NCR Voyix (VYX)
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
$9.14+2.01%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
Intact: The reason to own it still holds.
NCR Voyix improved cash from operations from -$42M to $42M. Net loss shrank from -$17M to -$5M. Revenue is stabilizing near $2.3 billion guided for 2026. The company is making progress on key goals but still faces challenges.
Revenue is falling and profit is still negative. Cash flow remains weak. The company may fail to reach profitability soon.
The price is about 6% below our fair value near $9. Analysts expect revenue to fall about 13% next year. We see some progress but risks remain.
Breaks if: cash from operations falls below $0 million next year
Breaks if: net income loss worsens beyond -$10 million next year
annual revenue falls below $2.18 billion next year
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story with a medium confidence level. VYX is working to improve its financial performance while managing high risk and maintaining stable management.
The market currently prices VYX as cheap compared to its peers, reflecting a justified valuation despite its loss-making status. There is a slight expectations gap, indicating that the market may not fully anticipate future improvements.
Management is on track with key priorities, including scaling the Voyix Commerce Platform and growing recurring revenue. However, the outlook for adjusted free cash flow is mixed, which could impact overall performance.
The long-term thesis hinges on whether VYX can maintain its growth trajectory and avoid cutting guidance. Additionally, favorable conditions, such as potential Fed rate cuts and positive performance from sector leaders, could support VYX's growth.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports a positive outlook. Additionally, a new retail platform deal will accelerate adoption and scale deployments of the Voyix Commerce Platform. There are no current threats to the thesis.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
In the next 1 to 3 years, VYX's success will depend on its ability to execute its growth strategies and navigate market conditions. Not investment advice.