Airgain Q1 revenue falls, sees Q2 sales growth

Airgain

06/05/2026 22:08

Overview

Wireless connectivity provider's Q1 revenue declined 4% yr/yr, slightly beating analyst expectations

Company posted a non-GAAP net loss, with lower consumer sales offset by enterprise and automotive growth

Q2 sales forecast at $12.5 mln-$14.5 mln, expecting sequential improvement

Outlook

Airgain expects Q2 sales between $12.5 mln and $14.5 mln, midpoint $13.5 mln

Company sees Q2 GAAP gross margin between 41.6% and 44.6%

Airgain expects Q2 non-GAAP net income per share of $0.01 at midpoint

Result Drivers

CONSUMER MARKET DECLINE - Co said Q1 revenue drop was primarily due to seasonal decline in consumer market sales

ENTERPRISE AND AUTOMOTIVE GROWTH - Higher embedded modem sales and increased vehicle gateway shipments drove sequential growth in enterprise and automotive segments

UNFAVORABLE PRODUCT MIX - Sequential gross margin decline was mainly due to lower enterprise gross margin from unfavorable product mix

Company press release: ID:nBw84ry4na

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
$11.51 mln
$11.48 mln (4 Analysts)
Q1 Net Income
-$1.90 mln
Q1 Gross Profit
$4.97 mln
Q1 Income From Operations
-$2.11 mln
Q1 Operating Expenses
$7.09 mln
Q1 Pretax Profit
-$1.83 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $6.75, about 5.3% below its May 5 closing price of $7.13

The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 74 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)