Smith Micro reports Q2 2026 revenue growth, guides for Q3 lift

On Thursday, Smith Micro Software (NASDAQ: SMSI ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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The full earnings call is available at Summary Smith Micro Software reported second consecutive quarter of sequential revenue growth, achieving $4.3 million in Q2 2026, consistent with guidance.

The company is set to launch two new customers and extend a multi-year contract with a Tier 1 customer, expected to drive revenue growth in Q3 2026.

Gross profit increased to $3.5 million with a gross margin of 81.3%, marking significant improvement from the previous year.

Strategic initiatives include expanding the SafePath platform and launching SafePath Connect to enhance market reach and drive new revenue streams.

Management expressed optimism for the second half of 2026, with plans to capitalize on a strong pipeline and new market opportunities.

Full Transcript OPERATOR Good day and welcome to the Smith Micro second quarter of 2026 earnings conference call.

All participants will be in a listen-only mode for the duration of the call, and should you need any assistance today, please signal a conference specialist by pressing the star key followed by zero.

After the presentation today, there will be an opportunity to ask questions.

To ask a question, you may press star then one on your telephone keypad, and to withdraw a question, please press star then two.

Also, please be aware that today's call is being recorded.

I would now like to turn the call over to Charles Messman, Vice President.

Please go ahead.

Charles Messman, Vice President, Investor Relations Thank you, operator.

We appreciate you joining us today to discuss Smith Micro Software financial results for the second quarter 2026.

By now you should have received a copy of the press release with the financial results.

If you do not have a copy and would like one, please visit the Investor Relations section of our website at On today's call we have Bill Smith, Executive Chairman of the Board; Tim Huffmeyer, our President and CEO; and Bethany Broad, our Chief Financial Officer.

Please note that some of the information you will hear during today's discussion consists of forward-looking statements, including, without limitation, those regarding the Company's future revenue and profitability; our plans and expectation; new product development and availability; new and expanded market opportunities; future product deployments; growth by new and existing customers; operating expenses; and the Company's cash reserve.

Forward-looking statements involve risk and uncertainty, which could cause actual results or trends to differ materially from those expressed or implied by our forward-looking statements.

For more information, please refer to the risk factors included in our most recently filed Form 10-K.

Smith Micro assumes no obligation to update any forward-looking statements, which speak to management's beliefs and assumptions only as of the date they are made.

I want to point out that in our forthcoming prepared remarks we will refer to specific non-GAAP financial measures.

Please refer to our press release disseminated earlier today for a reconciliation of these non-GAAP financial measures.

With that said, I will turn the call over to Tim.

Tim Huffmeyer, President and CEO Thanks, Charlie, and thank you for joining us today for our second quarter 2026 conference call.

I see our second quarter performance as a significant step forward on our journey of returning Smith Micro to growth and future profitability.

We delivered sequential revenue growth in the second quarter consistent with the guidance provided on our last call.

In fact, we have now delivered sequential revenue growth over two consecutive quarters for the first time in approximately five years.

We expect to announce the launch of two new customers by the end of this month.

Contracts with both customers are fully executed and launch plans and products are ready to go.

Additionally, we are within days of signing a significant multi-year contract extension with an existing tier one customer.

We believe this contract extension will generate significant revenue growth beginning in the third quarter.

Both the new customer launches and the contract extension were planned to happen in the second quarter and their delay has resulted in some of our forecasted second quarter revenue being pushed to the third quarter.