Smith Micro Software is trading 7.41% down in pre-market at $2.68 after second-quarter 2026 revenue and earnings missed consensus estimates.
- Revenue was $4.34 million versus $4.85 million expected; GAAP loss per share was $0.52 versus $0.50 forecast.
- Management highlighted 81.3% gross margins, sequential growth, and $5.0 million-$5.4 million Q3 revenue guidance.
- Investors appear focused on the quarterly shortfall and continued losses.