Guillemot (GUI) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 turnover was €25.1 million, stable year-over-year, with Thrustmaster up 3% and Hercules down 20% due to a high base in Q1 2025.

• Strong sales momentum in Europe and Asia, but entry-level demand slowed in the US and Middle East amid geopolitical tensions.

• New unit established to manage marketplace channels, enhancing engagement with major partners and expanding brand visibility.

Financial highlights

• Thrustmaster segment revenue grew 3% year-over-year to €22.7 million.

• Hercules segment revenue declined 20% year-over-year to €2.4 million.

• Total Q1 turnover was €25.1 million, flat compared to Q1 2025.

• Net debt (excluding investment securities) was negative at -€22.4 million as of March 31, 2026.

• Ubisoft Entertainment shares held as investment securities valued at €1.7 million.

Outlook and guidance

• 2026 turnover expected to increase by 5%, with operating profit targeted at 5% of consolidated turnover.

• Strong product and content pipeline anticipated to drive growth, especially with new simulation and racing games.