Antenna maker Airgain's Q3 sales slightly miss expectations

Airgain

12/11/2025 21:26

Overview

Airgain Q3 sales slightly miss analyst expectations at $14.0 mln

Adjusted EPS for Q3 at $0.01, indicating operational improvements

Company achieved key certifications for AC-Fleet and Lighthouse, supporting future growth

Outlook

Airgain expects Q4 2025 sales between $12 mln and $14 mln

Company anticipates Q4 2025 GAAP gross margin between 41.3% and 44.3%

Airgain projects Q4 2025 adjusted EBITDA of $0.1 mln at midpoint

Result Drivers

CONSUMER SALES - Increase in WiFi 7 antenna shipments drove $1.0 mln rise in consumer sales

CERTIFICATIONS ACHIEVED - Key certifications for AC-Fleet and Lighthouse platforms position co for future scalability

GROSS MARGIN IMPROVEMENT - Improved enterprise product margins boosted gross margin to 43.6%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Miss*
$14.02 mln
$14.10 mln (3 Analysts)
Q3 Adjusted EPS
$0.01
Q3 Net Income
-$964,000
Q3 Gross Profit
$6.11 mln
Q3 Income From Operations
-$967,000
Q3 Operating Expenses
$7.08 mln
Q3 Pretax Profit
-$954,000


*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 3 "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 $7.50, about 46.9% above its November 11 closing price of $3.99

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 59 three months ago

Press Release: ID:nBw9NmrT8a

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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.)