Peraso Inc. Reports Strong Growth in mmWave Revenue

Peraso, Inc. ( (PRSO) ) has released its Q2 earnings. Here is a breakdown of the information Peraso, Inc. presented to its investors.

Peraso Inc. is a leading company in the wireless technology sector, specializing in high-performance 60 GHz unlicensed and 5G mmWave solutions, providing chipsets, antenna modules, software, and IP for various applications such as fixed wireless access and immersive video.

In its second quarter of 2025 earnings report, Peraso Inc. highlighted significant growth in its mmWave product revenue, which increased by 45% sequentially and over 200% year-over-year. The company also achieved a milestone of surpassing two million cumulative shipments of its mmWave devices.

Key financial metrics revealed a total net revenue of $2.2 million for the quarter, a decrease from the previous quarter and the same quarter last year, primarily due to the completion of end-of-life shipments of memory IC products. Despite this, the company experienced a notable increase in demand for its mmWave products. The GAAP gross margin was reported at 48.3%, reflecting a shift in revenue mix towards mmWave solutions. Operating expenses saw a decrease both sequentially and year-over-year, attributed to reduced stock-based compensation and amortization expenses.

Peraso reported a GAAP net loss of $1.8 million, or $0.31 per share, which is an increase compared to the previous quarter but an improvement from the same quarter last year. The company anticipates sequential growth and record revenue contributions from its mmWave products in the upcoming quarter, with expected net revenue ranging between $2.8 million and $3.1 million.

Looking forward, Peraso remains focused on expanding its customer base for mmWave solutions while managing expenses. The company is optimistic about continued growth, supported by a strong pipeline of customer engagements and an increasing order backlog.