Airgain Reports Q3 2026 Revenue Growth Driven by Enterprise IoT Expansion
Airgain (AIRG) reported third-quarter 2026 revenue of $15.3 million, marking an 11.7% sequential increase and a 9.3% year-over-year growth. The performance was primarily driven by a nearly 50% sequential surge in Enterprise Revenue to $10.0 million, fueled by increased shipments of IoT modems and custom products. However, the consumer segment saw a decline due to memory shortages impacting OEM production schedules. Despite a slight compression in non-GAAP gross margins to 42.4%, the company achieved an adjusted EBITDA of $600,000, up 50% sequentially. Management provided optimistic Q4 guidance with revenue expected between $15.5 million and $17.5 million. Looking ahead, Airgain is focusing on AI data center infrastructure design wins and expects a consumer market recovery in mid-2027 driven by the WiFi 7 transition.
Topics: Consumer Revenue Decline EBITDA Enterprise Revenue EPS Gross Margin Guidance Revenue Growth