NCR Atleos posted another strong quarter and carries strategic momentum into the second half of 2025. Once again, our team delivered revenue and profitability at the high-end of our expectations, all while driving industry-leading service levels, executing productivity initiatives and advancing strategic growth efforts. Robust demand for our self-service banking technology coupled with accelerating interest in ATM outsourcing resulted in a strong order book and backlog. We continue to believe that our full year guidance ranges are appropriate and remain confident that our simple strategy to generate more service revenue from every machine across our leading global installed base will create significant shareholder value,” said Tim Oliver, President and Chief Executive Officer.

“Atleos has made great progress since separating from our former parent six quarters ago as evidenced by solid financial results, a strengthening balance sheet and the continued successful execution of our services-led strategy. As we approach the leverage goals we identified at the time of separation, and in anticipation of steadily increasing free cash flow, we expect a redeployment strategy that balances returning cash to shareholders, accretive growth investments and further reduction in net leverage. To that end, I am pleased to announce that our Board of Directors has authorized a $200 million share repurchase program with a two year duration,” Mr. Oliver concluded. 

Second Quarter 2025 Operating Results

• Revenue increased 2% year-over-year to $1.10 billion, including $773 million of recurring revenue, compared to $1.08 billion and $792 million, respectively, in the prior year period.

• Gross profit increased 1% year-over-year to $253 million on a GAAP basis, compared to $251 million in the prior year period. Adjusted gross profit (non-GAAP) was flat year-over-year at $275 million, compared to $274 million in the prior year period.

• Gross margin decreased 30 basis points year-over-year to 22.9% on a GAAP basis, compared to 23.2% in the prior year period. Adjusted gross margin (non-GAAP) decreased 50 basis points year-over-year to 24.9%, compared to 25.4% in the prior year period.

• Income from operations increased 11% year-over-year to $120 million on a GAAP basis, compared to $108 million in the prior year period. Adjusted income from operations (non-GAAP) increased 4% year-over-year to $159 million, compared to $153 million in the prior year period.

• Net income attributable to Atleos increased 50% year-over-year to $45 million, or 4% of revenue on a GAAP basis, compared to net income attributable to Atleos of $30 million, or 3% of revenue in the prior year period.

• Adjusted EBITDA increased 4% year-over-year to $205 million, compared to $197 million in the prior year period. Adjusted EBITDA margin expanded 40 basis points year-over-year to 18.6% from 18.2% in the prior year period.

• Diluted earnings per share increased 46% year-over-year to $0.60 on a GAAP basis, compared to $0.41 in the prior year period. Non-GAAP diluted earnings per share increased 9% year-over-year to $0.93, compared to $0.85 in the prior year period.

• Net cash used by operating activities was $23 million. Adjusted free cash flow-unrestricted was $15 million.

You can read more announcement details here: Newsroom | NCR Atleos Corporation Reports Second Quarter 2025 Results | NCR Atleos