Smith Micro Reports Q3 2026 Revenue Growth and Record Gross Margins
Smith Micro (SMSI) reported strong third-quarter 2026 financial results, highlighted by $5.0 million in revenue, a 16% increase from the previous quarter and a 15% increase year-over-year. The company achieved a five-year high gross margin of 81.6%, driven by strategic cost reductions and sequential revenue growth within its SafePath ecosystem. Net losses improved significantly to $281,000 (non-GAAP), compared to a $2.6 million loss in the second quarter. Growth was bolstered by an 18% increase in Family Safety revenue and an expanded multiyear agreement with a Tier 1 customer. Management provided optimistic Q4 guidance, projecting revenue between $5.4 million and $5.6 million, representing expected double-digit sequential growth.
Tickers: $SMSI
Topics: financial guidance gross margin net loss improvement revenue growth