Q1 2026 TomTom NV Earnings Call Transcript
Key Points
- TomTom NV (TMOAY) reported a solid execution in Q1 2026 with improved profitability.
- The company made significant progress in its core location technology business, particularly in Automotive and Enterprise segments.
- TomTom NV (TMOAY) strengthened its position in traffic analytics through new partnerships with companies like AECOM, Kapsch TrafficCom, and LOCUS.
- Gross margin improved to 90% in Q1 2026, up from 88% in the same quarter last year.
- Operating expenses were reduced by EUR15 million compared to the same quarter last year, due to organizational realignment and higher capitalization of investments.
- Group revenue decreased by 8% to EUR129 million in Q1 2026, compared to EUR140 million in the previous year.
- Automotive operational revenue fell by 16% year-on-year due to the discontinuation of certain customer programs and currency effects.
- Enterprise revenue declined by 8% year-on-year, although it showed a slight increase when adjusted for currency fluctuations.
- Consumer segment revenue dropped by 21% year-on-year, reflecting the decline in the portable navigation device market.
- Free cash flow for 2026 is expected to be negative due to transitional headwinds and ongoing investments in new automotive programs.
Good day, ladies and gentlemen. Welcome to TomTom's first-quarter 2026 results conference call. (Operator Instructions) Please note that this conference is being recorded.
I'll now turn the call over to your host for today's conference, Claudia Janssen, Investor Relations. You may begin.
Yes. Thank you. Good afternoon, everyone, and welcome to our conference call. In today's call, we will discuss the Q1 2026 operational highlights and financial results with Harold Goddijn and Taco Titulaer. Harold will begin with an update on strategic developments. Taco will then provide further insight into our financials. After their prepared remarks, we will open the line for your questions.
As always, please note that Safe Harbor applies.
With that, Harold, let me, for the last time, hand it over to you.
Yeah. Thank you. Thank you very much
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