Diebold Nixdorf reported higher revenue and adjusted EBITDA for the third quarter of 2026, with Retail continuing to deliver double-digit growth and Banking improving. The company also authorized a new $250 million share repurchase program and said it was revising its full-year outlook to reflect a shift in revenue mix and higher raw-material costs.
Key details
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Revenue rose 5% year over year. Third-quarter revenue was $994.3 million on a GAAP basis and $990.9 million on a non-GAAP basis. The company said continued strength in Retail led growth.
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Profitability measures were mixed. GAAP gross profit increased to $247.2 million from $245.1 million a year earlier; non-GAAP gross profit rose to $250.4 million from $247.9 million. Net income was $7.1 million, while adjusted EBITDA was $127.8 million. The release described adjusted EBITDA as higher year over year but did not provide the prior-year figure in the material provided here.
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Per-share earnings declined from a year earlier. GAAP earnings per share were $0.19, compared with $1.11. Adjusted earnings per share were $1.34, versus $1.39.
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Cash flow was negative for the quarter. Operating activities used $47.4 million, and free cash flow was negative $45.9 million, excluding discrete tax payments. The company attributed the cash use to the timing of a value-added tax refund and working-capital requirements.
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Banking wins included branch automation and ATM deployments. Diebold Nixdorf signed a contract with one of North America’s largest banks for more than 500 DN Series cash recyclers. In Latin America, it won a branch-automation project involving 360 cash recyclers. It also won a competitive deal for 1,450 ATMs and expanded its installed base with a major customer in Asia.
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The full-year outlook is being revised. Management cited a change in revenue mix and raw-material cost pressures. It said the company remains focused on profitability and cash conversion while continuing to invest in growth opportunities; the revised forecast figures were not included in the information provided here.
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The board authorized a $250 million share repurchase program. The announcement did not specify a timetable or other execution details.
The quarter’s results showed revenue growth alongside lower year-over-year EPS and negative cash flow. The new repurchase authorization adds a capital-return program, while the outlook update reflects the company’s stated mix and cost pressures.