TeamViewer AG earnings date
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TeamViewer AG (TMV) Q3 2026 Earnings Report
DE:TMV Q3 2026 EPS Results
- Actual EPS
- EUR 0.23
- Consensus EPS
- EUR 0.22
- Beat/Miss
- Beat by +EUR 0.01
- One Year Ago EPS
- EUR 0.34
DE:TMV Q3 2026 Revenue Results
- Actual Revenue
- EUR 184.49M
- Expected Revenue
- EUR 189.68M
- Beat/Miss
- Missed by -EUR 5.19M
- YoY Revenue Growth
- -2.64%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/03/2026
- Time
- Before Open
- Conference Call
- Tuesday, November 3, 2026
TeamViewer AG's next earnings date is estimated for February 9, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call presented meaningful strategic and operational progress, including strong TeamViewer ONE and AI adoption, enterprise customer wins, SMB stabilization, healthy margins, improved cash generation and a stronger financing profile. However, these positives were offset by broadly flat ARR, declining revenue, weaker enterprise retention and conversion, EMEA and U.S. public-sector delays, and a reduction in full-year revenue guidance. The positive leading indicators and profitability were balanced by current top-line and execution challenges.
For full year 2026, TeamViewer now expects revenue growth in a range of minus 2% to minus 1% year-over-year in constant currencies, compared with previous guidance of 0% to 3% year-over-year in constant currencies, and reiterates adjusted EBITDA margin guidance of around 43%; net leverage is expected to reach the around 2.3x year-end target from 2.5x. For the Q4 outlook, enterprise ARR is expected to be “something between 2% and 3% maybe,” while total ARR is expected to be “in a range of 0% to minus 2%, maybe something around that”; SMB improvement is expected especially for November and even more so for December, with churn from Q1 onwards potentially in the range of 15%, maybe lower, better, I mean. There is no concrete 2027 guidance, but management expects ARR growth to accelerate in 2027, supported by scaling the enterprise sales organization in EMEA, improving U.S. enterprise momentum, the general new business pipeline, the SMB recovery, the public space in Americas, the ServiceNow partnership and the DEX one-off churn washing out.
- Strong TeamViewer ONE Enterprise MomentumNew and upsell business from TeamViewer ONE grew more than sixfold year-over-year in Q3. TeamViewer ONE expanded from close to no contribution at the beginning of the year to approximately 10% of enterprise ARR, with its contribution increasing 13x between Q1 and Q3. By quarter-end, it had 208 enterprise customers, representing approximately 4% of the enterprise customer base and around 10% of enterprise ARR.
- Major Aerospace and Defense Customer WinOne of the world's largest aerospace and defense groups selected TeamViewer ONE for more than 200,000 endpoints under a three-year agreement with a total contract value of USD 6.6 million. The deployment includes DEX, Remote, content distribution and self-service through a single integrated platform.
- AI Adoption More Than Doubled Since Q2More than 70,000 customers had used TeamViewer AI, with more than 5.5 million cumulative AI sessions as of November 1. This was described as almost twice the level reported at the Q2 call. The company also expanded Tia troubleshooting, automations, the resolution center and self-healing capabilities.
- SMB Stabilization ContinuedSMB ARR declined year-over-year, but the sequential ARR decline tapered for the second consecutive quarter. SMB churn remained stable around 17% over recent months, supported by targeted retention initiatives and improving sales execution. Management said churn should improve as prior price increases and commercial measures wash out.
- Demonstrated Customer Automation BenefitsAt AkzoNobel, connecting Xara with DEX cut support tickets by more than 40% and saved more than 52,000 minutes of IT support time in a single quarter. Automating a configuration change across approximately 25,000 devices saved around 253 days of field service time.
- Enterprise Revenue and U.S. Demand GrowthEnterprise revenue increased 5% year-over-year to EUR 60 million. The U.S. enterprise business was described as a particular source of strength, with underlying demand remaining healthy and supported by solid new business generation and upsell selectivity.
- Strong Adjusted EBITDA Margin and Net Income GrowthQ3 adjusted EBITDA was EUR 79 million, with an adjusted EBITDA margin of 42.8%, in line with the full-year guidance of around 43%. Net income increased 26% year-over-year to an adjusted EPS of EUR 0.27. Total OpEx remained stable at EUR 89 million despite continued investments in sales, R&D and product development.
- High Gross Margin and Cost DisciplineGross profit was EUR 168 million, representing a 91% gross margin. Marketing costs decreased 18% year-over-year to EUR 20 million, while G&A expenses decreased 90% year-over-year as a result of cost controls and post-merger integration synergies.
- Improved Cash GenerationPretax cash from operating activities increased 23% year-over-year to EUR 57 million, primarily due to lower sponsorship payments. Levered free cash flow conversion improved to 35% during the quarter.
- Strengthened Financing and Maturity ProfileRefinancing activities increased average debt tenor from 2.5 years to 3.4 years and maintained an average interest rate of around 4%. The company extended a EUR 75 million revolving credit facility from January 2027 to January 2031, issued a EUR 125 million Schuldschein and secured EUR 40 million of bilateral loans. The equity ratio improved to 18%, net debt declined EUR 40 million quarter-over-quarter to EUR 819 million, and net leverage remained at 2.5x with a year-end target of around 2.3x.
- Continued Investment in Innovation and Go-to-MarketThe company continued investing in innovation, AI, R&D, sales capabilities and go-to-market execution while maintaining its full-year adjusted EBITDA margin guidance. R&D costs increased 14% year-over-year, and sales costs increased 8% to support product innovation, customer acquisition and retention. Peter Ruchatz joined as Chief Marketing Officer to support enterprise and mid-market adoption, SMB growth and an AI-powered marketing organization.
- Strategic Partnerships and U.S. Federal OpportunityThe ServiceNow partnership is extending TeamViewer's reach, while FedRAMP status is in process to strengthen the company's position in the U.S. federal sector. Management also cited public-sector wins and upsells, including the major defense win.
DE:TMV Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 09, 2027 | 2026 (Q4) | 0.24- | 0.31 | ― | ― |
| Nov 03, 2026 | 2026 (Q3) | 0.220.23 | 0.34 | -32.35% (-0.11) | |
| Jul 28, 2026 | 2026 (Q2) | 0.200.27 | 0.27 | 0.00% (+0.00) | |
| May 06, 2026 | 2026 (Q1) | 0.210.29 | 0.29 | 0.00% (+0.00) | |
| Feb 10, 2026 | 2025 (Q4) | 0.150.31 | 0.22 | 40.91% (+0.09) | |
| Oct 21, 2025 | 2025 (Q3) | 0.150.34 | 0.25 | 36.00% (+0.09) | |
| Jul 29, 2025 | 2025 (Q2) | 0.320.27 | 0.16 | 68.75% (+0.11) | |
| May 06, 2025 | 2025 (Q1) | 0.290.29 | 0.16 | 83.54% (+0.13) | |
| Feb 12, 2025 | 2024 (Q4) | 0.260.22 | 0.18 | 22.22% (+0.04) | |
| Nov 06, 2024 | 2024 (Q3) | 0.270.25 | 0.15 | 66.67% (+0.10) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
