Temenos AG (XSWX:TEMN)

Q1 2026 Temenos AG Earnings Call Transcript

Apr 21, 2026 / 04:30PM GMT

Release Date Price: CHF76.95 (+0.85%)

Transcript

Key Points

Positve

Temenos AG (TMNSF) delivered strong performance in Q1 2026, with product revenue growth above market expectations.
The company saw particularly good performance in the Middle East and Africa, signing multiple deals with new and existing customers.
Temenos AG (TMNSF) reported strong growth in maintenance revenue, driven by premium maintenance signings.
The company has a well-funded investment plan for 2026, with planned incremental investments partially offset by cost efficiencies.
Temenos AG (TMNSF) reconfirmed its 2026 guidance and 2028 targets, indicating confidence in its strategic positioning and execution capabilities.

Negative

The US market showed flat growth in the quarter, which may indicate challenges in converting the pipeline into revenue.
There is uncertainty regarding the precise timing of deal signings in the US due to the complexity of the deal process.
The company faces macroeconomic uncertainties, including potential impacts from geopolitical tensions and global recession risks.
Despite strong Q1 results, Temenos AG (TMNSF) maintained a prudent approach to its full-year guidance, reflecting caution amid uncertainties.
The company experienced a headwind from the termination of a BNPL client in 2025, impacting ARR growth.

Operator

Ladies and gentlemen, welcome to the Temenos Q1 2026 results conference call and live webcast. I am Sandra, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it is my pleasure to hand over to Takis Spiliopoulos, CEO and Interim CFO. Please go ahead, sir.

Paniagotis Spiliopoulos

Temenos AG - Interim Chief Executive Officer, Chief Financial Officer, Member of the Executive Committee

Thank you. Good afternoon, good evening. Thank you for joining our Q1 2026 results call. As usual, I will talk you through our key performance and operational highlights before updating you on our financial performance.

Starting on slide 6. We delivered a strong performance in Q1 '26 across all our key metrics and our product revenue continues to grow above market. This follows on from the strong performance in 2025, where we delivered above-market growth in product revenue in the first year of our strategic plan.

The

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