Key Highlights:

  • Non-GAAP Revenue came in at USD 927.6 million, representing 1.4% growth year over year and 4% growth sequentially.
  • Adjusted EPS totaled USD 1.10, representing 17% growth year over year and 64% growth sequentially.
  • Full-Year Revenue Guidance stood at USD 3.86 billion to USD 3.94 billion, reaffirmed by management.
  • Order Entry was increased 3% year over year and 6% sequentially, with first half order entry reaching its highest level.

Diebold Nixdorf Incorporated (NYSE:DBD) is scheduled to report third quarter results on Wednesday, Oct. 28, before the market open. Consensus estimates call for adjusted earnings per share of USD 1.31 on revenue of USD 971.71 million, against a market capitalization of USD 2.34 billion.

In the most recently reported quarter, Non-GAAP Revenue came in at USD 927.6 million, representing 1.4% growth year over year and 4% growth sequentially. Adjusted EPS totaled USD 1.10, representing 17% growth year over year and 64% growth sequentially.

Product Backlog and Other Business Trends

Product Backlog came in at USD 814 million at quarter end, providing visibility for the second half of 2026. Adjusted EBITDA totaled USD 120.6 million, an 8.5% increase year over year and 22% increase sequentially. Banking Segment Revenue stood at USD 634.9 million, a 6.5% decline year over year reflecting the timing of customer projects and a Brazilian tender delay. Retail Segment Revenue was reported at USD 292.7 million, growing 24% year over year driven by double-digit increases in both product and services.

What Management Guided

Full-Year Adjusted EBITDA Guidance came in at USD 510 million to USD 535 million, reaffirmed based on commercial momentum and operational execution. Full-Year Free Cash Flow Guidance totaled USD 255 million to USD 270 million, excluding approximately USD 50 million in discrete tax payments. Full-Year Adjusted EPS Guidance stood at USD 5.25 to USD 5.75, assuming an effective tax rate of 35% to 40%. Q3 Guidance was reported at Revenue expected to be approximately 25% of the full-year total, with Adjusted EBITDA at approximately 24% of the full-year target.

Banking Product Gross Margin and Capital Position

Banking Product Gross Margin came in at 36.8%, up 620 basis points year over year, or 32.5% excluding a USD 10 million tariff refund benefit. Retail Service Margin totaled 28.2%, an improvement of 230 basis points year over year due to higher revenue levels. Non-GAAP Operating Expenses stood at USD 163 million, a 3.9% decline year over year driven by lean initiatives and disciplined cost management. Free Cash Flow was reported at An outflow of USD 11 million, excluding discrete tax items, primarily due to a USD 40 million inventory build to secure memory supply. Inventory Reduction Target came in at USD 100 million to USD 120 million, representing the expected inventory reduction in the fourth quarter as customer deployments accelerate.

Share Repurchases and Additional Detail

Share Repurchases came in at USD 60 million used to repurchase 752,000 shares at an average price of USD 79.82, with USD 57 million remaining under the current authorization. Liquidity totaled USD 592 million at quarter end, comprised of USD 282 million in cash and a USD 310 million revolving credit facility. Net Leverage Ratio stood at 1.4x at the end of the second quarter. Memory Cost Impact was reported at USD 10 million headwind in the second quarter, largely concentrated in the retail segment. Smart Vision AI Traction came in at 1,400 new lanes under contract across two large European grocers.

Figures to Follow in the Release

Investors can watch third quarter results against the figures management has already put on record, including the following: Full-Year Revenue Guidance came in at USD 3.86 billion to USD 3.94 billion, reaffirmed by management.