EarningsQ2 2026 Earnings Report
DE:63X Q2 2026 EPS Results
Actual EPS€0.05
Consensus EPS€0.03
Beat/MissBeat by +€0.03
One Year Ago EPS<€0.01
DE:63X Q2 2026 Revenue Results
Actual Revenue€68.84M
Expected Revenue€67.39M
Beat/MissBeat by +€1.44M
YoY Revenue Growth+8.76%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeBefore Open
Conference CallWednesday, August 12, 2026
DE:63X Upcoming Earnings
Similarweb's next earnings date is estimated for November 17, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:63X Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a clear inflection point: revenue above guidance, sustained improvement in retention and account metrics, significant enterprise contract wins (including LLM customers), the first positive GAAP operating profit, expanded AI-related revenue and stronger cash generation. Offsetting these positives are FX-related headwinds, rising tax expense, softer traffic trends among smaller customers and an increased concentration on a smaller set of large contracts (introducing timing and concentration risk). Overall, the positive operational and financial momentum—particularly profitable growth and sizeable enterprise AI contracts—outweighs the identified challenges.Company Guidance
Revenue Growth Above Guidance
Q2 revenue of $77.2M, up 9% year-over-year, above the top end of guidance. Company raised FY2026 revenue guidance to $340M–$380M (≈12% YoY growth at midpoint) and Q3 guidance to $80.5M–$82.5M (≈17.5% YoY at midpoint). Guidance was raised for the second time in 2026.
Profitability Milestones and Cash Generation
Achieved positive GAAP operating profit for the first time. Non-GAAP operating profit of $6.5M (8% margin) vs $2.4M in Q2 2025. Normalized free cash flow of $8.7M (11% free cash flow margin). Non-GAAP diluted EPS $0.06 vs $0.01 in Q2 2025. Full-year non-GAAP operating profit guidance raised to $24M–$26M.
Enterprise Contract Wins and ARR Expansion
Signed three multiyear enterprise contracts in Q2 representing more than $60M of accumulated contract value and a fourth large contract in July. Portion of business from customers >$100k ARR reached ~69–70% (up from 63% a year ago). ARR under multiyear contracts expanded to 66% from 57% year-over-year.
Improved Retention and Account Metrics
Net revenue retention (NRR) improved to 100% across all customers and 107% for customers >$100k ARR. Strong gross retention reported. Number of customers with ARR >$100k increased to 473 (+9% YoY). Average account value for >$25k cohort grew 19% YoY to $149K; average account value for >$100k cohort grew 18% YoY to $438K.
Growing RPO and Deferred Revenue Provides Visibility
Remaining performance obligations (RPO) totaled $345M, up 26% YoY, with ~66% of RPO expected to be recognized as revenue over the next 12 months. Deferred revenue increased to $141M, up 21% YoY.
AI Momentum and New Distribution
AI-related revenue reached 13% of total revenue in Q2 (up from 11% at end of Q4 2025). One customer expanded to >$10M ARR for LLM training. Launched Similarweb AI Studio and expanded distribution via integrations (Claude, ChatGPT, Perplexity, Manus), supporting new consumption-based monetization and broader AI use cases.
Strong Balance Sheet and Liquidity
Ended quarter with ~$73.9M in cash & equivalents, no debt, and a $75M available credit line. Management expects to generate positive normalized free cash flow on a quarterly basis going forward.
DE:63X Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed