Highlights

  • Third quarter 2026 revenue was $994.3 million, net income was $7.1 million and non-GAAP adjusted EBITDA was $127.8 million.
  • Diluted earnings per share were $0.19 in the third quarter of 2026, compared with $1.11 in the prior year.
  • The board authorized a $250 million share repurchase program, and 2026 adjusted EBITDA guidance is now $490M to $510M.
  • Net debt, a non-GAAP measure, was $(791.5) million, and debt instruments were $976.4 million at September 30, 2026.

Diebold Nixdorf (NYSE:DBD) shares were trading at USD 59.49 on October 28, 2026, down 10.79%, with a relative volume at time of 9.69. The banking and retail technology company reported third quarter 2026 results, announced a new share repurchase authorization and updated its full-year 2026 financial outlook on October 28.

Diebold Nixdorf, Incorporated is incorporated in Delaware and lists its principal executive offices in North Canton, Ohio. The company automates, digitizes and transforms the way people bank and shop. It reports results in two segments, Banking and Retail, and splits net sales between Services and Products. Its fiscal year ends December 31. The company has a presence in more than 100 countries with approximately 20,000 employees worldwide.

Third Quarter Results

Diebold Nixdorf reported GAAP revenue of $994.3 million for the third quarter ended September 30, 2026, compared with $945.2 million in the third quarter of 2025. Non-GAAP revenue was $990.9 million. The company said revenue increased 5% year over year.

Gross profit was $247.2 million, compared with $245.1 million a year earlier, and gross margin was 24.9%, compared with 25.9%. Non-GAAP gross profit was $250.4 million, compared with $247.9 million. Operating profit was $38.8 million, compared with $73.8 million.

Net income was $7.1 million, compared with $41.7 million in the prior-year quarter. Diluted earnings per share were $0.19, compared with $1.11. On a non-GAAP basis, adjusted earnings per share were $1.34, compared with $1.39 in the prior year. Adjusted EBITDA was $127.8 million, compared with $121.9 million.

By segment, Banking net sales were $698.2 million, compared with $690.2 million. Retail net sales were $296.1 million, compared with $255.0 million. Total Banking gross margin was 26.5% and total Retail gross margin was 21.1%.

Cash Flow, Debt and Capital

Net cash used in operating activities was $(47.4) million in the third quarter, compared with net cash provided of $37.4 million a year earlier. Free cash flow (use), a non-GAAP measure, was $(60.3) million. Excluding discrete tax payments of $14.4 million, free cash flow (use) was $(45.9) million.

Cash, cash equivalents, restricted cash and short-term investments were $184.9 million at September 30, 2026, compared with $416.4 million at December 31, 2025. Debt instruments were $976.4 million, and net debt, a non-GAAP measure, was $(791.5) million.

The board authorized a new $250 million share repurchase program. Management said it follows a previous $200 million program. The company also said it is in the early stages of developing a strategic collaboration with Euronet Worldwide, Inc. on integrated ATM outsourcing solutions.

Business Highlights and Full-Year 2026 Outlook

In Banking, the company said it signed a contract for more than 500 DN Series cash recyclers with a North American bank and won a deal for 1,450 ATMs in Asia. In Retail, it reported a new customer win with a North America regional grocer for approximately 1,200 point-of-sale lanes across 200 stores, and a win to refresh 6,000 self-checkout units for a grocery chain in Europe.

Diebold Nixdorf updated its full-year 2026 outlook. The company said it is narrowing its revenue outlook, while adjusted EBITDA expectations now reflect product mix and cost pressures in raw materials.

Current guidance is total revenue of $3.86B - $3.90B, adjusted EBITDA of $490M - $510M, free cash flow of $190M - $210M and adjusted earnings per share of $4.50 - $4.85. Prior guidance was $3.86B - $3.94B, $510M - $535M, $255M - $270M and $5.25 - $5.75, respectively.

The company said the revised free cash flow outlook reflects lower expected earnings and working capital requirements. It also said cash taxes paid in 2026 for the 2024 and 2025 tax years, estimated at approximately $50 million, are excluded from free cash flow.