Diebold Nixdorf, Incorporated focuses its efforts on modernizing global banking and retail interactions through comprehensive automation and digitalization. The company's operations are ...
Diebold Nixdorf, Incorporated, headquartered in North Canton, Ohio, is a world leader in enabling connected commerce for millions of consumers daily across the financial and retail sectors. Founded in 1859 as Diebold, Incorporated, and renamed after the acquisition of Germany's Wincor Nixdorf in 2016, the company has over 160 years ...Diebold Nixdorf, Incorporated, headquartered in North Canton, Ohio, is a world leader in enabling connected commerce for millions of consumers daily across the financial and retail sectors. Founded in 1859 as Diebold, Incorporated, and renamed after the acquisition of Germany's Wincor Nixdorf in 2016, the company has over 160 years of history rooted in security, initially manufacturing safes. Today, it focuses on modernizing global banking and retail interactions through comprehensive automation and digitalization.
Business: The company operates in two main segments: Banking and Retail. In the Banking segment, Diebold Nixdorf provides advanced hardware such as cash recycling and dispensing units, intelligent deposit machines, teller automation tools, kiosk technologies, and physical security infrastructure. This is complemented by sophisticated software, including customer-facing applications and back-end platforms for channel management, operations, omnichannel experiences, endpoint monitoring, remote asset management, marketing, and analytics. Services include proactive system monitoring, incident resolution, maintenance, preventive care, on-demand support, managed and outsourcing services, and cash management solutions. The DN Vynamic software suite is designed to simplify the consumer journey.
In the Retail segment, the company supplies mobile point-of-sale systems, self-checkout kiosks, peripherals like printers and scales, and banknote/coin processing systems. Retail services encompass professional consulting, on-demand support, maintenance, implementation guidance, managed mobility, monitoring with analytics, and store lifecycle management.
Financials: As of recent TTM data, Diebold Nixdorf has a market capitalization of approximately $2.56 billion, with a price-to-earnings ratio of about 24.2. The company's enterprise value is around $3.39 billion, with an EV/EBITDA of 9.9. Revenue per share is $112.56, and net income per share is $3.23. Profitability has improved, with a net profit margin of 2.9% and a return on equity of 10.6%. The company has total debt to equity of 1.14, indicating moderate leverage. As of the latest fiscal year, revenue was around $3.8 billion.
Key People: The CEO is Octavio Marquez, who has over 25 years of leadership experience. Other key executives include CFO Tom Timko and EVP Frank Baur.
Global Presence: With approximately 21,000 employees worldwide, the company has a presence in more than 100 countries. It was founded by Charles Diebold and Heinz Nixdorf (the latter post-acquisition). The company was re-listed on the NYSE in 2023 after a period of over-the-counter trading.
Wishes and Strategy: Diebold Nixdorf aims to drive the future of self-service for bankers and retailers, emphasizing innovation in automation, digitalization, and security. Their vision is to be a strategic, collaborative, end-to-end provider, continuing to evolve from its heritage of physical security to a comprehensive technology partner in the connected commerce ecosystem.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$3.8B
+1.5%
+4.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$94.6M
+673.3%
+210.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+26.4%
+7.5%
+1.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+8.8%
+81.1%
-4.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+2.5%
+665.1%
+197.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$263.3M
+99.8%
-210.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+6.9%
+96.9%
-205.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
106.7%
-5.2%
+7.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.30x
-1.1%
-1.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello. Good day, and welcome to Diebold Nixdorf's Second Quarter 2026 Earnings Call. My name is Paige, and I'll be coordinating today's call. I'd now like to turn the call over to our host, Maynard Um, Vice President of Investor Relations. Maynard, please go ahead.
Maynard Um: Hello, and welcome to our second quarter 2026 earnings call. To accompany our prepared remarks, we posted our slide presentation to the Investor Relations section of our website. Before we start, I'll remind all participants that you'll hear forward-looking statements during this call. These statements reflect the expectations and beliefs of our management team at the time of the call, but they are subject to risks that could cause actual results to differ materially from these statements. You can find additional information on these factors in the company's periodic and annual filings with the SEC. Participants should be mindful that subsequent events may render this information to be out of gate. We will also discuss certain non-GAAP financial measures on today's call. As noted on Slide 3, reconciliations between GAAP and non-GAAP financial measures can be found in the supplemental schedules of the presentation. With that, I'll turn the call over to Octavio, who will begin on Slide 4.
Octavio Marquez: Thank you, Maynard, and good morning, everyone. Thank you for joining us. Commercial momentum remained strong during the quarter. Order entry increased 3% year-over-year and 6% sequentially. First half order entry reached its highest level in 4 years. Backlog grew sequentially to $814 million, and we remain on track to deliver on our full year outlook. Revenue increased 1% year-over-year and 4% sequentially to $928 million. Adjusted EBITDA grew to $121 million, an increase of 8% year-over-year and 22% sequentially, while adjusted earnings per share increased 17% year-over-year to $1.10. Across the business, we continue to execute the strategic priorities we've discussed throughout the year. In banking, we continue to expand our branch automation strategy beyond the ATM with growth in teller cash recyclers, transaction middleware and managed services. Retail delivered another quarter of strong growth across all our regions. We also achieved record service level performance, meeting or exceeding our customers' expectations and continue improving the efficiency of our operating model through lean initiatives. At the same time, we also navigated several challenges. Higher memory costs in our electronic point-of-sale portfolio continue to be a headwind. We have taken pricing, sourcing and other mitigation actions. And while memory pricing environment remains uncertain, we expect these actions to continue gaining traction through the third and fourth quarters. In response to the evolving memory market dynamics, we made the strategic decision to increase inventory to secure components and support customer deployment schedules in the second half of the year. This …
