NCR Voyix Accelerates Hardware Outsourcing, Projects $89 Million Working Capital Release and 500‑Basis‑Point Margin Expansion

VYX
January 09, 2026

NCR Voyix announced it has entered into a commercial agreement with Ennoconn Corporation to outsource the design, manufacture, warranty, supply, and shipping of its self‑checkout and point‑of‑sale hardware. Under the arrangement, Voyix will act as a sales agent while Ennoconn handles all manufacturing and logistics.

The transition will shift Voyix’s hardware revenue to a net basis beginning in the second quarter of 2026, eliminating finished‑goods inventory and manufacturing overhead. Management estimates the change will free approximately $89 million in working capital and could lift operating margins by up to 500 basis points if executed cleanly.

The deal aligns with Voyix’s broader strategy to move from a legacy hardware‑centric model to a high‑margin, recurring‑revenue software platform. The company will showcase a next‑generation suite of microservices‑based applications built on its Voyix Commerce Platform at the ICR Conference in Orlando on January 13, 2026.

CEO James G. Kelly said the partnership “ensures customers continue to receive market‑leading hardware while we sharpen our focus on advancing the Voyix Commerce Platform.” The shift is expected to reduce capital intensity, improve cash flow, and accelerate investment in software development and AI‑driven features.

Analysts view the outsourcing move as a key milestone in Voyix’s transformation, noting that the company’s recent Q3 2025 earnings beat expectations and that the hardware transition should help sustain the momentum in its software‑driven revenue growth.

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