The strong beat-and-raise quarter with accelerating revenue growth (9% to 13.5% guided), first GAAP operating profit, and large enterprise contract wins ($60M+) signal a fundamental inflection. Consider building or adding to long positions ahead of the Q3 print, with key catalysts being continued AI-driven demand and enterprise expansion.
Price Chart
Executive Summary
Similarweb reported Q2 2026 results with revenue of $77.2M (+9% YoY), GAAP operating profit of $0.7M (first positive quarter), and non-GAAP operating profit of $6.5M (8% margin). The company signed three multi-year contracts worth >$60M, surpassed $300M in ARR, and raised full-year guidance for the second time this year. This is a clear beat on both top and bottom lines with accelerating growth and improving profitability, making it a bullish signal for the stock.
Key Facts
- Q2 2026 revenue of $77.2M, up 9% YoY from $71.0M
- First ever quarter of positive GAAP operating profit of $0.7M (1% margin)
- Non-GAAP operating profit of $6.5M (8% margin), up from $2.4M (3%) YoY
- GAAP net loss narrowed to $(3.6M) from $(11.8M) YoY; Non-GAAP net income of $5.2M (7% margin)
- Signed three multi-year enterprise contracts worth >$60M total contract value
- Surpassed $300M in ARR in June; overall NRR increased to 100%
- RPO grew 26% YoY to $345.3M
- Raised FY 2026 revenue guidance to $314-318M (~11.8% YoY growth at midpoint) and non-GAAP operating profit to $24-26M
- Q3 2026 guidance: revenue $80.5-82.5M (~13.5% YoY growth at midpoint), non-GAAP operating profit $7.5-9.5M
- Free cash flow of $8.7M, 11th consecutive quarter of positive normalized free cash flow
Financial Impact
Revenue beat by ~$2M vs guidance midpoint; non-GAAP operating profit beat by ~$1.5M vs guidance midpoint; FY guidance raised by ~$6M at midpoint on revenue and ~$4M on non-GAAP operating profit
Risk Factors
- Macroeconomic headwinds could slow enterprise spending on digital analytics
- Competition from other data and analytics providers
- Israeli geopolitical risk given headquarters location
- Dependence on AI-related revenue growth sustaining momentum
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001842731-26-000042 |
| Document: a6-kcoverxq230062026.htm | 0001842731-26-000042 |
| Document: 0001842731-26-000042-index-headers.html | 0001842731-26-000042 |
| Document: 0001842731-26-000042-index.html | 0001842731-26-000042 |
| Document: 0001842731-26-000042.txt | 0001842731-26-000042 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 6-K | $8.43 | awaiting T+20 | — | $9.02 (+7.00%) |
Aug 12, 2026 10w ago | 6-K | $8.79 $8.10 | ▼ −7.85% | ▼ −5.95% | $9.02 (+2.62%) |
May 22, 2026 22w ago | Insider Cluster | $4.13 $5.02 | ▲ +21.55% | ▲ +22.97% | $9.02 (+118.40%) |
May 20, 2026 22w ago | Insider Cluster | $3.82 $4.99 | ▲ +30.63% | ▲ +29.89% | $9.02 (+136.13%) |
May 14, 2026 23w ago | 6-K | $3.07 $4.38 | ▲ +42.67% | ▲ +43.53% | $9.02 (+193.81%) |
Apr 23, 2026 26w ago | 6-K | $2.59 $3.78 | ▲ +45.95% | ▲ +41.92% | $9.02 (+248.26%) |
Apr 10, 2026 28w ago | 3 | $2.33 $3.28 | ▲ +40.77% | ▲ +32.24% | $9.02 (+287.12%) |
Mar 26, 2026 30w ago | 6-K | $2.67 $2.59 | ▼ −3.00% | ▼ −13.66% | $9.02 (+237.83%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers