SmartRent Surpasses Expectations in Q2 2026 with Record-Breaking Growth
SmartRent, a leading provider of smart home technologies, has delivered strong progress in the second quarter of 2026, exceeding expectations and solidifying its position as a market leader. In a conference call held on August 5, 2026, the company's President and Chief Executive Officer, Frank Martell, highlighted several key highlights from the quarter.
According to Martell, SmartRent accelerated revenue and bookings growth in Q2 2026, driven by its best-in-class IoT, access control, and self-guided tour solutions. The company's core revenues grew 14%, marking its highest quarterly growth rate in over two years, building on progress from the fourth quarter of 2025 when core revenues grew 12%. SaaS revenues also increased 13% and now represent more than 40% of total revenue.
SmartRent's installed IoT footprint expanded by 10% to nearly 930,000 units in Q2 2026, with a significant acceleration in units booked over the last 12 months. The company reported a 40% increase in units booked from the second quarter of last year, exceeding 112,000 units this quarter. Given this momentum, SmartRent is confident that it will exceed 1 million units installed during the first half of next year.
The scaling of its installed base beyond 1 million units is expected to create a new inflection point for SmartRent's business from both a growth and profitability standpoint. This achievement underscores the company's ability to execute on its Vision 2028 strategic plan, which aims to accelerate growth through market expansion and increase profitability levels through a leverageable operating model.
SmartRent is also investing in its data and analytics solutions, leveraging its network of millions of connected devices through investments such as the planned launch of the SmartRent Innovation Center and recently announced strategic collaborations with Hexaware and Databricks. These initiatives are expected to further enhance the company's competitive moat and drive sustainable profit and free cash flow.
SmartRent's Q2 2026 results demonstrate its commitment to delivering value creation opportunities for customers, investors, and partners alike. As the smart home market continues to grow, SmartRent is well-positioned to capitalize on this trend and solidify its position as a leader in the industry.
