NCR Atleos posts $1B+ revenue as self-service banking demand surges in Q1 2026

NCR Atleos Corporation has reported strong financial results for the first quarter of 2026. The company saw total revenue rise to $1.04 billion, marking a 7% increase compared to the same period last year. Growth was driven by higher demand for its self-service banking solutions and recycling technology. Self-Service Banking revenue climbed by roughly 12% year-over-year. Within this segment, ATM as a Service (ATMaaS) led the way with a 30% jump, while hardware sales grew by 23%. The surge in hardware orders came as more businesses adopted recycling technology for ATMs.

Network revenue also edged up by about 1%, supported by rising transaction volumes. Allpoint, the company’s global ATM network, saw core transactions nearing record levels. This growth followed an expansion deal with a major convenience retailer and a renewed partnership with a leading neobank. Profitability improved significantly, with net income reaching $22 million—a 57% increase from the previous year. Diluted earnings per share rose by 53%, landing at $0.29. However, Adjusted EBITDA remained flat at $172 million, and Adjusted Free Cash Flow stood at negative $13 million.

The company’s first-quarter performance highlights strong demand for its banking and recycling solutions. ATMaaS expansion in Europe and Latin America, along with higher transaction volumes, contributed to the revenue growth. Despite mixed cash flow figures, the results reflect a solid start to 2026.