SIMILARWEB $SMWB Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $77.2M (Est. $75.5M) 🟢; +9% YoY 🔹 Adj. EPS: $0.06 (Est. $0.03) 🟢; +500% YoY 🔹 GAAP Operating Profit: $0.7M 🔹 Non-GAAP Operating Profit: $6.5M; +171% YoY Raises FY26 Guide: 🔹 Revenue: $314M-$318M (Est. $310M) 🟢 🔹 Non-GAAP Operating Profit: $24M-$26M Q3 Guide: 🔹 Revenue: $80.5M-$82.5M (Est. $78.8M) 🟢 🔹 Non-GAAP Operating Profit: $7.5M-$9.5M Other Q2 Metrics: 🔹 Overall NRR: 100%; flat YoY 🔹 RPO: $345.3M; +26% YoY 🔹 Non-GAAP Operating Margin: 8%; +500 bps YoY 🔹 Free Cash Flow: $8.7M; +222% YoY Comments: 🔸 “Commercial demand for our AI-related data and solutions is strong, and an expanding pipeline of opportunities gives us confidence to raise our guidance for the second time this year.” 🔸 “We generated $8.7 million in normalized free cash flow, our eleventh consecutive quarter of positive normalized free cash flow, while delivering an 8% non-GAAP operating margin and our first ever quarter of GAAP operating profit.”

Silver miners appear to be moving ahead of silver itself. Yes, be on your toes for some normal volatility near resistance, but a breakout here could simply be a matter of time, in my view. Game on.