Business Wire·Nov 10, 2026, 4:05 PM ET

Airgain® Reports Third Quarter 2026 Financial Results

Airgain reported Q3 2026 sales of $15.3 million, representing a 12% sequential increase & 9% year-over-year growth.
Enterprise revenue reached $10.0 million, driven by higher IoT modem shipments, while consumer & automotive sales declined.
The company introduced Airgain RF Intelligence, an AI-powered platform designed to accelerate antenna design.
Airgain secured two design wins for AI data center infrastructure using NimbeLink modems, with initial revenue expected in 2027.
Lighthouse 5G Intelligent Node trials in Southern California achieved speeds of approximately 140 Mbps in previously unserved areas.
Stephan Memmen was appointed to the Board of Directors to support strategic growth.
GAAP net loss for the quarter was $0.6 million ($0.04 per share), while Non-GAAP net income was $0.5 million ($0.04 per share).
Adjusted EBITDA for Q3 2026 was $0.6 million, up from $0.4 million in Q2 2026.
Q4 2026 sales are forecasted between $15.5 million & $17.5 million, with a Non-GAAP net income per share midpoint of $0.05.
GAAP gross margin was 41.8% due to a shift toward lower-margin enterprise products, while Non-GAAP gross margin was 42.4%.
Management will host a conference call on November 10, 2026, at 5:00 p.m. Eastern Time to discuss results.
Current supply constraints continue to impact certain business portions, though the company remains focused on profitability improvements.