Alarm.com Lifts Full-Year Outlook as Q2 SaaS Revenue Climbs 11%
ALRM sits 36% above its 52-week low of $41.49.
Summary
Alarm.com posted 11% SaaS revenue growth in Q2 2026 and raised its full-year guidance, underscoring sustained momentum in its connected-property platform.
Key Events · Earnings and Guidance · ALRM
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Q2 SaaS Revenue +11.1%
SaaS and license revenue reached $188.8 million, up 11.1% year-over-year, driving total revenue of $277.7 million (+9.2%).
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Full-Year Guidance Raised
2026 SaaS and license revenue guidance increased to $754.0–$754.4 million (midpoint +$10.2M vs. prior), with non-GAAP adjusted EBITDA now expected at $221–$223 million.
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Strong Cash Generation
Operating cash flow was $92.5 million in H1 2026, more than double the prior year, and free cash flow reached $86.8 million. Cash and equivalents stood at $479.4 million after repaying $500 million in convertible notes.
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Non-GAAP EPS Beats
Non-GAAP adjusted net income per diluted share was $0.77, up from $0.62 a year ago, exceeding the prior-year period.
Analysis · ALRM · Technology
A strong second quarter saw SaaS and license revenue advance 11.1% to $188.8 million, propelling total revenue 9.2% higher to $277.7 million. Operating leverage was evident as non-GAAP adjusted EBITDA expanded to $57.7 million from $49.9 million a year ago. Reflecting that momentum, management raised the full-year 2026 SaaS and license revenue midpoint by $10.2 million and now expects adjusted EBITDA of $221–$223 million. The balance sheet remains robust with $479 million in cash after repaying $500 million in convertible notes earlier this year, while free cash flow more than doubled to $86.8 million in the first half. Trading near its 52-week high, the stock's raised outlook reinforces the growth narrative.
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At the time of this filing, ALRM was trading at $56.62 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $41.49 to $59.53. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.