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EarningsQ2 2026 Earnings Report
PRSO Q2 2026 EPS Results
Actual EPS-$0.15
Consensus EPS-$0.18
Beat/MissBeat by +$0.03
One Year Ago EPS-$0.28
PRSO Q2 2026 Revenue Results
Actual Revenue$1.31M
Expected Revenue$1.25M
Beat/MissBeat by +$57.00K
YoY Revenue Growth-41.13%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeAfter Close
Conference CallTuesday, August 11, 2026
PRSO Upcoming Earnings
Peraso's next earnings date is estimated for November 16, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
PRSO Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: near‑term financials show sequential improvement (revenue up ~36% q/q, higher gross margins, reduced sequential loss) and meaningful strategic progress (new PRM2145 module, >50 Gbps demo, defense revenue and partnerships, manufacturing scalability, and a $25M committed equity facility). However, these positives are tempered by a significant year‑over‑year revenue decline (~‑40.9% YoY), ongoing net losses and negative adjusted EBITDA, irregular order patterns from fixed wireless customers, and supply constraints (memory shortages) that limit near‑term visibility and warranted the decision to not provide guidance. Overall the company has encouraging strategic momentum and improved sequential execution, but material financial and demand uncertainties remain.Company Guidance
Sequential Revenue Growth
Total net revenue of $1.3M in Q2 2026 increased approximately 36% sequentially from $1.0M (driven by fulfillment of a previously delayed order). Product revenue rose to $1.2M from $0.7M in the prior quarter (≈+71%).
Gross Margin Expansion
Gross margin improved to 63.7% in Q2 2026 versus 61.5% in Q1 2026 (seq +2.2 percentage points) and 48.3% in Q2 2025 (yoy +15.4 percentage points), driven by mmWave product mix and increased sales of inventory written down in prior periods (partially offset by lower NRE revenue).
New Product Launch (PRM2145)
Introduced the PRM2145 jam‑resistant communications module for unmanned aerial vehicles, autonomous systems and defense applications; expected to be available for customer evaluation in Q4, supporting diversification beyond core fixed wireless access.
High‑Performance Demonstration
Completed a June customer demonstration with partner Virewirx showing a simulated drone environment achieving a peak aggregate data rate of more than 50 Gbps, highlighting multi‑gigabit, low‑latency, low‑probability‑of‑intercept capabilities and GPS‑independent synchronization.
Defense & UAV Traction
Ongoing engagements in defense (including partnership with InTACT). Delivered initial limited production modules earlier in the year; management cited 'substantial' seven‑figure revenue from defense/engineering work and expects continued volume growth from these customers.
Controlled Operating Cost Base
GAAP operating expenses of $3.1M were consistent with the prior quarter; non‑GAAP operating expenses (ex stock‑based comp) were $2.9M (consistent q/q), reflecting realized cost reductions and ongoing cost containment initiatives.
Improved Cash Balance and Financing Access
Cash increased to approximately $3.3M as of June 30, 2026 versus $2.7M at March 31, 2026 (net +$0.6M), reflecting about $2.4M of ATM proceeds in Q2. The company also entered a committed equity facility with ROTH allowing issuance up to $25M of common stock (facility in place but undrawn).
Manufacturing Capacity and Scalability
Reported manufacturing capacity of roughly 30,000–50,000 units per month today with the ability to scale toward ~100,000 units per month; primary silicon sourcing via TSMC noted as scalable.
PRSO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed