Peraso Q4 revenue falls on low shipments for memory products

Peraso

16/03/2026 20:26

Corrects adjusted net income in Key Details table to -$1.2 million from $1.2 milllion

Overview

U.S. mmWave wireless tech firm's Q4 revenue fell year-over-year

Quarterly net loss narrowed from prior year as operating expenses declined

Full-year mmWave product revenue grew six-fold over 2024, offsetting lower memory IC shipments

Outlook

Company says it is encouraged by growing market awareness of 60 GHz wireless technology

Peraso plans to broaden its customer base and pipeline of design wins in 2026

Result Drivers

MMWAVE PRODUCT GROWTH - Co said full-year mmWave product revenue grew six-fold over 2024, supported by increased shipments

LOWER MEMORY IC SHIPMENTS - Co attributed Q4 year-over-year revenue decline primarily to lower shipments of memory IC products

OPERATING EXPENSE REDUCTION - Co said lower operating expenses in Q4 were mainly due to reduced stock-based compensation and end of intangible asset amortization

Company press release: ID:nACS3vDkya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$2.9 mln
$2.96 mln (2 Analysts)
Q4 Adjusted Net Income
Beat
-$1.20 mln
-$1.48 mln (2 Analysts)
Q4 Net Income
-$1.20 mln
Q4 Adjusted EBITDA
Beat
-$1.10 mln
-$1.40 mln (2 Analysts)
Q4 Gross Margin
52.20%


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 semiconductors peer group is "buy"

Wall Street's median 12-month price target for Peraso Inc is $2.73, about 82.9% above its March 13 closing price of $1.49

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.)