TeamViewer Stock Forecast: What to Watch in the Q3 2026 Results
TeamViewer SE (Xetra: TMV) reports its Q3 2026 results on Tuesday 3 November 2026, according to the TeamViewer investor relations site. The TeamViewer share price closed at €6.90 on Xetra on Friday 9 October 2026, per boerse.de. That is well above the April record low of about €4.09. It is also far below the €14.10 close at the end of 2023.
The short answer for the quarter is this. Profit margins are holding up, while revenue growth is still missing. Q2 revenue fell 1.4% at constant currency to €182.7m, and the adjusted EBITDA margin was 43.2%, per the Q2 2026 release. Analysts are split. The MarketScreener consensus of 14 analysts shows an average target of €7.99, in a range from €5.70 to €13.00.
The information in this article is provided for educational purposes only and does not constitute financial advice. Consult a financial advisor before making investment decisions.
Table of Contents
- TeamViewer Stock at a Glance
- TeamViewer Share Price Performance
- TeamViewer Q2 2026 Results in Numbers
- TeamViewer Guidance 2026 and What H2 Needs
- TeamViewer Q3 2026 Results Preview
- What Drives TeamViewer Stock?
- TeamViewer Valuation
- TeamViewer Analyst Ratings and Price Targets
- TeamViewer Technical Analysis
- Key Dates Before and After the Q3 Results
- TeamViewer Stock Scenarios After Q3
- Pros and Cons of TeamViewer Stock
- How to Trade TeamViewer Stock
- Frequently Asked Questions
- Bottom Line
TeamViewer Stock at a Glance
TeamViewer sells remote access and IT management software. Its main products are TeamViewer Remote and TeamViewer Tensor. The newer TeamViewer ONE platform brings these tools together. The company also owns 1E, a digital employee experience (DEX) vendor bought for about $720m, per Wikipedia.
Key facts about TMV shares
| Item | Detail |
|---|---|
| Company | TeamViewer SE, Göppingen, Germany |
| TeamViewer ticker symbol | TMV (Xetra) |
| TeamViewer ISIN | DE000A2YN900 |
| Index membership | SDAX and TecDAX |
| Shares issued | 163.5m, of which 5,705,406 are treasury shares |
| Shares outstanding | About 157.8m |
| TeamViewer market cap | About €1.09bn at €6.90 (own calculation) |
| Net debt (30 June 2026) | €832.8m, 2.5x net leverage |
| Next results | Q3 2026 on 3 November 2026 |
| Dividend | TeamViewer does not pay a dividend |
Source: TeamViewer IR, shareholder structure, stock3 and TeamViewer Q2 2026 release. Data as of 13 October 2026.
Where the share price stands in October 2026
The stock gained 4.39% on 9 October to close at €6.90 on Xetra. Turnover that day was about €7.4m, against a Xetra average of about €2.7m a day from 14 to 25 September. On Monday 12 October, Börse Stuttgart quoted €6.97 at 11:01 CEST, per boerse.de.
TeamViewer Share Price Performance
TeamViewer listed in Frankfurt in September 2019. It was the largest European IPO of that year, per Wikipedia. The shares then peaked during the 2020 remote-work boom. Since 2021, the picture has been weak.
TeamViewer stock 5 year performance
| Year | Year-end close (EUR) | Annual change | Year high (EUR) | Year low (EUR) |
|---|---|---|---|---|
| 2021 | 11.92 | -72.82% | 48.70 | 11.16 |
| 2022 | 12.00 | +0.67% | 16.13 | 7.75 |
| 2023 | 14.10 | +17.50% | 17.36 | 12.00 |
| 2024 | 9.47 | -32.81% | 14.76 | 9.19 |
| 2025 | 6.04 | -36.25% | 13.43 | 5.43 |
| 2026 to 9 Oct | 6.90 | +14.24% | about 7.29 | about 4.09 |
Source: boerse.de, Xetra historical prices, calendar years 2021 to 2025. 2026 high and low from stock3 (Xetra). Past performance is not a reliable indicator of future results.
Over the five full years from 2021 to 2025, the stock fell in three years and rose in two. The 2020 close was €43.85, per boerse.de. The 2026 gain so far comes after two heavy losing years, so it starts from a low base.
Why did TeamViewer stock fall so far?
Several setbacks weighed on the shares. Growth slowed after the pandemic boom, and a profit warning followed in October 2025.
TeamViewer cut its 2025 ARR target to €780m to €800m, from €815m to €840m, per Nasdaq/RTTNews. It also lowered its preliminary 2026 revenue view to €790m to €825m. The stock fell 21.6% that day to a record low, per Börse Global.
A further setback was the cautious 2026 outlook on 10 February 2026. The shares fell up to 9% that day to €5.37, per dpa-AFX via Börse Online. Fears about AI hurting software firms added pressure in the weeks after.
How the 2026 rebound unfolded
The low came in April near €4.09, per stock3. A recovery followed in May and July. The 2026 high so far is about €7.29 on Xetra.
| Date (2026) | Xetra close (EUR) | Daily change |
|---|---|---|
| 25 Sep | 6.16 | -1.76% |
| 28 Sep | 6.06 | -1.55% |
| 30 Sep | 6.15 | +1.15% |
| 2 Oct | 6.38 | +2.00% |
| 5 Oct | 6.65 | +4.15% |
| 7 Oct | 6.73 | -0.81% |
| 8 Oct | 6.61 | -1.71% |
| 9 Oct | 6.90 | +4.39% |
Source: boerse.de, Xetra daily prices. Daily change is against the previous Xetra trading day, including days not shown. Past performance is not a reliable indicator of future results.
TeamViewer Q2 2026 Results in Numbers
The TeamViewer Q2 2026 results came out on 28 July 2026. Revenue was lower. Profit held up. Management said key indicators "all moved in the right direction during the quarter", per CFO Michael Wilkens in the Q2 2026 release.
| Metric | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | €182.7m | €190.7m | -4.1% (-1.4% cc) |
| ARR | €736.8m | €759.1m | -2.9% (-0.1% cc) |
| Adjusted EBITDA | €78.9m | €84.0m | -6% |
| Adjusted EBITDA margin | 43.2% | 44.1% | -1 pp |
| Net income | €30.1m | €22.6m | +33% |
| Adjusted EPS | €0.27 | €0.28 | -5% |
| Levered free cash flow | €40.8m | €59.6m | -31% |
| Net debt | €832.8m | €991.7m | -16% |
Source: TeamViewer Q2 2026 release. cc = constant currency. Past performance is not a reliable indicator of future results.
Revenue and ARR by segment
TeamViewer splits its business into Enterprise and SMB (small and mid-sized business). The two are moving in opposite directions.
| Segment | Q2 2026 ARR | ARR growth (cc) | Q2 2026 revenue | Revenue growth (cc) |
|---|---|---|---|---|
| Enterprise | €235.5m | +8.3% | €58.6m | +2.8% |
| SMB | €501.4m | -3.6% | €124.1m | -3.2% |
| Group | €736.8m | -0.1% | €182.7m | -1.4% |
Source: TeamViewer Q2 2026 release. Past performance is not a reliable indicator of future results.
TeamViewer Enterprise ARR grew 8.3% at constant currency. The largest accounts, those above €200,000 in ARR, grew 11%. TeamViewer SMB ARR fell 3.6%. The smallest SMB customers, under €1,500 in ARR, fell 7.0%.
TeamViewer net retention (NRR) was 93% for the group, down from 97% a year earlier. Enterprise NRR was 94%, against 98%. The customer count fell 7% to 611,900, per the Q2 release.
Revenue by region
| Region | Q2 2026 revenue | Q2 2025 revenue | Change (cc) |
|---|---|---|---|
| EMEA | €100.4m | €99.8m | +1.0% |
| Americas | €64.7m | €72.7m | -5.6% |
| APAC | €17.6m | €18.2m | +2.7% |
Source: TeamViewer Q2 2026 release. Past performance is not a reliable indicator of future results.
The Americas made up about 35% of Q2 revenue. This region carried churn effects in the DEX business, per the Q2 release. It also explains why the US dollar matters so much for reported figures.
Profit and cash flow
The adjusted EBITDA margin was 43.2% in Q2. Excluding FX, it would have been 44.4%. Marketing costs fell 28%, while R&D spending rose 12%, per the Q2 release.
Cash flow was weaker. Levered free cash flow fell 31% to €40.8m. The company said fewer multi-year deals with upfront payments were a factor, per the Q2 release.
Debt and refinancing in 2026
Net debt fell by €37.2m in Q2 to €832.8m. Net leverage stood at 2.5x, with an internal goal of about 2.3x by the end of 2026, per the Q2 release.
| Financing step | Detail | Date |
|---|---|---|
| TeamViewer Schuldschein loan | €125m across four-, five- and six-year tranches | Completed 8 Sep 2026 |
| Bilateral facility | €40m, backed by the European Investment Bank | Drawn by Sep 2026 |
| Revolving credit facility | €150m extended from 2029 to 2031 | Sep 2026 |
| 1E acquisition bridge | Repaid in full | Sep 2026 |
Source: TeamViewer IR, refinancing release, 8 September 2026.
TeamViewer Guidance 2026 and What H2 Needs
FY2026 guidance in detail
The TeamViewer guidance reaffirmed in July has two parts. Revenue should grow 0% to 3% at constant currency against the pro forma 2025 base of €767.5m. The adjusted EBITDA margin should be around 43%, per the Q2 release.
| Guidance item | FY2025 pro forma base | FY2026 target |
|---|---|---|
| Revenue growth (cc) | €767.5m | 0% to 3% |
| Adjusted EBITDA margin | 44.3% | About 43% |
| Expected FX impact on growth | n/a | About -2.4 percentage points |
| Net leverage | 2.6x at end-2025 | About 2.3x by end-2026 (internal goal) |
Source: TeamViewer Q2 2026 release and EQS, FY2025 results. Forecasts are not a reliable indicator of future performance.
The TeamViewer mid-term targets aim for mid to high single-digit growth at similar margins, per the FY2025 release. The company has not given a date for that goal.
The H2 arithmetic
H1 2026 revenue was €365.9m. Q3 and Q4 2025 together brought in about €386.6m on a pro forma basis. The table below shows what the full-year range implies for H2 in reported euros. These are our own estimates, using the -2.4 point FX effect.
| Outcome | FY2026 reported revenue (est.) | H2 2026 revenue needed (est.) | H2 change vs H2 2025 (est.) |
|---|---|---|---|
| Bottom of range (0% cc) | About €749m | About €383m | About -1% |
| Top of range (3% cc) | About €772m | About €406m | About +5% |
Source: own calculations from the TeamViewer Q2 2026 release and Nasdaq/RTTNews. Forecasts are not a reliable indicator of future performance.
On these estimates, the bottom of the range needs H2 revenue about 1% below H2 2025 in reported euros. H1 2026 revenue was 3.9% lower than a year earlier in reported terms. The top of the range would need a clear pick-up in Q3 and Q4.
TeamViewer Q3 2026 Results Preview
TeamViewer Q3 2026 earnings date and timing
The TeamViewer Q3 2026 earnings date is Tuesday 3 November 2026, per the TeamViewer IR site. Past releases came out at 07:00 German time, with an analyst call at 09:00. That pattern suggests about 06:00 GMT for the Q3 release, though the call time has yet to be confirmed.
Q3 2026 consensus against last year
| Metric | Q3 2025 (pro forma, actual) | Q3 2026 consensus |
|---|---|---|
| Revenue | €192.0m | About €197m |
| ARR | €756.8m | n/a |
| Adjusted EBITDA margin | 46% | n/a |
| EBITDA | €85.2m (reported) | About €83.3m |
| EPS | €0.18 reported (€0.34 adjusted, pro forma) | About €0.18 (reported basis) |
Source: Nasdaq/RTTNews for Q3 2025 and MarketScreener calendar and estimates for Q3 2026 and Q3 2025 reported EBITDA and EPS, checked 13 October 2026. The revenue estimate implies reported growth despite the expected currency drag, so it may not yet reflect updated forecasts. Forecasts are not a reliable indicator of future performance.
On a reported basis, consensus EPS of about €0.18 matches the Q3 2025 figure. The TeamViewer Q3 2026 consensus for revenue sits about 3% above last year's pro forma figure. Q3 2025 was a strong quarter with a 46% margin, so the base is tough.
Metrics traders often watch on results day
| Metric | Q2 2026 level | Why it may matter |
|---|---|---|
| Group ARR growth (cc) | -0.1% | Management expects growth to pick up in H2 |
| Enterprise ARR growth (cc) | +8.3% | Shows whether the DEX recovery continues |
| SMB ARR < €1.5k (cc) | -7.0% | The weakest part of the customer base |
| Group NRR (cc) | 93% | Tracks upsell against churn |
| Adjusted EBITDA margin | 43.2% | The full-year target is about 43% |
| Net leverage | 2.5x | The internal goal is about 2.3x by year end |
Source: TeamViewer Q2 2026 release. Past performance is not a reliable indicator of future results.
What Drives TeamViewer Stock?
Enterprise growth and the TeamViewer 1E turnaround
1E was the main cause of the 2025 profit warning. In Q1 2026, Enterprise ARR absorbed about €8m of one-off 1E churn, per Deutsche Börse/EQS. In Q2, the company said DEX churn fell to its lowest level since the deal, per the Q2 2026 release.
Large customers also signed multi-year renewals in Q2. A new partnership with ServiceNow will offer TeamViewer tools to ServiceNow customers as an add-on. These points come from the Q2 2026 release.
TeamViewer SMB churn
SMB is about 68% of group ARR (€501.4m of €736.8m). It is still shrinking. The company says churn among smaller customers began to stabilise in June, per the Q2 2026 release. Q3 will show whether that trend held over the summer.
AI disruption and the software sector
In February 2026, Bernstein named TeamViewer among stocks at risk from AI, per stock3. The worry is that AI agents could make remote support tools less needed.
TeamViewer argues the opposite. About 49,000 customers had used its AI features by 25 July 2026. Cumulative AI sessions passed 2.8m, per the Q2 release. Both views can be argued from the data.
The euro and EUR/USD
TeamViewer reports in euros, while a large share of sales is in US dollars. A weaker euro lifts reported revenue. A stronger euro does the reverse.
EUR/USD fell from a 2026 high of 1.2081 on 27 January to 1.1156 on 12 October, per Pound Sterling Live. The average rate in Q2 2026 was 1.16, against 1.13 a year earlier, per the Q2 2026 release. If the euro stays near current levels, the currency drag on Q4 could ease.
Sector flows and M&A news
TeamViewer often moves with European software stocks. On 14 August 2026, reports of a possible bid for Workday by Silver Lake lifted the sector. TeamViewer gained 5.1% that day, per Börsen-Zeitung.
XTB also described European software stocks as the main support for indices that day. The link works both ways. A sector sell-off could weigh on TMV even without company news.
Index status and regulatory news
TeamViewer moved from the MDAX to the SDAX on 23 March 2026 after a regular index review, per Börse Express. The September 2026 review left it unchanged, per Deutsche Börse. Index demotions can lead to selling by passive funds.
In July 2026, BaFin fined TeamViewer €240,000 over late ad hoc disclosure of a June 2024 cyberattack, per cash.ch. The amount is small. It still points to scrutiny of disclosure practices.
In early October 2026, Marble Bar Asset Management reported a net short position of 0.87%, per Trading-Treff. The same week, TeamViewer released security updates for five flaws in its software.
TeamViewer Valuation
The table below shows TeamViewer's valuation on consensus numbers. The table uses the €6.90 close and about 157.8m shares outstanding.
| Measure | Value (est.) | Basis |
|---|---|---|
| Market capitalisation | About €1.09bn | €6.90 x 157.8m shares |
| Enterprise value | About €1.92bn | Market cap plus €832.8m net debt |
| TeamViewer P/E ratio 2026E | About 8.2x | Consensus EPS €0.84 |
| P/E 2027E | About 7.3x | Consensus EPS €0.95 |
| TeamViewer EV/EBITDA 2026E | About 5.9x | Consensus EBITDA €327m |
| TeamViewer EV/sales 2026E | About 2.5x | Consensus revenue €760m |
Source: own calculations from boerse.de, TeamViewer Q2 2026 release and MarketScreener estimates. Forecasts are not a reliable indicator of future performance.
A low multiple can reflect value. It can also reflect doubts about growth and debt. Net debt is equal to about 76% of the equity value, which adds to the risk for shareholders if profits fall.
The Q3 results may test one claim in particular: that revenue growth returns in H2 2026. Margins and debt also matter. The current multiples may reflect doubts about that growth.
TeamViewer Analyst Ratings and Price Targets
Latest ratings
| Broker | Date | Rating | Target (EUR) |
|---|---|---|---|
| DZ Bank (Armin Kremser) | 2 Oct 2026 | Buy | 10.00 fair value (from 9.00) |
| JPMorgan (Toby Ogg) | 30 Jul 2026 | Neutral | 7.30 (from 7.50) |
| Berenberg (Gustav Froberg) | 31 Jul 2026 | Hold | 6.70 |
| Barclays | 7 May 2026 | Equal Weight | 5.00 |
| Consensus, 14 analysts | Oct 2026 | Outperform | 7.99 average (5.70 to 13.00) |
Source: Trading-Treff (DZ Bank), Goldesel (JPMorgan), Börse Global (Berenberg), finanzen.at (Barclays) and MarketScreener. Forecasts are not a reliable indicator of future performance.
The TeamViewer DZ Bank price target, set as a €10.00 fair value, is the highest individual broker target in the table above. DZ Bank cited the convergence of IT and operational technology. It also pointed to autonomous endpoint management, per Trading-Treff.
The TeamViewer Berenberg price target of €6.70 sits below the 9 October close. Berenberg had cut it from €11.00 in May, per Trading-Treff. The TeamViewer JPMorgan price target of €7.30 sits only about 6% above the 9 October close.
TeamViewer stock forecast 2026 and 2027 consensus
| Item | FY2025 (actual) | FY2026E | FY2027E | FY2028E |
|---|---|---|---|---|
| Revenue | €747m | €760m | €785m | €817m |
| EBITDA | €326m | €327m | €337m | €340m |
| Net income | €118m | €134m | €150m | €161m |
| EPS | €0.75 | €0.84 | €0.95 | €1.00 |
Source: MarketScreener estimates, checked 13 October 2026. IFRS basis. FY2025 IFRS revenue of €747m differs from the €767.5m pro forma base used in the company guidance. Forecasts are not a reliable indicator of future performance.
Analysts expect modest growth in 2027. The TeamViewer stock forecast 2027 therefore depends on the FY2027 outlook, which usually comes in February. stock3 lists 9 February 2027 for the Q4 release, per stock3.
TeamViewer Technical Analysis
Our own estimates, based on Xetra closes, are used below unless a source is named. They describe past price action only.
TeamViewer stock support and resistance
| Level | Price (EUR) | Basis |
|---|---|---|
| Resistance 3 | 8.60 | 52-week high on Xetra |
| Resistance 2 | 7.66 to 7.75 | 2022 low (7.66 per stock3, 7.75 per boerse.de), broken in October 2025 |
| Resistance 1 | 7.20 to 7.29 | 2026 high so far |
| Last close (9 Oct) | 6.90 | Xetra close |
| Support 1 | 6.57 to 6.61 | 8 October low and close |
| Support 2 | 5.96 to 6.06 | Late September intraday low and closes |
| Support 3 | About 5.54 | 200-day average (TipRanks, 23 Sep) |
| Support 4 | 4.09 | 2026 record low |
Source: own analysis of boerse.de Xetra data, stock3 52-week range, stock3 chart analysis and TipRanks. Past performance is not a reliable indicator of future results.
A daily close above about €7.30 would mark a new 2026 high. A close below €6.00 would break the September base. Neither outcome is certain, and false breaks are common around results.
Moving averages and RSI
The 20-day simple moving average was about €6.43 on 9 October, by our calculation. The TeamViewer 200 day moving average was about €5.54 on 23 September, per TipRanks. The price sits above both lines.
The 14-day TeamViewer RSI was about 68 on 9 October, by our calculation. Readings above 70 are often seen as overbought. Momentum can stay high for some time, and it can also fade quickly.
Key Dates Before and After the Q3 Results
| Date | Event | UK time | US Eastern time |
|---|---|---|---|
| Wed 28 Oct 2026 | Fed rate decision (FOMC 27 to 28 Oct) | 18:00 GMT | 14:00 EDT |
| Thu 29 Oct 2026 | ECB rate decision | 13:15 GMT | 09:15 EDT |
| Tue 3 Nov 2026 | TeamViewer Q3 2026 results | About 06:00 GMT (assumed) | About 01:00 EST (assumed) |
| Early Dec 2026 (expected) | Deutsche Börse quarterly index review | n/a | n/a |
| 9 Feb 2027 | Q4 and FY2026 results (provisional) | n/a | n/a |
Source: Federal Reserve, ECB, TeamViewer IR and stock3. Release times are based on past releases.
The ECB meeting on 29 October may move EUR/USD. Our ECB meeting preview covers that event in more detail. The economic calendar lists the exact release times. The UK and the eurozone move to winter time on 25 October, which shifts the usual time gaps.
TeamViewer Stock Scenarios After Q3
These scenarios are illustrative. They show how the market may react to different results. They are not predictions.
| Scenario | Possible triggers | Illustrative price zone (EUR) |
|---|---|---|
| Positive | ARR growth turns positive at cc, and guidance holds or moves up | Could test 7.30, then 7.66 |
| Neutral | Flat revenue at cc, with guidance confirmed at the lower end | Could stay between 6.00 and 7.30 |
| Negative | SMB churn worsens, or guidance is cut | Could fall back towards 6.00, then 5.50 |
Source: own illustrative analysis based on the TeamViewer Q2 2026 release. Forecasts are not a reliable indicator of future performance.
Positive scenario
- Group ARR could return to growth at constant currency.
- Enterprise ARR could keep growing at about 8% or more.
- The margin could stay at or above 43%.
- Lower leverage could revive talk of a share buyback.
Negative scenario
- SMB churn could rise again among small customers.
- Another DEX setback could hit Enterprise ARR.
- A cut in the full-year revenue target could weigh on the stock.
- A new AI-driven sell-off in software could add pressure.
Pros and Cons of TeamViewer Stock
| Pros | Cons |
|---|---|
| Adjusted EBITDA margin of 43.2% in Q2 | Revenue fell 1.4% at cc in Q2 |
| Enterprise ARR up 8.3% at cc | SMB ARR down 3.6% at cc |
| Low P/E of about 8x 2026 consensus EPS | Net debt of €832.8m |
| Refinancing completed in September 2026 | Customer count down 7% |
| Buyback authorisation of up to 10% | Debate over AI disruption |
| Weaker euro supports reported sales | A stronger euro would hurt reported sales |
| ServiceNow partnership signed in Q2 2026 | A buyback programme has yet to be announced |
Source: TeamViewer Q2 2026 release, TeamViewer refinancing release and Trading-Treff (buyback).
The June 2026 AGM approved a TeamViewer share buyback of up to 10% of share capital, per Trading-Treff. TeamViewer has not announced a new programme. Our guide to share buybacks and dividends explains how such programmes work.
How to Trade TeamViewer Stock
Ways to gain exposure
There are two common routes. Investors can buy the shares on Xetra or another German exchange through a broker. Traders can also use contracts for difference, which track the price without owning the share.
Admirals lists a TeamViewer AG CFD (#TMV.DE) among its CFDs on shares. CFDs on shares can be traded on MetaTrader 5. Our article on CFD trading explains how these contracts work.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk management around earnings
Earnings days can bring sharp gaps. TeamViewer fell 21.6% on the day of its October 2025 warning. Many traders use these habits to manage risk:
- Some traders cut position size before a results release.
- Stop-loss orders can limit losses, although gaps can cause slippage.
- Traders often wait for the analyst call before acting on the headline numbers.
- Some traders compare the reaction with peers such as SAP.
For a peer view, see our SAP Q3 2026 earnings preview. A demo account uses virtual funds, so traders can test an approach first. Results may differ from live trading.
Frequently Asked Questions
When does TeamViewer report Q3 2026 results?
TeamViewer's investor relations site lists Tuesday 3 November 2026 as the date for its Q3 2026 results.
Is TeamViewer publicly traded?
Yes. TeamViewer SE shares trade on Xetra under the ticker TMV. The stock belongs to the SDAX and TecDAX indices.
Does TeamViewer pay dividends?
TeamViewer does not pay a dividend. It has prioritised debt reduction, while shareholders approved a buyback authorisation in June 2026.
What is the TeamViewer market cap?
At the €6.90 Xetra close on 9 October 2026, the market capitalisation was about €1.09bn, based on 157.8m shares.
What is the TeamViewer guidance for 2026?
TeamViewer expects 0% to 3% constant-currency revenue growth in 2026 and an adjusted EBITDA margin of around 43%.
What do analysts say about TeamViewer stock?
Views are mixed. MarketScreener showed an Outperform consensus from 14 analysts in October 2026, with targets from €5.70 to €13.00.
Why did TeamViewer leave the MDAX?
TeamViewer moved to the SDAX on 23 March 2026 after a regular Deutsche Börse review of market value and turnover.
Bottom Line
TeamViewer enters its Q3 report with high margins and a stronger balance sheet. Growth is the open question. Enterprise ARR is rising, while SMB is still shrinking.
The stock has recovered from its April low. It remains far below earlier levels, at about 8 times 2026 consensus EPS. The 3 November results may show whether the expected H2 pick-up is under way. The outcome could move the stock sharply in either direction.
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Sources
- TeamViewer Q2 2026: DEX turnaround and TeamViewer ONE platform momentum; full-year guidance reaffirmed, TeamViewer IR, accessed 13 October 2026.
- TeamViewer completes refinancing measures and strengthens maturity profile, TeamViewer IR, accessed 13 October 2026.
- TeamViewer Investor Relations, TeamViewer, accessed 13 October 2026.
- Shareholder Structure, TeamViewer IR, accessed 13 October 2026.
- TeamViewer delivered on FY 2025 pro forma guidance, EQS News, accessed 13 October 2026.
- TeamViewer Q1 2026: Revenue in line with expectations, Deutsche Börse, accessed 13 October 2026.
- TeamViewer historische Kurse, boerse.de, accessed 13 October 2026.
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