Similarweb (NYSE:SMWB) Releases Earnings Results

Similarweb (NYSE:SMWB) issued its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $77.19 million during the quarter. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.

Here are the key takeaways from Similarweb’s conference call:

• Q2 revenue and profitability exceeded expectations: Revenue rose 9% year over year to $77.2 million, non-GAAP operating profit reached $6.5 million, and the company posted its first-ever positive GAAP operating profit. Normalized free cash flow was $8.7 million, or an 11% margin.
• Similarweb reported its strongest quarter for net new ARR, improved NRR to 100% overall and 107% for customers above $100,000 in ARR, and signed three multi-year enterprise contracts worth more than $60 million in cumulative contract value. A fourth large contract was signed in July, with management citing an unusually strong pipeline.
• AI is becoming a larger growth driver: AI-related revenue increased to 13% of Q2 revenue from 11% at the end of 2025, while demand is expanding beyond LLM training into AI agents, OEM data applications, brand intelligence, and investor use cases. Multi-year contracts now represent 66% of ARR, up from 57% a year ago.
• Management raised full-year 2026 guidance for revenue to $340 million-$380 million and non-GAAP operating profit to $24 million-$26 million, while forecasting Q3 revenue of $80.5 million-$82.5 million and 17.5% year-over-year growth at the midpoint.
• The company is prioritizing large enterprise expansion over smaller inbound business, leaving the number of customers above $25,000 in ARR nearly flat year over year at 1,815. Management also noted broader declines in website visitor traffic, particularly from search, although it said average deal value and win rates were stable.

Similarweb Stock Performance

Shares of SMWB opened at $8.71 on Thursday. Similarweb has a 1 year low of $2.22 and a 1 year high of $10.75. The company’s 50-day simple moving average is $6.15 and its 200-day simple moving average is $4.31. The stock has a market capitalization of $763.00 million, a PE ratio of -24.89 and a beta of 1.14.

Insider Buying and Selling at Similarweb

In other Similarweb news, CEO Or Offer purchased 53,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of $3.58 per share, with a total value of $189,740.00. Following the transaction, the chief executive officer directly owned 4,694,396 shares of the company’s stock, valued at approximately $16,805,937.68. This represents a 1.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tamar Rapaport-Dagim purchased 40,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $3.22 per share, with a total value of $128,800.00. Following the purchase, the director owned 63,584 shares of the company’s stock, valued at approximately $204,740.48. This represents a 169.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 271,105 shares of company stock worth $1,020,726. 62.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Similarweb in the fourth quarter valued at approximately $324,000. Public Employees Retirement System of Ohio grew its holdings in Similarweb by 302.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 46,673 shares of the company’s stock worth $434,000 after acquiring an additional 35,073 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Similarweb by 31.9% in the 3rd quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock valued at $184,000 after purchasing an additional 4,777 shares during the last quarter. Legal & General Group Plc increased its position in shares of Similarweb by 13.7% in the 3rd quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock valued at $403,000 after purchasing an additional 5,235 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of Similarweb in the 2nd quarter valued at $209,000. 57.59% of the stock is owned by institutional investors and hedge funds.

Similarweb News Roundup

Here are the key news stories impacting Similarweb this week:

• Positive Sentiment: Q2 earnings exceeded expectations: Similarweb reported adjusted earnings of $0.06 per share, up from $0.01 a year earlier and above the $0.03 analyst consensus. Revenue reached $77.19 million. Similarweb Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: 2026 guidance was raised above consensus: Management forecast third-quarter revenue of $80.5 million to $82.5 million, compared with the $79.0 million consensus estimate. Full-year revenue guidance of $314 million to $318 million also topped the $310.6 million analyst forecast. Similarweb Shares Surge After Earnings Beat and Upgraded 2026 Outlook
• Positive Sentiment: Analyst sentiment improved: Northland Securities upgraded Similarweb from “market perform” to “outperform” and doubled its price target from $5 to $10, supporting the bullish reaction and implying additional upside relative to the stock’s referenced price. Northland Securities Upgrade
• Neutral Sentiment: Growth remains the primary investment case: The earnings presentation and call focused on the quarter’s results and outlook, with revenue guidance suggesting continued demand for Similarweb’s digital intelligence products. Similarweb Q2 2026 Earnings Call Transcript
• Negative Sentiment: Profitability remains a risk: Despite the adjusted quarterly earnings beat, Similarweb reported a negative net margin of 10.38% and negative return on equity of 48.57%, indicating that the company has not yet achieved consistent GAAP profitability. Similarweb Quarterly Earnings Data

Wall Street Analyst Weigh In

Several research analysts have weighed in on SMWB shares. Barclays reaffirmed an “overweight” rating and set a $11.00 target price on shares of Similarweb in a research note on Thursday. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $5.00 to $10.00 in a research note on Wednesday. Citigroup restated a “neutral” rating on shares of Similarweb in a report on Thursday. Finally, Oppenheimer increased their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.86.

Similarweb Company Profile

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.