Nayax Reaffirms FY26 Adjusted EBITDA Outlook of $510M to $520M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Backs FY26 adjusted EBITDA view $510M-$520M. The company said, "For the year ending December 31, 2026, Nayax is reaffirming its financial outlook of revenue in the range of $510 million to $520 million. The guidance is inclusive of organic revenue growth of 22% to 25% and the expected contribution from the Lynkwell acquisition, completed on December 4, 2025. Adjusted EBITDA guidance for the year remains between $85 million and $90 million, which represents an adjusted EBITDA margin of about 17%. The Company expects free cash conversion from Adjusted EBITDA of approximately 40%. Free cash flow is defined as net cash provided from operating activities minus capitalized development costs and acquisition of property and equipment."
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Analyst Views on NYAX
Wall Street analysts forecast NYAX stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 70.680
Low
48.00
Averages
50.00
High
52.00
Current: 70.680
Low
48.00
Averages
50.00
High
52.00
About NYAX
Nayax Ltd is an Israel-based fintech company. The Company provides payment processing and business operations software solutions and services for retailers through its global cashless payment platform Nayax. Company's platform enables localized cashless payment acceptance, management suite, and consumer engagement tools, enabling merchants to conduct commerce anywhere, at any time. It's product portfolio includes POS and Cashless Payments including product such as, NOVA 156, Nova 45, Nova 55; Management Suite and Telemetry with products Amit 3.0 Vending Machine Monitoring and Telemetry System, MoMa, The Hive; Marketing, Loyalty and Consumer Engagement Platform that consists product such as, Omni-Channel Solutions, Weezmo, Monyx Wallet among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Conference Call Details: The company will hold two conference calls in English and Hebrew, featuring CEO Yair Nechmad and the executive team, aimed at enhancing interaction and trust with investors.
- Pre-registration Convenience: Participants can pre-register to receive a unique PIN for quick access to the call, demonstrating Nayax's efforts to improve user experience and engagement.
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- Ecolab Upgrade: UBS upgraded Ecolab from neutral to buy and raised its price target to $325, demonstrating strong demand and positive performance expectations for the chemicals company amid a favorable market environment.
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See More
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- Strong Adjusted EBITDA Performance: The adjusted EBITDA margin expanded to 13%, demonstrating improvements in operational efficiency, which is expected to further drive profitability and investor confidence in the future.
- Robust Hardware Sales: Hardware revenue increased by 46% to approximately $28 million, reflecting strong market demand for Nayax's products, particularly in high-value verticals such as EV charging and amusement sectors.
- Cash Flow Situation Requires Attention: Despite revenue and profit growth, Nayax reported negative free cash flow of $6 million, primarily due to infrastructure investments and timing of cash settlements, which may exert pressure on the company's short-term financial flexibility.
See More
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- Significant Revenue Growth: Nayax reported Q1 2026 revenue of $107 million, reflecting a 32% year-over-year increase, with organic revenue growth of 26%, indicating sustained competitive strength and potential upward revisions for the full year.
- Expanded Device Base: The company surpassed 1.5 million installed devices and reached a customer base of 120,000, with total transaction value growing by 33%, which not only enhances market share but also lays the groundwork for future high-value verticals like EV charging and car washes.
- Strong Hardware Sales: Hardware sales surged by 46%, driven by the successful rollout of the new PIN-on-glass VPOS Media devices in Europe, which will further enhance the company's market penetration and brand influence.
- Reaffirmed Financial Outlook: Nayax reaffirmed its 2026 revenue guidance of $510 million to $520 million, expecting an adjusted EBITDA margin of approximately 17%, reflecting confidence in future growth and ongoing profitability.
See More
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- Operating Profit Decline: The operating profit stood at $4.1 million, down from $7.9 million in the previous year, primarily impacted by a one-time gain, suggesting some pressure on profitability while still maintaining positive earnings.
- Margin Improvement: The recurring margin improved to 54.4% from 52.1%, driven by renegotiated contracts with several bank acquirers and enhanced smart-routing capabilities, showcasing the company's success in cost control and efficiency improvements.
- Hardware Margin Decline: The hardware margin decreased to 33.1% from 39.5% due to marketing promotions for the newly released “PIN-on-glass” VPOS Media devices in Europe, which may have affected short-term profitability.
See More
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- Earnings Release Schedule: Nayax is set to announce its Q1 2026 earnings on May 12, 2026, before U.S. markets open, which is expected to provide investors with crucial financial performance data that could influence market expectations regarding future growth.
- Conference Call Details: The company will host two conference calls, one in English at 8:30 a.m. ET, featuring CEO Yair Nechmad and CFO Sagit Manor, aimed at enhancing investor understanding of the company's strategic direction following the earnings report.
- Participant Registration Convenience: Nayax encourages participants to pre-register for a unique PIN to access the call directly, simplifying the participation process and likely increasing investor engagement and satisfaction.
- Global Business Context: As of December 31, 2025, Nayax operates 13 offices worldwide with approximately 1,200 employees and connections to over 80 merchant acquirers, showcasing its strong influence and market position in the global payment solutions sector.
See More
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- Conference Call Details: The company will hold two conference calls in English and Hebrew, featuring CEO Yair Nechmad and the executive team, aimed at enhancing interaction and trust with investors.
- Pre-registration Convenience: Participants can pre-register to receive a unique PIN for quick access to the call, demonstrating Nayax's efforts to improve user experience and engagement.
- Global Business Context: As of December 31, 2025, Nayax operates 13 offices worldwide with approximately 1,200 employees and connections to over 80 merchant acquirers, showcasing its leadership in the global payment solutions sector.
See More
