Guerrilla RF — Q3 2026 Earnings Summary

Guerrilla RF reported record third-quarter 2026 revenue of $10.1 million, representing a 61% year-over-year increase driven primarily by a 259% surge in the Aerospace and Defense sector. The company achieved a gross margin of 71.7% and an operating income of $2.4 million, while Adjusted EBITDA rose to $2.9 million. Despite a net loss of $3.7 million attributable to a $6.0 million non-cash charge for warrant liabilities, the firm ended the quarter with a record product backlog of $16.2 million and $6.3 million in cash.