🔴 Smith Micro Software is trading 5.5% down today amid a broad software-sector selloff

Smith Micro Software is trading 5.5% down at $2.40 in pre-market, pressured by a broad software-sector slump following IBM’s weak AI-related spending outlook.

• The decline offsets a recent rebound fueled by Q1 2026 results, which highlighted significant margin improvements.
• Despite the current selloff, the company maintains a stronger Q2 revenue outlook and positive fundamental progress.
• The downward move reflects wider pressure on SaaS and application software names rather than company-specific issues.