Similarweb Q4 Sales Miss by $3.68M; Citizens Cuts FY26 EPS to $0.18
Similarweb reported Q4 sales of $72.76 million, missing estimates of $76.44 million, and issued FY26 revenue guidance of $305–315 million below the $324.57 million consensus. Citizens downgraded the stock to Market Perform, cutting FY26 EPS to $0.18 from $0.22 and FY27 EPS to $0.24 from $0.44.
1. Q4 Results and Metrics
Similarweb delivered Q4 EPS of $0.03 in line with consensus but recorded revenue of $72.758 million versus a $76.442 million estimate. Customer count rose 11% year-over-year to 6,128, customers with ARR over $100,000 grew 12% to 454, and remaining performance obligations climbed 17% to $288.8 million.
2. FY26 Outlook and Guidance
The company projected full-year 2026 sales of $305 million to $315 million, below the $324.569 million analyst consensus, and expects Q1 revenue of $72 million to $74 million versus a $77.812 million forecast. This weaker outlook reflects ongoing sales execution challenges.
3. Analyst Downgrades and Forecast Revisions
Citizens downgraded Similarweb from Outperform to Market Perform, cutting its FY26 adjusted EPS estimate to $0.18 from $0.22 and FY27 to $0.24 from $0.44, while introducing a FY28 EPS of $0.38 versus a $0.70 consensus. Needham lowered its rating to Hold, citing longer sales cycles driven by the Gen AI transition and uncertain H2 revenue acceleration.
4. Stock Performance and Technical Indicators
After a 71.8% decline over the past year, shares rebounded 10.12% to $2.83 but remain 64% below their 200-day moving average. The RSI stands at 13.50 in oversold territory, while the MACD at –0.8621 below its signal line underscores persistent bearish momentum.