Similarweb reports revenue growth and improved guidance, while earnings miss highlights profitability concerns.
Stock Earnings Results
May 13, 2026
Table of Contents
May 13, 2026
Similarweb Ltd. (NYSE: SMWB) reported first-quarter 2026 revenue above expectations and raised the lower end of its full-year guidance, but shares came under pressure after the company posted a wider-than-expected loss.
Similarweb is a digital data and analytics company that provides web traffic intelligence, competitive insights, ecommerce analytics, marketing data, and AI-related data solutions for businesses.
The company reported a loss of $0.04 per share, below estimates for earnings of $0.02, representing a negative 300.0% earnings surprise. Revenue came in at $73.88 million, above estimates of $72.67 million, with revenue growth of 10.1%.
Similarweb reported total revenue of $73.9 million, up 10% year-over-year from $67.1 million.
Management said revenue and non-GAAP operating profit came in at the top end of its guidance range, supported by improved sales productivity and stronger first-quarter ARR growth.
GAAP net loss improved to $6.4 million from a $9.3 million loss in the prior-year quarter.
Non-GAAP operating profit was $2.4 million, compared with a non-GAAP operating loss of $1.3 million a year earlier. Non-GAAP net income was $1.0 million, compared with a $2.4 million loss in the prior-year period.
Similarweb said 64% of overall ARR was contracted under multi-year subscriptions as of March 31, 2026, up from 52% a year earlier.
That matters because multi-year contracts can improve revenue visibility and reduce renewal risk. Remaining performance obligations also increased 18% year-over-year to $297.7 million.
The company said commercial interest in its AI-related data and solutions continues to expand.
During the quarter, Similarweb signed a seven-digit LLM data training contract with an existing big tech customer and expects another large LLM data contract over the coming quarters. It also expanded its partnership with Manus, embedding more Similarweb datasets into Manus’s AI agent experience.
Similarweb raised the lower end of its 2026 guidance range for both revenue and non-GAAP operating profit.
The company now expects full-year revenue of $307.0 million to $315.0 million and non-GAAP operating profit of $17.0 million to $19.0 million. For Q2, it expects revenue of $74.5 million to $76.5 million and non-GAAP operating profit of $3.0 million to $5.0 million.
Investors are likely to watch whether Similarweb can turn AI data demand and multi-year subscription growth into stronger earnings leverage.
The key areas are:
Similarweb’s quarter had solid operating signals, but the headline EPS miss likely weighed on the stock reaction.
Revenue beat estimates, guidance improved, and AI-related demand is building. But overall net retention declined year-over-year, free cash flow was slightly negative, and GAAP losses remain part of the story.
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