Diebold Nixdorf cut its 2026 free cash flow outlook by as much as $65 million, while SueWallSt said Levi & Korsinsky was investigating whether the company’s outlook statements may have misled investors.
In an Oct. 28 filing with the SEC, Diebold Nixdorf lowered its free cash flow range to $190 million-$210 million from $255 million-$270 million. It also reduced its adjusted EBITDA forecast to $490 million-$510 million from $510 million-$535 million, and its adjusted earnings per share guidance to $4.50-$4.85 from $5.25-$5.75.
The revenue ranges use different accounting bases. The earlier $3.86 billion-$3.94 billion target was stated on a GAAP basis and included the non-core Turkey entity. The revised $3.86 billion-$3.90 billion range uses non-GAAP revenue and excludes about $10 million in revenue from that entity recorded so far in 2026.
For the quarter ended Sept. 30, 2026, revenue rose 5.2% year over year to $994.3 million. Net income fell to $7.1 million from $41.7 million, and adjusted earnings per share edged down to $1.34 from $1.39.
The company attributed its overall outlook revision to a change in revenue mix and raw-material costs. It separately said lower expected earnings and working-capital requirements contributed to the reduced free cash flow forecast. Diebold Nixdorf expects about $50 million in 2026 cash tax payments for the 2024 and 2025 tax years, including additional estimated payments in Germany during the fourth quarter. The company excludes those payments from free cash flow.
StockAnalysis historical data show DBD shares opened at $60.48 on Oct. 28, about 9.3% below the prior close of $66.68, and finished that day at $58.07, down 12.91%. The shares rose 3.50% on Oct. 29 to close at $60.10.
SueWallSt said the investigation covers statements about the 2026 outlook and later reaffirmations or reiterations. Its Oct. 29 release announced an inquiry into potential securities claims but did not say a complaint had been filed. Separately, the company’s board authorized up to $250 million in share repurchases on Oct. 28; the company said the authorization does not require it to buy a particular amount.
