Peraso reported second quarter 2026 revenue of $1.3 million, reflecting a 36% sequential increase driven by the fulfillment of a previously delayed order to a new fixed wireless access customer. Despite sequential growth, total revenue declined from $2.2 million in the prior-year period as the company navigates irregular order patterns and component supply constraints.
Key Highlights
- Product revenue reached $1.2 million, up from $0.7 million in the prior quarter, supported by higher mmWave product shipments.
- Gross margin expanded to 63.7% from 48.3% a year ago, primarily due to non-recurring engineering services and the sale of previously written-down inventory.
- GAAP net loss narrowed to $2.2 million, or ($0.16) per share, compared to a loss of $2.5 million in the first quarter of 2026.