Smith Micro Software's Q2 adj net loss narrows

Smith Micro Software

13/08/2026 21:10

Overview
US mobile software provider's Q2 revenue fell yr/yr, gross margin improved
Q2 non-GAAP net loss narrowed to $1.0 mln from $2.8 mln a year earlier
Company expects new customer launches and contract wins to drive future growth

Outlook
Company expects two new customer launches in the near term

Result Drivers
PRODUCT DEMAND - Co said it saw strong demand for its solutions and momentum across the business
NEW CUSTOMERS - Co said two new customers are ready to launch in the near term and multiple contracts are under negotiation

Company press release: ID:nBw65gR2ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$4.34 mln
$4.70 mln (2 Analysts)
Q2 Net Loss
 
$2.65 mln
 
Q2 Gross Profit
 
$3.53 mln
 
Q2 Operating Income
 
-$2.37 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Smith Micro Software Inc is $16.25, about 434.5% above its August 12 closing price of $3.04

Reuters Recommended Reads
Aug 11 - DarioHealth Q2 revenue falls on pharma exit; gross margin improves
Aug 12 - Israel's Allot Q2 revenue tops estimates, raises 2026 outlook
Aug 12 - Trimble raises annual forecasts on strong demand for software tools

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.)