks said first-quarter revenue growth was 10%, including 4.5% organic growth, “driven mostly by 15% organic growth in ATM Managed Services and Digital Retail Solutions.” He highlighted customer activity including the onboarding of Pandora in DRS and “good momentum in AMS, especially in the Rest of World segment.” At the segment level, he said Rest of World delivered 7% organic growth, supported by “strong precious metals activity in the global services line of business.” → Berkshire Hathaway’s Record Cash Hoard: Why and What's Next? Brink’s reported adjusted EBITDA of $238 million with a 17.3% margin. Eubanks attributed margin expansion to “organic growth, favorable revenue mix, and good underlying productivity,” and noted margin expansion of more than 100 basis points in both North America and Rest of World, 240 basis points in Europe, and 10 basis points overall. CFO Kurt McMaken added that revenue increased 10% with 5% constant-currency growth and “a 6% tailwind from foreign currency.” He said adjusted EBITDA rose 10% to $238 million, while operating profit increased 12%, supported by “favorable revenue mix, pricing discipline, and productivity in both labor and fleet.” Earnings per share were $1.80, up 11%, according to McMaken. → A Prada Payday: Is AMC Back in Style? Management emphasized progress in free cash flow and working capital. Eubanks said trailing 12-month EBITDA reached $1 billion “for the first time in our history,” and trailing 12-month free cash flow exceeded $500 million for the first time, with conversion from EBITDA of 50%. He said free cash flow has more than doubled since year-end 2022, “with free cash flow now exceeding $12 per share,” and noted improvements in days sales outstanding and days payable outstanding. McMaken reported trailing 12-month free cash flow of $502 million at quarter-end and said the company enhanced its cash flow disclosures to isolate cash flows related to the NCR Atleos acquisition. Those cash flows were $2 million in the quarter and are expected to total $50 million to $60 million for the full year, he said. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% On capital allocation, McMaken said Brink’s ended the quarter with leverage of 2.7x net debt to adjusted EBITDA and expects “net debt leverage reduction to be the primary focus” in 2026, targeting approximately 2.3x standalone leverage by year-end 2026. Assuming a first-quarter 2027 closing of the NCR Atleos deal, he said the company expects leverage to be around 3.4x at closing and “below 3x by the end of 2027,” while maintaining a longer-term target range of 2x to 3x. McMaken also noted the company completed roughly $30 million of share repurchases prior to the NCR Atleos acquisition announcement, reducing shares outstanding by 5%. Eubanks said AMS/DRS organic revenue growth was approximately $50 million in the quarter, representing a 15% growth rate and marking the “13th consecutive quarter of at least 15% organic growth in AMS DRS.” He cautioned that sequential comparisons were affected by “strong growth related to one-time equipment sales” in the fourth quarter, primarily in North America. In response to a question from Goldman Sachs analyst George Tong about what portion of DRS growth came from conversions versus new customers, Eubanks said installs remained consistent with prior quarters: about one-third from conversions of existing customers and two-thirds from new customers. He said conversions create “a little bit of headwind in CVM,” but bring “better margin” and recurring revenue benefits. Asked about sustainable growth, Eubanks said the company expects “mid to high teens organic growth” to continue, citing pipeline strength and typical seasonality in installations, which tend to be lighter during the fourth-quarter retail season. Brink’s also highlighted a DRS win with Paradies, a travel retailer and restaurateur operating more than 700 airport stores across North America. Eubanks said Brink’s designed a bespoke solution with front-office recyclers and smart safes integrated with Paradies’ POS software. He said the solution is intended to reduce cash handling time, track transactions “down to the teller level,” reduce shrink, and shift the service deliverable toward “overnight electronic deposits,” which he said creates more flexible routing options for Brink’s. The company completed a trial phase and is planning a broader rollout over the remainder of the year. On geographic differences in demand, Eubanks told Truist analyst Tobey Sommer that AMS/DRS growth is broadening globally, calling out Mexico’s DRS momentum and activity in Argentina and Brazil. He also pointed to Rest of World AMS momentum in “big cash markets” at an earlier stage of adoption, citing deployments in the Philippines and a win with Indonesia’s largest national bank for about 5,000 ATMs. In North America, Eubanks said DRS continues to gain traction and is contributing to margin progress. He said North America EBITDA margins expanded 170 basis points year-over-year in the first quarter, bringing trailing 12-month segment margins to 19.5% as the company progresses toward a 20% target. He attributed the improvement to revenue mix, growth in AMS/DRS, and network productivity, including improvements in revenue per vehicle and labor as a percentage of revenue. On bank outsourcing in the U.S., Eubanks said discussions are ongoing but adoption of full outsourcing remains slower than in Rest of World. He said the NCR Atleos acquisition is intended to help by enabling “a full vertical solution” and increasing confidence in outsourcing outcomes. Eubanks said Brink’s has continued shareholder outreach while also advancing financing, regulatory, and filing work for the NCR Atleos transaction. He said the company refinanced the secured portion of its bridge loan at the end of March, filed its registration statement “just last week,” and is moving toward a shareholder vote in the coming months. Regulatory filings have been submitted “in many jurisdictions,” with reviews progressing as expected, he said. Eubanks said NCR Atleos’ first-quarter results were expected to be filed after the market close and that Brink’s understands those results to be “in line with our business case modeling and on track with our full-year projections.” He said a dedicated Brink’s integration management team has been created and is separate from day-to-day operations, with a focus on executing cost synergies after closing. Brink’s continues to expect closing by the end of the first quarter of 2027. Management reiterated strategic and financial expectations tied to the acquisition, including previously identified $200 million of cost synergies. Eubanks also said Brink’s has completed a secured financing arrangement that would allow it to absorb $1.6 billion of NCR Atleos bank debt at a rate more than one percentage point better than NCR Atleos’ current level. While emphasizing near-term leverage reduction, he said the combined companies are expected to generate $1 billion of free cash flow. In Q&A, McMaken and Eubanks also pointed to potential benefits from the combination in capital efficiency, working capital, procurement, and “cash interest and cash taxes,” though they said those opportunities would be developed further with the combined firm. For guidance, McMaken said Brink’s 2026 framework remains unchanged, including mid-single-digit organic growth, mid-to-high-teens organic growth in AMS/DRS, EBITDA margin expansion of 30 to 50 basis points, and free cash flow conversion of 40% to 45%. For the second quarter, Brink’s expects revenue of $1.37 billion to $1.43 billion and adjusted EBITDA of $245 million to $265 million, with EPS expected between $1.85 and $2.25. The Brink's Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink's ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies. Brink's armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting. The article "Brink's Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

ATLANTA, May 06, 2026--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) ("Atleos"), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today reported first quarter 2026 results. Key highlights include: Total revenue of $1.04 billion, an increase of 7% year over year with 72% from recurring revenue streams. Self-Service Banking revenue grew approximately 12% year-over-year, led by approximately 30% growth in ATM as a Service ("ATMaaS") and 23% hardware growth. Market adoption of our recycling technology continues to accelerate growth in hardware orders. ATMaaS delivered approximately 30% year-over-year growth with new market expansion in Europe and Latin America. Network revenue demonstrated growth of approximately 1% on a year-over-year basis. Allpoint core transaction volumes remain robust and are approaching all‑time highs, fueled by the expansion of one of the largest convenience retailers and a renewal with one of the largest neobanks in North America. Net income attributable to Atleos of $22 million; Adjusted EBITDA of $172 million. Results were in line with plan even as we absorbed net tariff and higher memory costs impacts of approximately $11 million; up significantly from the prior year. Tim Oliver, Atleos’ Chief Executive Officer, said, "NCR Atleos delivered another strong quarter of financial results. Our service-led growth initiatives continue to pay dividends as financial institutions and retailers increasingly select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew 23% year-over-year further extending our global install base and driving meaningful, multi-year recurring revenue from attached services and licensed software. ATM as a Service business increased approximately 30% driven by continued growth in North America and Asia, as well as new expansion into Latin America and Europe. "During the quarter, we continued the global rollout of our AI‑enabled dispatch solution across Europe, delivering improved efficiency, customer satisfaction and cost savings. The Europe rollout follows the successful implementation of our AI dispatch solution last year in North America. "The regulatory and administrative processes required to complete our proposed transaction with The Brink’s Company are underway and we continue to target a closing by the end of the first quarter of 2027. We expect that combining the complementary businesses of Brink’s and Atleos will enable us to enhance offerings to financial institutions and retailers, and we continue to aim to expand financial access for customers. The transaction will deliver significant value to our shareholders and create new opportunities for our employees," Mr. Oliver concluded. Andy Wamser, Chief Financial Officer, added, "Despite a volatile backdrop, we again delivered results that met our internal plan. We anticipate continued sequential growth in earnings and free cash flow, coupled with improved net leverage as we progress through the year." Key Financial Highlights Q1 Total Revenue of $1.04 billion, an increase of 7% y/y; with 72% from recurring revenue streams. Q1 Net Income Attributable to Atleos of $22 million, an increase of 57% y/y. Q1 Adjusted EBITDA of $172 million, flat y/y. Q1 Diluted Earnings per Share of $0.29, an increase of 53% from prior year Q1; Adjusted Diluted Earnings per Share of $0.65, an increase of 2% from prior year Q1. Q1 Net Cash used in operating activities of $9 million, Q1 Adjusted Free Cash Flow-unrestricted of $(13) million. First Quarter 2026 Operating Results Revenue Total Revenue increased 7% or $64 million, to $1.04 billion in the first quarter of 2026, including $754 million of recurring revenue, compared to $979 million and $741 million, respectively, in the prior year period. Revenue growth was driven by Self-Service Banking with increases in hardware sales and related installation revenues, software, and continued growth in ATMaaS. Gross Margin Gross margin for the three months ended March 31, 2026 decreased to 22.4% compared to 23.7% for the prior year period. The decrease was primarily due to the impact of higher tariffs and increases in vault cash expense and the cost of certain products used in manufacturing, partially offset by a favorable mix of higher margin software and services revenue, including ATMaaS growth. Adjusted gross margin decreased from 25.9% to 24.5%. Net Income and Net Income Margin Net income attributable to Atleos for the first quarter of 2026 increased 57% to $22 million, or 2% of revenue, compared to $14 million, or 1% of revenue in the prior year period. Other Results Net cash used in operating activities for the first quarter was $9 million. Adjusted free cash flow-unrestricted was $(13) million. Pending Transaction with The Brink’s Company In light of the pending transaction with The Brink’s Company (Brink’s), Atleos will not be hosting an earnings conference call to review the first quarter results or providing a financial outlook. References to Atleos’ website and/or other social media sites or platforms in this release do not incorporate by reference the information on such websites, social media sites, or platforms, and Atleos disclaims any such incorporation by reference. About Atleos Atleos (NYSE: NATL) is the leader in expanding self-service financial access, with industry-leading ATM expertise and experience, unrivaled operational scale including the largest independently-owned ATM network, always-on global services and constant innovation. Atleos improves operational efficiency for financial institutions, drives footfall for retailers and enables digital-first financial self-service experiences for consumers. Atleos is ranked #12 in Newsweek’s prestigious 2025 Top 100 Global Most Loved Workplaces® list. Atleos is headquartered in Atlanta, Ga., with approximately 20,000 employees globally. For more information, visit www.ncratleos.com. Forward-Looking Statements This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements use words such as "expect," "anticipate," "outlook," "intend," "plan," "confident," "believe," "will," "should," "would," "potential," "positioning," "proposed," "planned," "objective," "likely," "could," "may," and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Statements that describe or relate to Atleos’ plans, goals, intentions, strategies, or financial outlook, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Examples of forward-looking statements in this release including, but not limited to, statements regarding: Atleos’ proposed transaction with Brink’s, net leverage, revenue acceleration in ATMaaS business, 2026 total Revenue, Adjusted EBITDA, Adjusted Diluted EPS, Adjusted Free Cash Flow-unrestricted, cash flow and liquidity, and impact from tariffs, immigration and interest rates, constitute "forward-looking statements" as defined in the Act. Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company’s present expectations. These risks and uncertainties include, but are not limited to, strategy and technology transforming our business model, our ability to integrate acquisitions and manage alliance activities, domestic and global economic and credit conditions, ability to properly assess expenses related to tariffs and other expenses, key employee retention and ability to attract talented employees, our relationships with third parties and any failures of our third-party suppliers, our level of indebtedness and our cash flow sufficiency to service our indebtedness, interest rate risks, terms governing our trade receivables liabilities, allegations or claims by third parties that our products and services infringe on intellectual property rights of others, our separation from NCR Corporation, the impact of, and our ability to remediate, any future material weaknesses in our internal control over financial reporting and the perceived reliability of Atleos’ financial statements if Atleos is unable to satisfy requirements of Section 404 of the Sarbanes Oxley Act, the failure of NCR Voyix Corporation ("Voyix") to perform under various transactions agreements, Atleos’ obligation to indemnify Voyix pursuant to the agreements entered into in connection with the spin-off (including with respect to material taxes), the risk that Voyix may not fulfill any obligations to indemnify Atleos under such agreements, currency movements and other risks of conducting business internationally and the impact of regulatory and litigation matters, the incurrence of significant costs related to the mergers with Brink’s (the "Transactions"); Brink’s ability to consummate the Transactions; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; Brink’s ability to finance the Transactions; the failure to obtain applicable regulatory or shareholder approvals in a timely manner or otherwise; the failure to satisfy any other conditions to closing of the Transactions; failure to realize the anticipated benefits and synergies of the Transactions in the expected timeframe or at all, including as a result of a delay in consummating the Transactions; the focus of management’s time and attention on the Transactions and other potential disruptions arising from the Transactions; the effects of the announcement of the Transactions on Atleos’ business; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with banks, employees, customers or suppliers) may be greater than expected following the public announcement of the Transactions; the potential for litigation related to the Transactions; and Brink’s or Atleos’ ability to obtain certain third party or governmental regulatory consents, approvals or clearances. Additional information concerning these and other factors can be found in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q and other filed proxy statements and reports. Any forward-looking statement speaks only as of the date on which it is made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. Reconciliation of Non-GAAP Financial Measures We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP adjusted financial measures. Management views and evaluates business performance on both a GAAP basis and by excluding costs and benefits associated with these non-GAAP adjusted financial measures. As a result, we believe the presentation of these non-GAAP adjusted financial measures better enables users of our financial information to view and evaluate underlying business performance from the same perspective as management. Non-GAAP adjusted financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Our non-GAAP adjusted financial measures do not represent a comprehensive basis of accounting and therefore may not be comparable to similarly titled measures reported by other companies. Non-GAAP Adjusted Gross Profit and Adjusted Gross Margin, Non-GAAP Adjusted Income from Operations, and Non-GAAP Adjusted Diluted Earnings per Share exclude, as applicable, acquisition-related costs, including costs related to the Brink’s transaction; pension mark-to-market adjustments and other one-time pension-related costs; separation-related costs; amortization of acquisition-related intangibles; stock-based compensation expense; transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); Voyix legal and environmental indemnification expense; foreign currency remeasurement impacts in hyper-inflationary countries; and other non-recurring or unusual items. Management uses these non-GAAP measures to evaluate performance consistently over various periods. Non-GAAP Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) and Adjusted EBITDA Margin are determined by taking Net income (loss) attributable to Atleos and adding back interest expense, net; income tax expense (benefit); depreciation and amortization; acquisition-related costs, including costs related to the Brink’s transaction; pension mark-to-market adjustments and other one-time pension-related costs; separation-related costs; transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); stock-based compensation expense; Voyix legal and environmental indemnification expense; and other amounts included in Other income (expense), net. Adjusted EBITDA margin by segment is calculated based on segment Adjusted EBITDA divided by the related segment component of revenue. Management use these non-GAAP measures to allocate resources and to evaluate performance consistently from period to period. Adjusted free cash flow-unrestricted is calculated as net cash provided by operating activities less capital expenditures, less additions to capitalized software, plus/minus the change in restricted cash settlement activity, plus proceeds from certain sale-leaseback transactions, plus pension contributions and settlements, and plus legal and environmental indemnification payments made to Voyix. Restricted cash settlement activity represents the net change in amounts collected on behalf of, but not yet remitted to, certain of our merchant customers or third-party service providers that are pledged for a particular use or restricted to support these obligations. These amounts can fluctuate significantly period to period based on the number of days for which settlement has not yet occurred or day of the week on which a reporting period ends. We believe Adjusted free cash flow-unrestricted is useful for investors because it indicates the amount of cash available for, among other things, investments in our existing businesses, strategic acquisitions and repayment of our debt obligations. Adjusted free cash flow-unrestricted does not represent the residual cash flow available, since there may be other non-discretionary expenditures that are not deducted from the measure. Adjusted free cash flow-unrestricted does not have a uniform definition under GAAP, and therefore Atleos’ definition may differ from other companies’ definitions of this measure. This non-GAAP measure should not be considered a substitute for, or superior to, cash flows from operating activities under GAAP. Adjusted free cash flow conversion is calculated by dividing Adjusted free cash flow-unrestricted by Adjusted EBITDA. Management uses Adjusted free cash flow conversion to demonstrate how much net income is converted into cash. Management believes that adjusted free cash flow is an important financial measure for use in evaluating the Company’s liquidity. Adjusted free cash flow should be considered in addition to, rather than as a substitute for, net cash provided by operating activities as a measure of our liquidity. Net leverage ratio, a financial valuation measure, is calculated by dividing Adjusted net debt by trailing twelve-month Adjusted EBITDA. We believe this ratio provides useful information to investors because it is an indicator of the Company’s ability to meet its future financial obligations. In addition, the net leverage ratio is a measure frequently used by investors and credit rating agencies. Use of Certain Terms Adjusted Net Debt is based on our total debt less cash and cash equivalents, with total debt defined as total short-term borrowings plus total long-term borrowings as presented on the Consolidated Balance Sheets. Recurring revenue is all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, processing revenue, interchange and network revenue, Bitcoin-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights. Annualized Recurring Revenue ("ARR") is an operating metric that we define as recurring revenue, excluding software licenses sold as a subscription, for the last three months times four, plus the rolling four quarters for term-based software license arrangements that include customer termination rights. We believe this metric may be useful to investors in evaluating the Company’s achievement of strategic goals related to the conversion of the self-service banking business to recurring revenue streams over time. ARR does not necessarily reflect the pattern of revenue recognition in accordance with GAAP and should not be considered a substitute for GAAP revenue. Last twelve months average revenue per unit ("LTM ARPU") is an operating metric for the Network segment that we define as total Network segment revenue for the previous twelve months divided by the average Network Managed Units for the previous twelve months. We believe this metric may be useful to investors in evaluating our achievement of strategic goals related to the improved monetization of our ATM fleet over a specified period, excluding the impact of seasonality. LTM ARPU does not represent revenue generated solely by our Network Managed Units, as total Network segment revenue includes revenue generated from other sources. Network Managed Units are all transacting ATMs as of period end, whether Company-owned or Merchant-owned, other than those for which we only provide third-party processing services and those under legacy managed services arrangements. The following table presents the recurring revenue and all other products and services revenue that is recognized at a point in time: View source version on businesswire.com: https://www.businesswire.com/news/home/20260506738702/en/ Contacts News Media Contact Scott Sykes NCR Atleos Corporation [email protected] Investor Contact Omar Azimi NCR Atleos Corporation [email protected]