Peraso Reports Q2 2026 Earnings with Sequential Revenue Growth
Peraso (PRSO) reported second-quarter revenue of $1.3 million, a 36% sequential increase driven by the fulfillment of a previously delayed order from a new fixed wireless access customer. Product revenue rose to $1.2 million due to higher shipments of mmWave products. Gross margin improved to 63.7%, up from both the prior quarter and year-ago period. Despite these gains, Peraso posted a GAAP net loss of $2.2 million or $0.16 per share, which narrowed slightly compared to the previous quarter's $2.5 million loss. The company also announced a committed equity facility worth $25 million with ROTH Principal Investments to support product development in drone and defense markets. Management noted ongoing challenges from macroeconomic headwinds such as high memory prices and supply constraints, which are affecting order patterns among fixed wireless access customers.
Tickers: $PRSO
Topics: cash_position financials gross_margin operating_expenses revenue_growth