Smith Micro Software, Inc. (SMSI) Reports Q2 Loss, Misses Revenue Estimates

SMITH MICRO SOFTWARE, INC. (SMSI) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_979029.htm EXHIBIT 99.1 ex_979029.htm Exhibit 99.1 IR INQUIRIES: Charles Messman Investor Relations 412-837-5300 IR@smithmicro.com Smith Micro Reports Second Quarter 2026 Financial Results PITTSBURGH, PA, August 13, 2026 – Smith Micro Software, Inc. ( Nasdaq: SMSI )

Johnson & Johnson (JNJ) proposed a $5.5B settlement for 76,000 talc-related lawsuits, but it requires 95% claimant approval and may exceed this amount. The company has $21B in cash and expects to pay $3B in 2027, with further payments starting in 2028. A judge's recent ruling may strengthen JNJ's legal position. Investors weigh the benefit of reduced uncertainty against potential higher costs.

Wall Street analysts maintain positive outlooks on CrowdStrike, Dell, and SanDisk, citing long-term growth in cybersecurity, AI infrastructure, and storage. CrowdStrike's price target raised to $245 by Truist, Dell's to $550 by Evercore, and SanDisk's to $2,250 by J.P. Morgan, all with buy ratings.

Pemex and Petrobras are collaborating to explore deep, high-risk oil prospects in the Gulf of Mexico. Pemex, facing declining production and high debt, seeks to unlock potential resources in Jurassic formations. Petrobras, with extensive pre-salt drilling experience, brings technical expertise. Success could reverse Pemex's fortunes, but risks remain high. Pemex reported a 70% net profit drop in Q2 2024, producing 1.66 million bpd, below government targets.

Equinor and ORLEN signed a 3-year crude oil supply agreement for 5-9 million tonnes annually from the Johan Sverdrup field. The deal strengthens their energy partnership and secures supply for ORLEN's refineries in Poland, Lithuania, and the Czech Republic, according to both companies.

Micron (MU) CEO Sanjay Mehrotra sold $37 million in shares in July, before announcing $22 billion in customer deposits and strong demand. Three executives also sold shares. Q3 revenue was $41.46 billion, up 345.72% YoY. Q4 guidance is $50.0 billion in revenue. The CEO's sale lacked clear 10b5-1 plan confirmation.