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Smith Micro Software (SMSI)
NASDAQ:SMSI
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.28Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but cautiously optimistic picture: revenue trends remain negative with meaningful YoY declines and a low cash balance that requires continued financing, which are material concerns. Offsetting this are clear operational improvements — substantial cost reductions, improved gross margins, reductions in non-GAAP losses, committed funding from founders, a refined product strategy (SafePath OS) that expands the addressable market, expected new carrier wins mid-2026, and an orderly leadership succession. Given the balance of meaningful financial risks against tangible progress on margins, cost structure, funding and go-to-market strategy, the tone is constructive but still dependent on execution and the realization of expected customer wins and funding plans.Company Guidance
Strategic Product Shift to SafePath OS and Enlarged TAM
Refocused product strategy on phones with SafePath OS for kids and seniors; senior-focused solution more than doubles the total addressable market and is cited as a key differentiator versus over-the-top apps.
Near-Term Customer Wins and Strong Pipeline
Company expects to bring two new carrier customers to market by midyear 2026 (both driven by SafePath OS) and reports a growing sales pipeline with active engagement at Mobile World Congress and other carrier discussions (AT&T, Boost, T-Mobile, Orange highlighted).
Material Cost Reductions and Operating Expense Improvements
Announced cost savings of approximately $1.8 million per quarter versus Q2 2025 (roughly $7.2 million annualized), with GAAP operating expenses for full year 2025 down $21.9M or 34% versus 2024 and non-GAAP operating expenses for fiscal 2025 down $5.8M or 20% versus 2024. Q4 non-GAAP operating expense decreased to $4.7M from $5.8M YoY (-19%) and sequentially down ~17% from Q3 2025.
Improved Gross Margins and Clear Margin Targets
Q4 gross margin improved to 76.4% from 75.6% in the prior-year quarter. Fiscal 2025 gross margin was 74.1% versus 70.2% in 2024. Management expects Q1 2026 gross margin of 76%-78%, 78%-80% after realizing a full quarter of cost benefits, and a long-term target of 85%.
Reduced Net Losses and Non-GAAP Improvements
GAAP net loss for the year ended Dec 31, 2025 improved to $30.0M (loss per share $1.46) from $48.7M ($3.94) in 2024. Non-GAAP net loss for fiscal 2025 improved to $10.9M (loss per share $0.53) from $13.7M ($1.11) in 2024.
Committed Funding and Financing Activity
Company received approximately $2.7M in Q4 from a registered direct offering and private placement and has signed a convertible note agreement with Bill and Dieva Smith and other investors (~$4M from the Smiths plus roll of prior notes). Bill and his wife committed an additional $4M to fund the company’s return to profitability; new convertible note matures March 2029.
Planned Leadership Succession and Finance Leadership
Planned CEO transition: Bill Smith to move to Executive Chairman after 44 years; Tim Huffmyer to become President and CEO March 31, 2026. Bethany Braund named CFO, bringing SEC reporting and audit experience—supports continuity and governance in the turnaround.
One-Time Asset Sale Completed
ViewSpot product sold for $1.3M (June 3), providing a discrete cash inflow and simplifying product portfolio (no future revenue from ViewSpot).
SMSI 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
SMSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $0.54 | ― | ― |
Nov 05, 2025 | $0.66 | $0.58 | -12.65% |
Aug 06, 2025 | $0.77 | $0.67 | -12.63% |
May 07, 2025 | $1.04 | $0.96 | -8.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Smith Micro Software (SMSI) report earnings?
Smith Micro Software (SMSI) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Smith Micro Software (SMSI) earnings time?
Smith Micro Software (SMSI) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMSI EPS forecast?
SMSI EPS forecast for the fiscal quarter 2026 (Q1) is -0.15.