TeamViewer cuts 2026 revenue outlook as Q3 revenue falls 

Overview

• Germany remote connectivity software firm's Q3 revenue fell 2.2% yr/yr in constant currency

• Adjusted EPS for Q3 fell 19% yr/yr

• Company cut full-year revenue guidance, citing delayed enterprise deals and economic uncertainty

Outlook

• TeamViewer lowers FY 2026 revenue growth guidance to between -2% and -1% cc yoy

• Company reaffirms FY 2026 adjusted EBITDA margin guidance of around 43%

• TeamViewer expects ARR growth to accelerate in 2027, supported by Enterprise sales scaling and new business pipeline

Result Drivers

• ENTERPRISE DEAL DELAYS - Co said slower conversion of large Enterprise deals and renewed economic uncertainty in Europe weighed on Q3 results and led to softer Q4 outlook

• NEW BUSINESS MOMENTUM - Co said TeamViewer ONE and DEX new and upsell business grew sixfold yr/yr in Q3, with strong traction among large Enterprise accounts

• SMB STABILIZATION - Co said SMB churn stabilized sequentially in Q3, providing early signs of a potential turnaround

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for TeamViewer SE is €8.50, about 17.6% above its November 2 closing price of €7.23

Reuters Recommended Reads

• Nov 2 - Germany's INIT cuts 2026 EBIT forecast as Q3 profit drops

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• Nov 2 - Hugo Boss lowers annual outlook on weak demand, higher expenses

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)