Peraso Q2 net loss widens on lower revenue, higher operating expenses

Peraso

11/08/2026 21:19

Overview
US wireless chipmaker's Q2 revenue rose 36% sequentially, driven by delayed order fulfillment
Q2 non-GAAP net loss narrowed sequentially, but widened year-over-year
Company cites ongoing supply chain constraints and irregular order patterns impacting results

Outlook
Company expects irregular order patterns and supply constraints to extend into the fourth qtr
Peraso sees high interest and expanding engagements with drone manufacturers evaluating its solutions
Company focusing on improving supply chain resilience and expanding distribution partnerships

Result Drivers
DELAYED ORDER FULFILLMENT - Sequential revenue growth driven by shipment of previously delayed order to new fixed wireless access customer, per CEO Ron Glibbery
SUPPLY CHAIN CONSTRAINTS - Irregular order patterns continued as customers faced inflated memory prices and component shortages, according to management
GROSS MARGIN IMPROVEMENT - Year-over-year gross margin increase attributed to higher non-recurring engineering services revenue, favorable mmWave product mix, and sales of previously written-down inventory

Company press release: ID:nACSS3Xqla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.31 mln
$1.25 mln (1 Analyst)
Q2 Adjusted Net Loss
Beat
$2.06 mln
$2.12 mln (1 Analyst)
Q2 Net Loss
 
$2.22 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Peraso Inc is $2.70, about 280.8% above its August 10 closing price of $0.71

Reuters Recommended Reads
Aug 10 - GCT Semiconductor Q2 revenue falls, net loss widens
Aug 11 - Ambiq Micro Q2 sales beat estimates on edge AI demand
Aug 10 - Quantum Corp's Q1 revenue rises on storage solutions demand, flags supply constraints

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.)