TeamViewer cuts 2026 revenue outlook as large enterprise deals slip

what happened

Germany-based remote connectivity software firm TeamViewer reported that third-quarter revenue fell 2.2% year on year in constant currency, while adjusted earnings per share dropped 19%. Revenue came in at EUR 184.5 million against a two-analyst consensus of EUR 190.23 million, and adjusted EBITDA was slightly below forecast at EUR 78.9 million versus EUR 79.39 million. The adjusted EBITDA margin reached 42.8%.

The company now expects 2026 revenue growth of between -2% and -1% in constant currencies, down from its earlier range of 0% to 3%. It reaffirmed its adjusted EBITDA margin guidance of around 43%. TeamViewer blamed the weaker outlook on slower conversion of large enterprise deals and renewed economic uncertainty in Europe.

The company said new and upsell business for TeamViewer ONE and DEX grew sixfold year on year in the quarter, and it expects ARR growth to accelerate in 2027. The information was reported by Reuters, citing company data.

why it matters

The main risk for investors is that delays in large contracts last longer than the company expects. Analysts on average still rate the shares a buy, but the lower guidance will put more pressure on TeamViewer to show a return to growth.

market impact

TeamViewer shares: lower revenue guidance weighs on the stock over enterprise deal delays

• ▼TeamViewer shares pressure down — lower 2026 revenue guidance driven by delayed large enterprise deals

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