Earnings Releases·Nov 10, 2026, 4:06 PM ET

Airgain — Third Quarter 2026 Earnings Summary

Q3 2026 sales reached $15.3 million, a 12% sequential and 9% year-over-year increase, driven by a $3.3 million rise in enterprise sales, while GAAP net loss narrowed to $0.6 million ($0.04/share) and Non-GAAP net income rose to $0.5 million ($0.04/share).
Gross margins contracted sequentially and year-over-year to 41.8% (GAAP) and 42.4% (Non-GAAP) due to a product mix shift toward lower-margin enterprise IoT and reduced consumer sales, though operating expenses decreased to $6.9 million (GAAP).
Q4 2026 guidance projects sales between $15.5 million and $17.5 million with a midpoint of $16.5 million, expecting Non-GAAP net income of $0.05 per share and Adjusted EBITDA of $0.8 million.
Strategic momentum includes securing two AI data center design wins for NimbeLink® modems and launching Airgain RF Intelligence, though near-term growth faces headwinds from memory semiconductor supply constraints and intense competition.