Similarweb Q2 2026: Revenue Beats, First GAAP Profit, Guidance Raised on $60M+ in New AI Contracts
SMWB has more than doubled off its 52-week low of $2.22.
Summary
Similarweb reported Q2 revenue of $77.2M (up 9% YoY), its first GAAP operating profit, and raised full-year guidance after signing over $60M in new AI-driven contracts. The results signal a shift to sustainable profitability and accelerating demand.
Updates
· Reuters — Q3 revenue is guided to $80.5M-$82.5M.
Key Events · Earnings and Guidance · SMWB
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Q2 Revenue and Profit Beat
Revenue of $77.2M (+9% YoY) exceeded guidance; non-GAAP operating profit of $6.5M (8% margin) also came in above the guided range.
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First GAAP Operating Profit
GAAP operating income reached $0.7M, the company's first-ever quarter of positive GAAP operating profit, compared to a $(6.9)M loss a year ago.
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Raised Full-Year Guidance
FY 2026 revenue guidance raised to $314M-$318M (11.8% growth at midpoint) and non-GAAP operating profit to $24M-$26M, the second raise this year.
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$60M+ in New AI Contracts
Three seven-figure multi-year contracts signed in Q2, worth over $60M combined, including an expansion that created the company's third eight-figure ARR account.
Analysis · SMWB · Technology
A strong Q2 saw Similarweb surpass its own top- and bottom-line forecasts, delivering its first-ever quarter of positive GAAP operating income. Demand for AI-related data fueled three multi-year, seven-figure contracts worth over $60 million combined. With management raising full-year guidance for the second time this year, confidence in sustained momentum is clear. A 26% jump in remaining performance obligations to $345 million provides robust revenue visibility, marking a clear inflection point toward consistent profitability and accelerating growth.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1072 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SMWB was trading at $8.13 on NYSE in the Technology sector, with a market capitalization of approximately $635.1M. The 52-week trading range was $2.22 to $10.75. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.