Similarweb (NYSE:SMWB) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Similarweb (NYSE:SMWB) posted its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03, FiscalAI reports. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The business had revenue of $77.19 million during the quarter, compared to analysts’ expectations of $75.57 million.

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 Up 19.7%

Shares of NYSE:SMWB traded up $1.43 during midday trading on Wednesday, reaching $8.68. The company had a trading volume of 2,850,577 shares, compared to its average volume of 872,379. Similarweb has a 1-year low of $2.22 and a 1-year high of $10.75. The business’s 50 day moving average price is $6.06 and its 200 day moving average price is $4.29. The stock has a market cap of $760.38 million, a PE ratio of -24.80 and a beta of 1.14.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SMWB. Oppenheimer boosted their target price 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. Barclays cut their price objective on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Citigroup lifted their price target on shares of Similarweb from $3.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $5.00 to $10.00 in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Insider Buying and Selling at Similarweb

In other news, Director Barak Eilam purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $3.86 per share, with a total value of $193,000.00. Following the purchase, the director owned 101,315 shares in the company, valued at $391,075.90. This represents a 97.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Or Offer bought 50,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $4.15 per share, for a total transaction of $207,500.00. Following the completion of the purchase, the chief executive officer directly owned 4,744,396 shares of the company’s stock, valued at $19,689,243.40. This represents a 1.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 271,105 shares of company stock valued at $1,020,726 in the last three months.

Hedge Funds Weigh In On Similarweb

A number of large investors have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of Similarweb in the 2nd quarter valued at about $1,457,000. Federated Hermes Inc. raised its stake in shares of Similarweb by 52.4% in the 2nd quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $376,000 after acquiring an additional 16,500 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Similarweb in the 2nd quarter worth approximately $878,000. Nebula Research & Development LLC purchased a new position in shares of Similarweb during the 2nd quarter worth approximately $146,000. Finally, California State Teachers Retirement System lifted its stake in Similarweb by 29.7% during the second quarter. California State Teachers Retirement System now owns 49,654 shares of the company’s stock worth $389,000 after purchasing an additional 11,356 shares in the last quarter. 57.59% of the stock is currently owned by institutional investors.

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.