Highlights

  • Second quarter 2026 net sales were $930.8 million, and diluted earnings per share were $0.44, compared with $0.33.
  • Banking net sales decreased $41.1 million to $638.1 million, while Retail net sales increased $56.7 million to $292.7 million.
  • Cash, cash equivalents and restricted cash were $282.4 million, and $285.7 million was available under the revolving credit facility.
  • Management reaffirmed 2026 revenue guidance of $3.86 billion to $3.94 billion and adjusted EBITDA of $510 million to $535 million.

Diebold Nixdorf, Incorporated (NYSE: DBD) shares were trading at USD 67.29 on October 27, 2026, down 2.22%, with a relative volume at time of 2.65. The company repurchased shares under its $200.0 million program during the first half of 2026, filed its Form 10-Q for the quarter ended June 30, 2026 on July 29, 2026, and held its second quarter earnings call on August 7, 2026, where management reaffirmed its 2026 outlook.

Diebold Nixdorf is incorporated in Delaware and has its principal executive offices in North Canton, Ohio. The company automates, digitizes and transforms the way people bank and shop, serving financial institutions and retailers through integrated hardware, software and services. It reports two segments, Banking and Retail. It has a presence in more than 100 countries and approximately 20,000 employees worldwide. Its fiscal year ends December 31.

Second Quarter Results

Net sales for the three months ended June 30, 2026 were $930.8 million, compared with $915.2 million a year earlier. The company cited a net currency impact of 2.3% and its electronic point of sale business, partly offset by lower Banking product volumes.

Banking net sales were $638.1 million, compared with $679.2 million. Retail net sales were $292.7 million, compared with $236.0 million.

Total gross profit was $239.6 million, and total gross margin was 25.7%, compared with 25.6%. Services gross margin was 23.6%, compared with 24.1%. Product gross margin was 28.9%, compared with 27.8%, with tariff recoveries of $10.0 million and higher memory cost cited.

Selling and administrative expense was $162.3 million, including transformation costs of $14.5 million, compared with $6.3 million. Interest expense was $24.1 million. Income tax expense was $19.2 million, and the effective tax rate was 52.9%, compared with 27.9%. Net income was $16.2 million, compared with $12.7 million, and diluted earnings per share were $0.44, compared with $0.33.

Cash Flow, Liquidity and Capital Return

For the six months ended June 30, 2026, net cash provided by operating activities was $18.1 million, compared with $45.8 million. Net cash used by financing activities was $124.7 million, primarily for repurchases of common shares.

Cash, cash equivalents and restricted cash were $282.4 million at June 30, 2026, compared with $387.3 million at December 31, 2025. There were no borrowings outstanding under the $310.0 million revolving credit facility, and available capacity was $285.7 million after $24.3 million of outstanding letters of credit. The company has $950.0 million of 7.75% Senior Secured Notes due 2030.

On November 5, 2025, the board approved a $200.0 million share repurchase program. The company purchased 746,610 shares for $55.0 million in the first quarter of 2026 and 751,648 shares for $60.0 million in the second quarter. As of June 30, 2026, $57.0 million remained under the program.

2026 Outlook

On the earnings call, management reaffirmed full-year guidance of revenue of $3.86 billion to $3.94 billion and adjusted EBITDA of $510 million to $535 million. It also reaffirmed adjusted earnings per share of $5.25 to $5.75, assuming an effective full-year tax rate of 35% to 40%, and free cash flow of $255 million to $270 million, excluding approximately $50 million of higher-than-expected cash tax payments related to 2024 and 2025.

Management said product backlog was $814 million at quarter end. It said one large public sector bank tender in Brazil shifted into the second half, with the associated revenue originally expected in 2026 now expected primarily in 2027. It said higher memory costs in the electronic point of sale portfolio continue to be a headwind. It expects inventory reductions of approximately $100 million to $120 million in the fourth quarter. For the third quarter, management expects revenue of approximately 25% of the full-year total at the midpoint.