Ncr Atleos(NYSE) NATL

NCR Atleos Corporation NYSE:NATL helps people get cash from machines worldwide. It makes banking easier for banks and their customers. The company manages a global network of automated teller machines.

Automated Banking Solutions

• Self-Service Banking: Automated teller machine hardware and software for financial institutions and retailers; generated $741 million in revenue during the three months ended June 30, 2026.
• Network Services: Infrastructure for cash withdrawals and deposits including the Allpoint network; generated $316 million in revenue for the three months ended June 30, 2026.
• Telecommunications and Technology: Managed network and infrastructure support for enterprise clients; generated $41 million in revenue during the three months ended June 30, 2026.

The Path to a Merger

• Entered a merger agreement with The Brink's Company on Feb. 26, 2026.
• Received stockholder approval for the merger on June 30, 2026.
• Secured consents from note holders on March 11, 2026, to modify debt terms.
• Transitioned the business toward an ATM as a Service model to increase recurring revenue.

What Makes Atleos Different

The company serves a global customer base across the Americas, Europe, Africa, and Asia. It uses artificial intelligence to manage machine performance and improve availability for consumers.

A Look at the Books

• Total revenue reached $2.15 billion for the six months ended June 30, 2026, up 3% year over year.
• Net income attributable to the company was $87 million for the six months ended June 30, 2026, up 64% year over year.
• Recurring revenue accounted for 70.4% of total revenue during the three months ended June 30, 2026.
• Cash and cash equivalents totaled $429 million as of June 30, 2026.

Bottom Line

Atleos is shifting from traditional hardware sales to a service-based model focused on recurring revenue. Its pending merger with Brink's marks a significant transition in its corporate history.