NCR Voyix’s $293 Million VCP Momentum: Is Software Finally Taking Over?

NCR Voyix Corporation reported first quarter 2026 results reflecting a business transitioning towards software and services with a focus on its Voyix Commerce Platform (VCP). Overall revenue declined slightly by 1% to $606 million, while adjusted EBITDA increased 5% to $78 million, driven by early momentum in VCP applications sales and cost-saving initiatives undertaken in 2025. Recurring revenue streams showed modest growth, with software and services up 4%, offset by declines in hardware and installation revenues as the company phases out legacy offerings in favor of subscription-based software solutions. The company’s primary growth driver remains its Voyix Commerce Platform, a cloud-native, microservices-based platform targeting retail and restaurant verticals globally. Since early 2025, NCR Voyix has signed 21 new VCP contracts representing roughly $293 million in remaining contract value, a 75% increase year-over-year and demonstrating accelerating adoption, especially in the U.S. and Europe.