NCR Voyix Corporation

Thank you for standing by. My name is Carly and I will be your conference operator today. At this time, I would like to welcome everyone to the NCR Voyix Corporation Second Quarter 2026 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, Simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Sarah Jane Snyder, Vice President of Investor Relations. Please go ahead.

Good morning, and thank you for joining our second quarter 2026 earnings conference call. This morning, we issued our earnings release, reporting financials for the quarter ended June 30th, 2026. A copy of the earnings release that we will reference during this call is available on the investor relations section of our website, which can be found at www.ncrvoyix.com and has been filed with the SEC. With me on the call today are Jim Kelly, our Chief Executive Officer, Nick East, our Chief Product Officer, Darren Wilson, President, Retail and Payments, and Brian Webb-Walsh, our Chief Financial Officer. This call is being recorded and the webcast is available on the Investor Relations section of our website. Before we begin, please be advised that remarks today will contain forward-looking statements. These forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For additional information on these factors, Please refer to our earnings release and our other reports filed with the SEC. We caution you not to play undue reliance on these statements. Forward-looking statements during this call speak only as of the date of this call and we undertake no obligation to update them. In addition, we will be discussing or providing certain non-GAAP financial measures today, which we believe will provide additional clarity regarding our ongoing performance. For a full reconciliation of the non-GAAP financial measures discussed in this call, to the most comparable GAAP measure in accordance with SEC regulations, Police Bureau press release furnished us an exhibit to our Form 8-K filed this morning and our supplemental materials available on the Investor Relations section of our website. With that, I would now like to turn the call over to Jim. Jim?

Good morning, and thank you for joining us. For the second quarter, revenue increased 1%, adjusting for the ODM transaction. Recurring revenue increased 3%, and adjusted EBITDA increased 5% compared to the prior year. These results reflect continued progress across the business driven by the commercial actions we took last year to strengthen our installed base combined with continued growth in software services and payments. We are seeing improved operating performance while building momentum behind our Voyix Commerce platform. Our product portfolio is now modernized creating an integrated cloud native software payments and services offering that resonates with customers. We now have 10 of the 25 signed VCP customers live across more than 2,000 lanes and expect another 1,000 lanes live in production by the end of September.