Smith Micro — Third Quarter 2026 Earnings Summary

Smith Micro Software reported third-quarter 2026 revenue of $5.0 million, representing a 16% sequential increase and an 81.6% gross margin, which is a five-year high. For the nine months ended September 30, 2026, the company generated $13.6 million in revenue with a GAAP net loss of $8.3 million, a significant improvement from the $25.4 million loss recorded in the same period of 2025. Non-GAAP net loss for the quarter narrowed to $0.3 million, or $0.05 per share, compared to a $2.6 million loss in the prior year quarter. The company's cash and cash equivalents totaled $2.4 million as of September 30, 2026, following a period of sequential revenue growth and expanded customer contracts.