Quarterly ResultAug 12, 2026, 07:08 AM
Similarweb Q2 Revenue $77.2M, Raises FY Guidance on Strong AI Demand
AI Summary
Similarweb Ltd. announced strong second quarter 2026 results, with revenue and non-GAAP operating profit exceeding guidance. The company achieved its first-ever quarter of positive GAAP operating profit and saw its overall Net Retention Rate (NRR) increase to 100%. Driven by robust AI demand, Similarweb secured over $60 million in new multi-year contracts and subsequently raised its full-year 2026 revenue and profit guidance.
Key Highlights
- Total revenue reached $77.2 million, an increase of 9% year-over-year.
- Reported first-ever positive GAAP operating profit of $0.7 million.
- Non-GAAP operating profit was $6.5 million, up from $2.4 million in Q2 2025.
- Signed three seven-figure multi-year contracts totaling over $60 million.
- Overall Net Retention Rate (NRR) was 100% for all customers.
- Remaining performance obligations (RPO) increased 26% year-over-year to $345.3 million.
- Raised full-year 2026 revenue guidance to $314.0 million - $318.0 million.
- Generated $8.7 million in free cash flow, marking the eleventh consecutive quarter of positive normalized free cash flow.
Price Impact
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