Similarweb Ltd. (NYSE:SMWB) shares jumped 17% in premarket trading on Wednesday after the digital data and analytics company reported second-quarter earnings and revenue above Wall Street expectations and raised its full-year guidance amid strong demand for AI-related solutions.
Adjusted earnings per share came in at $0.06, double the analyst consensus estimate of $0.03.
Revenue increased 9% year on year to $77.2 million from $71.0 million in the second quarter of 2025, exceeding the $75.54 million consensus forecast.
Multi-year contract wins strengthen Similarweb growth
Similarweb secured more than $60 million in new multi-year contracts during the quarter, including three agreements valued at seven figures.
“We delivered a strong second quarter that I believe marks an important inflection point for Similarweb, with revenue and profit ahead of our expectations,” stated Or Offer, Co-Founder and CEO. “NRR increased to 100% for all customers, and we signed three seven-figure multi-year contracts worth more than $60 million combined, including an expansion that made a leading big tech customer our third eight-figure ARR account.”
The contract wins, alongside improving net revenue retention, highlighted stronger demand for Similarweb’s data and analytics products as customers increasingly seek solutions related to artificial intelligence.
Similarweb forecasts faster third-quarter growth
For the third quarter of 2026, Similarweb expects revenue of between $80.5 million and $82.5 million.
The midpoint of $81.5 million would represent year-on-year growth of approximately 13.5%, indicating an acceleration from the 9% increase recorded during the second quarter.
The company also raised its full-year 2026 revenue forecast to between $314.0 million and $318.0 million.
At the midpoint of $316.0 million, annual revenue would increase by approximately 11.8% year on year.
Similarweb records first positive GAAP operating profit
Profitability improved substantially during the second quarter, with adjusted operating profit rising to $6.5 million, equivalent to 8% of revenue.
That compares with adjusted operating profit of $2.4 million, or 3% of revenue, in the corresponding quarter of 2025.
Similarweb also achieved its first quarter of positive GAAP operating profit, recording $0.7 million for the period.
The combination of above-consensus results, major multi-year contract wins, improving profitability and a stronger full-year outlook helped drive the sharp increase in Similarweb shares following the announcement.
Similarweb stock price
