Airgain Q2 revenue beats, driven by enterprise and automotive growth

Airgain

05/08/2026 21:35

Overview
US wireless connectivity firm's Q2 revenue rose 0.7% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 turned positive
Company expects Q3 revenue growth and positive adjusted EBITDA, while facing supply constraints in consumer business

Outlook
Airgain expects Q3 sales between $14.25 mln and $16.25 mln
Company sees Q3 GAAP gross margin between 40.8% and 43.8%
Airgain expects positive adjusted EBITDA in Q3, driven by enterprise IoT and vehicle gateways

Result Drivers
ENTERPRISE AND AUTOMOTIVE GROWTH - Higher IoT modem shipments drove enterprise sales, while increased vehicle gateway shipments supported automotive sales
SALES MIX AND PRODUCT MIX IMPACT - Gross margin declined sequentially due to an unfavorable customer sales mix and lower consumer gross margin rate from product mix
SEVERANCE EXPENSE - Operating expenses rose from the previous quarter due to a severance expense

Company press release: ID:nBw1NfmT6a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$13.70 mln
$13.48 mln (4 Analysts)
Q2 Net Loss
 
$1.71 mln
 
Q2 Gross Profit
 
$5.79 mln
 
Q2 Income From Operations
 
-$1.69 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Airgain Inc is $9.00, about 56.5% above its August 4 closing price of $5.75
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 58 three months ago

Reuters Recommended Reads
Aug 4 - ADTRAN Holdings misses Q2 revenue, adjusted profit estimates
Aug 3 - SBA Communications lifts annual forecast on strong demand for cell tower leasing
Aug 5 - Extreme Networks Q4 revenue beats on increased AI platform demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)