NCR Voyix is a cheap, heavily shorted turnaround with a perfect 4-quarter earnings beat streak, but revenue is shrinking about 21% and business quality is weak, so the position is not sized.
Thesis pillars
- Declining Revenue Weak Quality→Stable
- Earnings Beat Streak↑Improving
- Deep Value Pricing→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Feb 26, 2026
NCR Voyix Corporation (VYX) Stock Analysis
Momentum Cont setup · Inst Constrain edge
Technology · Information Technology Services
Sell if holding. Engine safety override at $7.96: Quality below floor (3.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 2.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 42%; Below-average business quality.
NCR Voyix provides unified commerce software for retail and restaurant customers — point-of-sale, self-checkout, payments, and services on its cloud-based Voyix Commerce Platform — with about 13,500 employees in nearly 30 countries. It operates two segments, Retail and... Read more
Sell if holding. Engine safety override at $7.96: Quality below floor (3.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 2.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 42%; Below-average business quality. Chart setup: Trend continuation, RSI 64, MACD bullish. Score 5.4/10, moderate confidence.
Passes 5/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on earnings proximity 6d<=7d. Suitability: aggressive.
About NCR Voyix Corporation
About NCR Voyix Corporation
NCR Voyix employed nearly 13,500 people across nearly 30 countries as of December 31, 2025, with 42% of its workforce in Europe, the Middle East and Africa, 28% in the United States, 25% in Asia Pacific, and 5% elsewhere in the Americas. The company holds more than 900 U.S. patents supporting its Voyix Commerce Platform, a microservices-based suite of point-of-sale, self-checkout, and payments software for the Retail and Restaurants segments it operates following its 2023 spin-off of NCR Atleos.
NCR Voyix earns revenue from subscription-based SaaS applications, integrated payment processing (Voyix Connect and Voyix Pay), professional and managed services, and hardware sales, targeting enterprise and mid-market retailers — convenience and fuel, grocery, drug and mass merchandise, and department and specialty — alongside quick-service, table-service, and fast-casual restaurants. The company spent $155 million on research and development in 2025, down slightly from $157 million in 2024, as it continues converting its legacy software portfolio into microservices-based SaaS built on the Voyix Commerce Platform. Following the August 2024 Hardware Business Transition, Ennoconn Corporation will become NCR Voyix's single-source manufacturer for point-of-sale and self-checkout hardware, with NCR Voyix acting as Ennoconn's sales agent and recognizing hardware revenue on a net, commission basis once the transition completes in April 2026. Key competitors named in the 10-K include Block, Diebold Nixdorf, Fiserv, Global Payments, Oracle, PAR Technology, and Toast.
Show full overview
NCR Voyix's Hardware Business Transition concentrates a previously diversified global manufacturing network into a single named counterparty: once implementation completes, Ennoconn will design, manufacture, warrant, supply, and ship substantially all of NCR Voyix's point-of-sale and self-checkout hardware directly to customers. The 10-K acknowledges that a substantial majority of hardware-related revenue will no longer be recognized by NCR Voyix once this occurs, and that if Ennoconn fails to deliver on its commitments or breaches its obligations to customers, NCR Voyix's reputation and customer relationships — not just its hardware margin — could be harmed.
See also: Technology · Information Technology Services
From NCR Voyix Corporation's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — NCR Voyix Corporation
Latest news
- NEWS First Watch Restaurants Group Signs Multi-Year Agreement with NCR Voyix — fiscal.ai Oct 27, 2026 positive
- NEWS NCR Voyix Inks Agreement With First Watch Restaurants Group For Deployment Of Aloha Next At ~600 U.S. Restaurants — benzinga Oct 27, 2026 positive
- NEWS NCR Voyix to Release Third Quarter 2026 Financial Results — fiscal.ai Oct 21, 2026 neutral
- NEWS NCR Voyix Announces Multi-Year Agreement With Sbarro To Deploy Point-Of-Sale And Payments At Nearly 300 Locations; Terms — benzinga Oct 14, 2026 positive
- NEWS Goldman Sachs Maintains Neutral on NCR Voyix, Lowers Price Target to $8 — benzinga Oct 13, 2026 negative
Generated 2026-10-29T12:43:34Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSupplierEnnoconn (hardware manufacturing)10-K Item 1: 'we will utilize Ennoconn as our single-source partner to supply and manufacture substantially all of our hardware products'
Material Events(8-K, last 90d)
- 2026-06-08Item 5.02LOWStockholders approved the NCR Voyix Corporation 2026 Stock Incentive Plan at the June 3, 2026 Annual Meeting, previously approved by the Board on April 17, 2026; no further awards will be granted under the prior 2017 plan. No director or officer departure or appointment disclosed.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
4 floor-breakers
Volatile — 5.2% daily ATR makes tight stops impractical. Position-size conservatively.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $7.96: Quality below floor (3.2 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 2.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 42%; Below-average business quality. Chart setup: Trend continuation, RSI 64, MACD bullish. Prior stop was $7.40. Score 5.4/10, moderate confidence.
Analyst target: $11.02 (+38.4% upside). Prior stop was $7.40. Stop-loss: $7.40.
Concentration risk — Supplier: Ennoconn (hardware manufacturing); Quality below floor (3.2 < 4.0); Value-trap signals (2/5): High leverage (D/E 4.0), Material insider selling (13 sells, 0.10% of cap).
NCR Voyix Corporation trades at a P/E of 28.4 (forward 7.8). TrendMatrix value score: 8.5/10. Verdict: Sell.
10 analysts cover VYX with a consensus score of 4.1/5. Average price target: $13.
What does NCR Voyix Corporation do?NCR Voyix provides unified commerce software for retail and restaurant customers — point-of-sale, self-checkout,...
NCR Voyix provides unified commerce software for retail and restaurant customers — point-of-sale, self-checkout, payments, and services on its cloud-based Voyix Commerce Platform — with about 13,500 employees in nearly 30 countries. It operates two segments, Retail and Restaurants, having narrowed focus after spinning off NCR Atleos in 2023 and selling Digital Banking for $2.45 billion in 2024. It is now shifting hardware manufacturing to Ennoconn.