Smith Micro Software Q1 revenue falls, loss narrows

Smith Micro Software

29/04/2026 21:11

Overview

US mobile software provider's Q1 revenue fell year-over-year

Q1 non-GAAP net loss narrowed from prior year

Company cites improved operating discipline and higher gross margin versus prior quarter

Outlook

Company anticipates topline growth in the second qtr, citing new business under contract

Smith Micro says priorities for 2026 include revenue growth and sustainable profitability

Company sees expanding opportunities with existing and prospective customers supporting outlook

Result Drivers

OPERATING DISCIPLINE - Co attributed improved gross margin and lower operating expenses to increased focus and better execution

CUSTOMER ENGAGEMENT - Co said strong engagement with existing and prospective customers contributed to business momentum

Company press release: ID:nBw24SsXJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$4.22 mln
$4.35 mln (2 Analysts)
Q1 Net Income
-$3.90 mln
Q1 Gross Profit
$3.31 mln
Q1 Operating Expenses
$6.68 mln
Q1 Operating Income
-$3.37 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 $2.50, about 212.5% above its April 28 closing price of $0.80

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.)