Diebold Nixdorf Incorporated · NYSE:DBD
Diebold Nixdorf — Q2 2026 Earnings Presentation
27 slides from Diebold Nixdorf's earnings presentation, Jul 29, 2026
Slide 1: Second Quarter 2026 Earnings
Second Quarter 2026 Earnings Performance Summary Update – July 29, 2026
Slide 2: Forward-looking Statements
This presentation may contain statements that are not historical information and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of fut
Slide 3: Use of Non-GAAP Financial Information
To supplement our condensed consolidated financial information presented in accordance with GAAP, the Company considers certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, Non-GAAP operating profit margin, adjusted diluted earnings per share, free ca
Slide 4: Key Q2 2026 Highlights
Key Q2 2026 Highlights Revenue1 rose 1.4% to $928M, order entry increased 3%, adjusted EBITDA1 grew 8% to $121M and 1 adjusted EPS grew 17% to $1.10 YoY 2 Banking: Record Teller Cash Recycler shipments, strong Branch Automation Solutions momentum 3 Retail: Double-digit growth fueled by Europe; secur
Slide 5: Banking Market & Strategy Overview
Banking Market & Strategy Overview Core ATM ® • Expanded install base with major competitive replacement for 1,100 DN Series with Services attached at one of the largest financial institutions in the U.K. ® • Won deal for 600 DN Series Cash Recyclers at one of the top 3 banks in Mexico ® • Won compe
Slide 6: Retail Market & Strategy Overview
Retail Market & Strategy Overview North America • Opportunity pipeline in North America tripled year-over-year • New logo wins for self-checkout business with two grocers; point-of-sale win with quick serve restaurant • New win with a large fashion retailer in U.S. and Canada for RFID self-checkout
Slide 7: Service – Strategically Driving Recurring Revenue Growth
Service – Strategically Driving Recurring Revenue Growth Key Initiatives • Deliver industry leading availability and service levels • OFS deployment on-track with benefits expected to accelerate in the second half • Refreshed North America service fleet vehicles improving safety and first-time fix r
Slide 8: Lean – DN’s Commitment to Continuous Improvement
Lean – DN’s Commitment to Continuous Improvement Paderborn, Germany North Canton, Ohio Recognition for DN Optimized manufacturing floor footprint Reduced dispatching time by more than half, Vynamic® Transaction Middleware named: creating space for a fourth line to facilitate increasing service level
Slide 9: Five Quarter Financial Trends
Five Quarter Financial Trends Delivering consistent YoY revenue growth, OpEx cost savings program driving lower expenses Operating Expense ($M)(1,2) / Total Revenue ($M)(1) Total Gross Margin (%)(1) Operating Expense % of Revenue(1,2) Service Product $1,104 $915 $945 $928 26.5% 27.1% $171 $888 26.2%
Slide 10: Five Quarter Financial Trends
Five Quarter Financial Trends Continued YoY adjusted EBITDA growth while adjusted EPS grew double-digits YoY for the 5th consecutive quarter Adjusted EBITDA ($M) / Adjusted Earnings per Share(1,2) Free Cash Flow ($M)(1,3) Adjusted EBITDA Margin(1) $3.02 $196 $164 $122 $121 $1.39 $111 $99 $1.10 $0.94
Slide 11: Banking
Banking Disciplined execution in Banking Revenue ($M)(1) Gross Profit ($M) / Gross Margin (%)(1) Service Product YoY as Reported $224 $798 $679 $690 $187 $621 $635 (6.5)% $185 $381 $165 $181 $272 $288 $237 (13.0)% $233 27.5% 26.8% 28.0% 26.6% 28.5% $407 $402 $417 $388 $398 (2.2)% Q2-25 Q3-25 Q4-25 Q
Slide 12: Retail
Retail Second consecutive quarter of double-digit revenue growth across Retail Product and Service Gross Profit ($M) / Gross Margin (%)(1) Revenue ($M) YoY as Service Product Reported $306 $293 +24.0% $76 $255 $268 $236 $63 $64 $150 $61 $142 +40.7% $56 $113 $122 $101 $142 $157 $146 $151 +11.6% 23.7%
Slide 13: 2026 Guidance
2026 Guidance Maintaining 2026 financial outlook on solid backlog and growth in key initiatives in Retail and Banking Metrics FY26 Outlook Key Details Total $3.86B - $3.94B • Supported by $814M product backlog as of end of Q2 2026 and recurring Service revenues Revenue(1) • Total revenue weighted to
Slide 14: Benefiting from Fortress Balance Sheet
Benefiting from Fortress Balance Sheet Targeting $800M of FCF generation cumulatively from 2025 through 2027, strong liquidity position of ~$590M Share Repurchase Free Cash Flow Credit Ratings Authorization Conversion Target(1) Fitch BB- $143M / $57M 50%+ S&P / Moody’s B+ / B1 Repurchased / Remainin
Slide 15: Positioned for Value Creation
Positioned for Value Creation 1 Strong commercial momentum with highest first-half orders in four years 2 $814M backlog supports second-half revenue conversion 3 Execution of priorities: drive revenue conversion, inventory reduction and service productivity 4 Focused on delivering the outlook and cr
Slide 16: Questions and Answer Session
Questions and Answer Session Octavio Marquez Tom Timko President & Executive Vice President Chief Executive Officer & Chief Financial Officer
Slide 17: Supplemental Slides
Supplemental Slides 17 | DIEBOLD NIXDORF
Slide 18: Reconciliation of GAAP results to Non-GAAP results - Q2-26 ($M)
Reconciliation of GAAP results to Non-GAAP results - Q2-26 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GA
Slide 19: Reconciliation of GAAP results to Non-GAAP results - Q1-26 ($M)
Reconciliation of GAAP results to Non-GAAP results - Q1-26 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GA
Slide 20: Reconciliation of GAAP results to Non-GAAP results - Q4-25,Q3-25,Q2-25 ($M)
Reconciliation of GAAP results to Non-GAAP results - Q4-25,Q3-25,Q2-25 ($M) Notes for Non-GAAP Measures To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, incl
Slide 21: Reconciliation of earnings per share - Quarter Trend ($M)
Reconciliation of earnings per share - Quarter Trend ($M) Q1 2025 Q2 2025 Q3 2025 Q4 2025 YTD 2025 Q1 2026 Q2 2026 YTD 2026 ($ in millions, except per share data) $ EPS $ EPS $ EPS $ EPS $ EPS $ EPS $ EPS $ EPS Net income (loss) $ (7.5) (0.20) $ 12.7 0.34 $ 41.7 1.13 $ 50.5 1.39 $ 97.5 2.62 $ 5.5 0.
Slide 22: Reconciliation of free cash flow - Quarter Trend ($M)
Reconciliation of free cash flow - Quarter Trend ($M) Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Net cash provided (used) by operating activities $15.7 $30.0 $37.4 $217.6 $300.7 $31.7 $(13.6) Capital expenditures (7.9) (8.0) (6.7) (14.8) (37.4) (5.6) (7.8) Capitalized software development (1.7) (9.4)
Slide 23: Reconciliation of operating expense as a % of revenue- Quarter Trend (%)
Reconciliation of operating expense as a % of revenue- Quarter Trend (%) Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Operating expenses (GAAP) $ 172.8 $ 177.8 $ 171.3 $ 197.4 $ 180.4 $ 182.2 Restructuring and other savings initiatives $ (9.2) $ (7.6) $ (9.8) $ (25.5) $ (11.9) $ (14.5) Non-core Turkey operat
Slide 24: Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – TTM Trend ($M)
Reconciliation of GAAP net income to EBITDA and Adjusted EBITDA – TTM Trend ($M) Trailing Twelve Month (TTM) Quarter End Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Net loss $ (8.0) $ (10.1) $ 53.3 $ 97.5 $ 110.4 $ 113.9 Income tax expense (benefit) 65.2 38.0 17.7 24.1 32.0 46.4 Interest income (9.6) (9.1)
Slide 25: Financial Results of Segments – Quarter Trend ($M)
Financial Results of Segments – Quarter Trend ($M) Gross Margin by Segment - Unaudited Three months ended Three months ended Three months ended Three months ended Twelve months ended Three months ended Three months ended ($ in millions) March 31, 2025 June 30, 2025 September 30, 2025 December 31, 20
Slide 26: Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M)
Reconciliation of GAAP net income to Adjusted EBITDA – Quarter Trend ($M) Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Q1-26 Q2-26 Net income (loss) $ (7.5) $ 12.7 $ 41.7 $ 50.5 $ 97.5 $ 5.5 $ 16.2 Income tax expense (benefit) (2.2) 4.8 9.6 11.9 24.1 5.7 19.2 Interest income (1.5) (2.5) (2.1) (2.8) (8.9) (2.9) (2.
Slide 27: Net Debt Summary ($M) and Net Leverage – Quarter Trend
Net Debt Summary ($M) and Net Leverage – Quarter Trend * * Quarter Ended Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Cash, cash equivalents, restricted cash and short-term investments $ 328.3 $ 310.4 $ 280.0 $ 416.4 $ 373.6 $ 282.4 Debt instruments (966.0) (966.5) (967.8) (970.7) $ (969.9) (971.7) Net debt