Financial technology company NCR Atleos (NYSE: NATL) missed Wall Street’s revenue expectations in Q2 CY2026, with sales flat year on year at $1.1 billion. Its non-GAAP profit of $1.49 per share was 52.8% above analysts’ consensus estimates.
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NCR Atleos (NATL) Q2 CY2026 Highlights:
- Revenue: $1.1 billion vs analyst estimates of $1.13 billion (flat year on year, 2.6% miss)
- Pre-tax Profit: $90 million (8.2% margin)
- Adjusted EPS: $1.49 vs analyst estimates of $0.98 (52.8% beat)
- Market Capitalization: $3.47 billion
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.
Company Overview
Spun off from NCR Voyix in 2023 to focus exclusively on self-service banking technology, NCR Atleos (NYSE: NATL) provides self-directed banking solutions including ATM and interactive teller machine technology, software, services, and a surcharge-free ATM network for financial institutions and retailers.
Revenue Growth
A company’s long-term sales performance can indicate its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Regrettably, NCR Atleos’s revenue grew at a weak 1.3% compounded annual growth rate over the last four years. This fell short of our benchmarks and is a poor baseline for our analysis.
Long-term growth is the most important, but within financials, a stretched historical view may miss recent interest rate changes and market returns. NCR Atleos’s annualized revenue growth of 1.4% over the last two years aligns with its four-year trend, suggesting its demand was consistently weak. 
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, NCR Atleos missed Wall Street’s estimates and reported a rather uninspiring 0.1% year-on-year revenue decline, generating $1.1 billion of revenue.
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Key Takeaways from NCR Atleos’s Q2 Results
It was good to see NCR Atleos beat analysts’ EPS expectations this quarter. We were also excited its EBITDA outperformed Wall Street’s estimates by a wide margin. On the other hand, its revenue missed. Overall, this print had some key positives. The stock remained flat at $47.35 immediately after reporting.
Sure, NCR Atleos had a solid quarter, but if we look at the bigger picture, is this stock a buy? If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here (it’s free).
