TomTom sees lower to steady revenue in 2026, followed by growth in 2027

Feb 4 (Reuters) - Dutch location technology company TomTom expects its revenue to be ​steady or lower in 2026, affected ‌by the transition of some customers.

The Amsterdam-based group forecast ‌revenue of between 495 million and 555 million euros ($586 million and $657 million) for 2026. Last year, its revenue was 555 million euros, ⁠which missed analysts' ‌561-million-euro forecast in a company-compiled consensus.

"Looking ahead to 2026, our revenue ‍will reflect the transition of some customers; however, this impact is temporary," finance chief Taco Titulaer said ​in a press release.

TomTom expects a ‌return to growth in 2027, he added, citing a "refreshed customer mix" and a strong backlog of orders.

Within the automotive business, the backlog increased to a record 2.4 billion euros ⁠at the end of ​2025.

The group expects revenue in ​its core Location Technology business to be between 435 million and 485 ‍million euros ⁠in 2026, compared to 482 million last year, and its operating margin to ⁠be above 3%, versus 0% in 2025.

($1 = 0.8451 euros)

(Reporting ‌by Mathias de Rozario in Gdansk, ‌editing by Milla Nissi-Prussak)