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Peraso Inc. — Third Quarter 2026 Earnings Summary

  • Revenue declined to $0.3 million in Q3 2026 from $1.3 million in Q2 2026 and $3.2 million in Q3 2025 due to reduced mmWave shipments, while gross margin expanded to 78.5% from 63.7% in the prior quarter.
  • The company reported a GAAP net loss of $2.7 million ($0.18 per share) and saw cash reserves fall to $630,000 as of September 30, 2026, down from $2.89 million at year-end 2025.
  • Management expects revenue growth to resume in Q4 2026 following early signs of renewed demand, supported by a new $2 million+ production order received in October for fixed wireless access.
  • Strategic progress includes the launch of a jam-resistant module for defense/UAV applications and a completed private placement with Nant Capital, LLC, generating approximately $10 million in gross proceeds.
  • The board concluded its review of strategic alternatives, though the company faces ongoing risks regarding Nasdaq compliance, capital raising, and potential supply chain or export control disruptions.
Company
PERASO INC
Sector
Technology
Industry
Semiconductors