Sweden's Tobii Q1 gross margin rises, driven by efficiency gains

Tobii AB

06/05/2026 06:47

Overview

Sweden eye tracking tech firm's Q1 net sales fell yr/yr but organic growth was 5%

Gross margin rose to 84% from 77%, driven by product mix and efficiency gains

Cost reduction program delivered SEK 48 mln in Q1 savings; free cash flow turned positive

Outlook

Tobii expects demand for attention computing to grow with increased use of AI and robotics

Company is implementing measures to strengthen sales and increase marketing in weak areas

Tobii expects operational cash flow to reach balance with continued cost control

Result Drivers

CURRENCY AND NON-RECURRING REVENUE - Net sales were negatively affected by a stronger Swedish krona and the absence of SEK 27 mln in non-recurring revenue from the prior year

SEGMENT VARIATION - Products & Solutions sales declined organically due to weak demand in China, while Autosense grew sharply from a DMS license agreement

COST SAVINGS - Cost reduction program delivered SEK 48 mln in Q1 savings, contributing to improved free cash flow

Company press release: ID:nMFN2zPpks

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 164 mln
Q1 EPS
-SEK 0.22
Q1 Gross Margin
84.00%
Q1 EBIT
-SEK 28 mln
Q1 Free Cash Flow
SEK 17 mln
Q1 Organic Growth
5.00%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the integrated hardware & software peer group is "buy."

Wall Street's median 12-month price target for Tobii AB is SEK2.50, about 25.3% above its May 5 closing price of SEK2.00

The stock recently traded at 304 times the next 12-month earnings vs. a P/E of 200 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)