Q3 2026 Full Earnings Press Release

Media contact: Investor Contact:

Michael Jacobsen, APR Maynard Um

+1 330 490-4498 [email protected] [email protected]

FOR IMMEDIATE RELEASE:

Oct. 28, 2026

• Revenue increased 5% year-over-year, led by continued double-digit growth in Retail

• Gross profit (GAAP) increased to $247.2 million from $245.1 million, while non-GAAP gross profit increased to

  $250.4 million from $247.9 million

• Strategic wins across Banking and Retail reinforce long-term growth opportunities

• Board authorizes new $250 million share repurchase program

• Company updates full-year 2026 financial outlook

  NORTH CANTON, Ohio - Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today reported its 2026 third quarter financial results.

  Third Quarter Financial Highlights

• Q3 '26 financial performance demonstrates solid business activity

  • Revenue (GAAP) of $994.3 million; revenue (non-GAAP) of $990.9 million

  • Net cash provided by (used in) operating activities (GAAP) of $(47.4) million; free cash flow (use) (non-GAAP) of $(45.9) million, excluding discrete tax payments, driven by timing of a value-added tax (VAT) refund and working capital requirements

  • Net income (GAAP) of $7.1 million; adjusted EBITDA (non-GAAP) of $127.8 million

  • EPS of $0.19 (GAAP), compared with $1.11 in the prior year; or $1.34 per share on an adjusted basis (non-GAAP), compared with $1.39 in the prior year

    Management Commentary

    Octavio Marquez, Diebold Nixdorf president and chief executive officer, said: "We delivered a solid third quarter, growing both revenue and adjusted EBITDA, supported by continued strength in Retail, improvement in Banking and disciplined operating expense management. Our strategic priorities are translating into tangible progress, including new customer wins, expanding opportunities in North America Retail and continued improvements in our Services business.

    "While our underlying business performance remains encouraging, we are updating our full-year outlook to reflect a change in revenue mix and cost pressures in raw materials. We remain focused on improving profitability and cash conversion while continuing to invest in the opportunities that position Diebold Nixdorf for sustainable growth and long-term shareholder value creation."

    Key Third Quarter Business Highlights Banking: Broader automation opportunities

• Signed contract for more than 500 DN Series® cash recyclers with one of the largest banks in North America, and achieved a large Branch Automation Solutions win in Latin America for 360 in-branch DN Series cash recyclers - providing tangible evidence of our branch automation strategy

• Won a competitive deal for 1,450 ATMs and expanded the install base for a major customer in Asia

  Retail: Expansion in North America and European leadership position deliver 16% revenue growth YoY

• New customer win with a North America regional grocer for ~1,200 point-of-sale lanes across 200 stores

• Continued strong momentum in Europe, with a win to refresh 6,000 self-checkout units for a large grocery chain and a new services agreement valued at more than $25 million to support electronic shelf label technology for a U.K.-based multinational grocery and general merchandise retailer

Diebold Nixdorf has updated its full-year 2026 financial outlook. The company is narrowing its revenue outlook while adjusted EBITDA expectations now reflect product mix and cost pressures in raw materials, partially offset by ongoing productivity improvements and operating expense discipline.

The revised free cash flow outlook reflects the combined impact of lower expected earnings and working capital requirements. Management remains focused on cash conversion, inventory efficiency and disciplined execution as the company closes the year.

1. - GAAP Revenue - includes non-core Turkey entity revenue.

2. - Non-GAAP Revenue - excludes non-core Turkey entity revenue of approximately $10 million year-to-date in 2026.

3. - See Note 1 below for Non-GAAP adjustments to net sales, gross profit and operating expenses, which include selling and administrative expense, research, development and engineering expense, gain/loss on sale of assets, net, and impairment of assets, and Note 2 for adjusted EBITDA and adjusted net income (loss).

4. - With respect to the company's adjusted EBITDA, free cash flow and adjusted earnings per share outlook for 2026, it is not providing reconciliations to the most directly comparable GAAP financial measures because it is unable to predict with reasonable certainty those items that may affect such measures calculated and presented in accordance with GAAP without unreasonable effort. These measures primarily exclude future restructuring and refinancing actions and net non-routine items. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, operating profit and net income calculated and presented in accordance with GAAP.

5. - During Q2 2026, the Company timely filed its German corporate income tax return for the 2024 tax year. Due to increased profitability in our German legal entities, the Company's remaining net operating loss carryforward was utilized on the 2024 return, and the Company paid its resulting 2024 discrete German tax liability during Q3 2026. As a result, the Company is now expected to be a cash taxpayer in Germany going forward, and is required to remit additional discrete German estimated tax payments during Q4 2026 for the 2024 and 2025 tax years. Consequently, the Company is paying German cash tax attributable to three separate tax years (2024, 2025, and 2026) during 2026. Cash taxes paid during 2026 attributable to 2024 and 2025, estimated to total approximately $50 million, are and will be excluded from Free Cash Flow to better reflect underlying operating cash generation.

More information on Diebold Nixdorf's quarterly earnings is available on its Investor Relations website. Octavio Marquez, president and chief executive officer, and Tom Timko, executive vice president and chief financial officer, will discuss the company's financial performance during a conference call today, Oct. 28, at 8:30 a.m. ET. The call and webcast are available at http://www.dieboldnixdorf.com/earnings. The replay of the webcast can be accessed on the website after the call.

NOTE TO READERS - Please see "Diebold Nixdorf Board Authorizes New $250 Million Share Repurchase Program," also released today, for more information.

Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a leading global technology and services partner to many of the world's top financial institutions and retailers, our integrated solutions connect digital and physical channels for consumers conveniently, securely and efficiently. The company has a presence in more than 100 countries with approximately 20,000 employees worldwide. Visit https://www.DieboldNixdorf.com for more information.

LinkedIn: https://www.linkedin.com/company/diebold X: https://x.com/DieboldNixdorf

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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 cash flow (use), net debt, EBITDA, and adjusted EBITDA. The Company uses these Non-GAAP financial measures, in addition to GAAP financial measures, to evaluate our operating and financial performance and to compare such performance to that of prior periods and to the performance of our competitors. Also, the Company uses these Non-GAAP financial measures in making operational and financial decisions and in establishing operational goals. The Company also believes providing these Non-GAAP financial measures to investors, as a supplement to GAAP financial measures, helps investors evaluate our operating and financial performance and trends in our business, consistent with how management evaluates such performance and trends. The Company also believes these Non-GAAP financial measures may be useful to investors in comparing its performance to the performance of other companies, although its Non-GAAP financial measures are specific to the Company and the Non-GAAP financial measures of other companies may not be calculated in the same manner. We provide EBITDA and adjusted EBITDA because we believe that investors and securities analysts will find EBITDA and adjusted EBITDA to be useful measures for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditure and working capital requirements. We consider free cash flow (use) to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business operations that, after the purchase of property and equipment, capitalized software development and other discrete items as determined by management, can be used for debt servicing, strategic opportunities, including investing in the business, making strategic acquisitions, strengthening the balance sheet, paying dividends, and repurchasing our common shares. For more information, please refer to the section, "Notes for Non-GAAP Measures."

This press release 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 future performance. These forward-looking statements include, but are not limited to, projections, statements regarding the Company's expected future performance (including expected results of operations), future financial condition, anticipated operating results, strategy plans, future liquidity and financial position.

Statements can generally be identified as forward looking because they include words such as "believes," "anticipates," "expects," "intends," "plans," "will," "estimates," "potential," "target," "predict," "project," "seek," and variations thereof or "could," "should" or words of similar meaning. Statements that describe the Company's future plans, objectives or goals are also forward-looking statements, which reflect the current views of the Company with respect to future events and are subject to assumptions, risks and uncertainties that could cause actual results to differ materially. Although the Company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, the economy, its knowledge of its business, and key performance indicators that impact the Company, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

The factors that may affect our results include, among others:

• the success of new products and services, including Branch Automation Solutions for banking, cash recycling technology and Vynamic Smart Vision technology;

• ability to successfully execute on our digitally enabled hardware, services and software strategy;

• ability to generate sufficient cash flows to service our indebtedness, fund our operations, make adequate capital investments and return capital to stockholders, including through discretionary share repurchases;

• the ultimate benefits of continuous improvement programs and other cost savings plans;

• the impact of competitive pressures, including pricing and the introduction of new products and services by our competitors, as well as from less traditional competitors;

• risks related to our international operations, including geopolitical instability and wars;

• developments from recent and potential changes to trade policies by the U.S. or other countries, including tariffs;

• the impact of the proliferation of payment options other than cash, which could result in a reduced need for cash in the marketplace and a resulting decline in the usage of ATMs;

• the impact of general economic conditions, cyclicality and uncertainty;

• the impact of increased energy, raw material and labor costs;

• the impact of a cybersecurity incident or operational failure on our business;

• risks related to increasingly stringent laws, regulations and contractual obligations relating to privacy, data protection and information security;

• challenges associated with the use of artificial intelligence in our business and in solutions offered to our customers;

• reliance on suppliers, subcontractors and availability of raw materials and other components;

• reliance on third parties, including to provide security systems and systems integration as well as outsourced business processes and other financial services;

• ability to attract, retain and motivate key employees;

• the impact of additional tax expense or exposures;

• the potential for additional pension liability or expense associated with low investment performance by our pension plan assets;

• success in executing potential acquisitions, investments or partnerships and divestitures, including our ability to finalize the terms of, and enter into a definitive agreement for, a strategic collaboration with Euronet Worldwide, Inc.;

• the impact of market and economic conditions, including the bankruptcies, restructuring or consolidations of financial institutions, which could reduce our customer base and/or adversely affect our customers' ability to make capital expenditures, as well as adversely impact the availability and cost of credit;

• changes in political, economic or other factors such as currency exchange rates, inflation rates (including the impact of possible currency devaluations in countries experiencing high inflation rates), recessionary or expansive trends, disruption in energy supply, taxes and regulations and laws affecting the worldwide business in each of our operations;

• ability to maintain effective internal controls;

• the impact of regulatory and financial risks related to climate change;

• the impact of work stoppages or similar difficulties;

• the impact of an adverse determination that our services, products or manufacturing processes infringe the intellectual property rights of others, or our failure to enforce our intellectual property rights;

• exposure to liabilities under the Foreign Corrupt Practices Act or other worldwide anti-bribery laws;

• the effect of changes in law and regulations or the manner of enforcement in the United States and internationally and our ability to comply with applicable laws and regulations;

• the amount and timing of any repurchases of our common shares; and

• other factors included in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2025.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements.

Three months ended Nine months ended

($ in millions)

September 30, 2026

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September 30, 2026

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1 - During Q2 2026, the Company timely filed its German corporate income tax return for the 2024 tax year. Due to increased profitability in our German legal entities, the Company's remaining net operating loss carryforward was utilized on the 2024 return, and the Company paid its resulting 2024 discrete German tax liability during Q3 2026. As a result, the Company is now expected to be a cash taxpayer in Germany going forward, and is required to remit additional discrete German estimated tax payments during Q4 2026 for the 2024 and 2025 tax years. Consequently, the Company is paying German cash tax attributable to three separate tax years (2024, 2025, and 2026) during 2026. Cash taxes paid during 2026 attributable to 2024 and 2025, estimated to total approximately $50 million, are and will be excluded from Free Cash Flow to better reflect underlying operating cash generation.

Net income Summary - Unaudited

Three months ended

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