Peraso Announces Second Quarter 2026 Results
https://www.accessnewswire.com/newsroom/en/co...ts-1206239
SAN JOSE, CA / ACCESS Newswire / August 11, 2026 / Peraso Inc. (NASDAQ
RSO) ("Peraso" or the "Company"
, a leader in high-performance 60 GHz wireless technology, today announced financial results for the second quarter ended June 30, 2026.
Management Commentary
"Second quarter revenue increased approximately 36% sequentially and was above our previous expectations, primarily reflecting the fulfillment of a previously delayed order shipment to a new fixed wireless access customer," commented Ron Glibbery, CEO of Peraso. "Our overall business continues to be impacted by irregular order patterns, as fixed wireless access customers navigate inflated memory prices and constrained supply of other key components. We expect these market dynamics to extend into the fourth quarter.
"Despite these ongoing dynamics, we remain optimistic about the growing recognition and demonstrated value proposition of our 60 GHz mmWave technology across our target end markets. In defense and tactical communications, its inherently stealthy, anti-jamming characteristics deliver unique differentiation for applications requiring secure, high-bandwidth connectivity. Today, we are seeing a high level of interest and expanding engagements with drone manufacturers that are actively evaluating our solutions.
"We continue to focus our efforts on the areas of the business that we can control. This includes ongoing steps to improve the future resilience of our supply chain, as well as secure additional distribution partners to expand the market reach of Peraso's 60GHz mmWave solutions. Coupled with these operational initiatives, our highest priority remains on driving commercial traction and securing new design wins and customers in support of future top-line growth."
Second Quarter 2026 Financial Results
Total net revenue for the second quarter of 2026 was $1.3 million, compared with $1.0 million in the prior quarter and $2.2 million in the same quarter a year ago. Product revenue for the second quarter of 2026 was $1.2 million, compared with $0.7 million in the prior quarter and $2.2 million in the same quarter a year ago. The sequential increase in product revenue for the second quarter of 2026 was attributable to higher shipments of mmWave products.
Gross margin for the second quarter of 2026 was 63.7%, compared with 61.5% in the prior quarter and 48.3% in the same quarter a year ago. The year-over-year increase in gross margin was primarily attributable to an increase in non-recurring engineering services revenue and mmWave product mix, combined with an increase in sales of inventory written down in prior periods, as partially offset by a decrease in sales of memory and related products.
Total operating expenses on a GAAP basis for the second quarter of 2026 were $3.1 million, consistent with the prior quarter and compared with $2.9 million in the same quarter a year ago. Operating expenses on a non-GAAP basis for the second quarter of 2026, which excluded stock-based compensation, were $2.9 million, consistent with the prior quarter and compared with $2.7 million in the same quarter a year ago.
GAAP net loss for the second quarter of 2026 was $2.2 million, or ($0.16) per share, compared with a net loss of $2.5 million, or ($0.22) per share, in the prior quarter, and a net loss of $1.8 million, or ($0.31) per share, in the second quarter of 2025. Non-GAAP net loss, which excludes stock-based compensation and changes in fair value of warrant liabilities, for the second quarter of 2026 was $2.1 million, or ($0.15) per share, compared with a net loss of $2.3 million, or ($0.20) per share, in the prior quarter and a net loss of $1.7 million, or ($0.28) per share, in the second quarter of 2025.
Adjusted EBITDA for the second quarter of 2026 was negative $2.0 million, compared with negative $2.3 million in the prior quarter and negative $1.6 million in the same quarter last year.
A reconciliation of GAAP to non-GAAP results and GAAP net loss to Adjusted EBITDA is provided in the financial statement tables following the text of this press release.
Earnings Conference Call and Webcast Information
Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call and webcast with slides today, August 11th, at 1:30 p.m. Pacific Time.
Date: Tuesday, August 11, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-888-506-0062
International Call Number: +1-973-528-0011
Participant Access Code: 513888
Webcast and Slides: Click Here
For those unable to listen to the live Web broadcast, it will be archived on the Company's website, and can be accessed by visiting the Company's investor page at https://investors.perasoinc.com/events-presentations. A replay of the conference call will also be available through August 18, 2026 and can be accessed by calling 1-877-481-4010, and using passcode 54274. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available in the Investor Relations section of the Company's website following the conclusion of the conference call.
https://www.accessnewswire.com/newsroom/en/co...ts-1206239
SAN JOSE, CA / ACCESS Newswire / August 11, 2026 / Peraso Inc. (NASDAQ
RSO) ("Peraso" or the "Company" , a leader in high-performance 60 GHz wireless technology, today announced financial results for the second quarter ended June 30, 2026. Management Commentary
"Second quarter revenue increased approximately 36% sequentially and was above our previous expectations, primarily reflecting the fulfillment of a previously delayed order shipment to a new fixed wireless access customer," commented Ron Glibbery, CEO of Peraso. "Our overall business continues to be impacted by irregular order patterns, as fixed wireless access customers navigate inflated memory prices and constrained supply of other key components. We expect these market dynamics to extend into the fourth quarter.
"Despite these ongoing dynamics, we remain optimistic about the growing recognition and demonstrated value proposition of our 60 GHz mmWave technology across our target end markets. In defense and tactical communications, its inherently stealthy, anti-jamming characteristics deliver unique differentiation for applications requiring secure, high-bandwidth connectivity. Today, we are seeing a high level of interest and expanding engagements with drone manufacturers that are actively evaluating our solutions.
"We continue to focus our efforts on the areas of the business that we can control. This includes ongoing steps to improve the future resilience of our supply chain, as well as secure additional distribution partners to expand the market reach of Peraso's 60GHz mmWave solutions. Coupled with these operational initiatives, our highest priority remains on driving commercial traction and securing new design wins and customers in support of future top-line growth."
Second Quarter 2026 Financial Results
Total net revenue for the second quarter of 2026 was $1.3 million, compared with $1.0 million in the prior quarter and $2.2 million in the same quarter a year ago. Product revenue for the second quarter of 2026 was $1.2 million, compared with $0.7 million in the prior quarter and $2.2 million in the same quarter a year ago. The sequential increase in product revenue for the second quarter of 2026 was attributable to higher shipments of mmWave products.
Gross margin for the second quarter of 2026 was 63.7%, compared with 61.5% in the prior quarter and 48.3% in the same quarter a year ago. The year-over-year increase in gross margin was primarily attributable to an increase in non-recurring engineering services revenue and mmWave product mix, combined with an increase in sales of inventory written down in prior periods, as partially offset by a decrease in sales of memory and related products.
Total operating expenses on a GAAP basis for the second quarter of 2026 were $3.1 million, consistent with the prior quarter and compared with $2.9 million in the same quarter a year ago. Operating expenses on a non-GAAP basis for the second quarter of 2026, which excluded stock-based compensation, were $2.9 million, consistent with the prior quarter and compared with $2.7 million in the same quarter a year ago.
GAAP net loss for the second quarter of 2026 was $2.2 million, or ($0.16) per share, compared with a net loss of $2.5 million, or ($0.22) per share, in the prior quarter, and a net loss of $1.8 million, or ($0.31) per share, in the second quarter of 2025. Non-GAAP net loss, which excludes stock-based compensation and changes in fair value of warrant liabilities, for the second quarter of 2026 was $2.1 million, or ($0.15) per share, compared with a net loss of $2.3 million, or ($0.20) per share, in the prior quarter and a net loss of $1.7 million, or ($0.28) per share, in the second quarter of 2025.
Adjusted EBITDA for the second quarter of 2026 was negative $2.0 million, compared with negative $2.3 million in the prior quarter and negative $1.6 million in the same quarter last year.
A reconciliation of GAAP to non-GAAP results and GAAP net loss to Adjusted EBITDA is provided in the financial statement tables following the text of this press release.
Earnings Conference Call and Webcast Information
Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call and webcast with slides today, August 11th, at 1:30 p.m. Pacific Time.
Date: Tuesday, August 11, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-888-506-0062
International Call Number: +1-973-528-0011
Participant Access Code: 513888
Webcast and Slides: Click Here
For those unable to listen to the live Web broadcast, it will be archived on the Company's website, and can be accessed by visiting the Company's investor page at https://investors.perasoinc.com/events-presentations. A replay of the conference call will also be available through August 18, 2026 and can be accessed by calling 1-877-481-4010, and using passcode 54274. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available in the Investor Relations section of the Company's website following the conclusion of the conference call.
