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Peraso, Inc. (PRSO)
NASDAQ:PRSO
Earnings Data
Report Date
May 18, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed meaningful progress in strategic areas—especially a large increase in millimeter wave revenue, several high-profile customer wins (including defense and robotaxi collaborations), improved gross margin (GAAP) and materially lower operating expenses—resulting in a significantly reduced annual GAAP net loss. Offsetting these positives were continuing total revenue declines year-over-year, a near-term supplier-caused shipment delay >$500k that weakens Q1 guidance (Q1 revenue ~ $1.2M), reduced non-GAAP gross margins due to product mix shift, negative adjusted EBITDA, and lower demand visibility from irregular customer order patterns. Overall, the company appears to be transitioning toward new higher-growth products with improved cost discipline, but near-term revenue and visibility risks temper the outlook.Company Guidance
Strong Millimeter Wave Revenue Growth
Full-year 2025 millimeter wave product sales increased to $9.1M from $1.3M in 2024 (approximately a 7x increase, ~+600% YoY). Q4 2025 millimeter wave revenues were $2.4M (versus $0.2M in Q4 2024). Management described millimeter wave revenue as having grown approximately six-fold year-over-year.
Meaningful Reduction in Operating Expenses
Full-year GAAP operating expenses declined to $11.8M in 2025 from $20.0M in 2024 (≈-41%). Full-year non-GAAP operating expenses decreased to $11.3M from $14.9M in 2024 (≈-24%). Drivers included reduced stock-based compensation, fully amortized intangibles, and lower severance/software license obligations.
Improved GAAP Profitability Metrics
Full-year GAAP gross margin improved to 58.0% in 2025 from 51.7% in 2024 (+6.3 percentage points). Full-year GAAP net loss improved to $4.8M (loss $0.67/share) from $10.7M in 2024 (loss $3.57/share), a substantial reduction in annual GAAP net loss.
Strategic Customer Wins and Product Launches
Notable design wins and collaborations during 2025 included Tachyon Networks (selected modules), renewed collaboration with Wheeling for multi-gigabit mesh, MicroSeq integrating Peraso tech in a product launched at Mobile World Congress, and naming Intact as a lead defense contractor for a drone friend-or-foe system. Management highlighted successful field trials and initial production shipments for defense.
New Market Expansion (Tactical Communications & Robotaxi Edge AI)
Peraso transitioned a defense engagement into a new tactical communications vertical with initial production shipments and successful field trials; management also announced collaborations with robotaxi/edge-AI partners (BX60/VX60 platforms) targeting high-throughput depot offload use cases (up to 1 TB/vehicle/hour), representing potential large-scale adjacent market opportunities.
Improved Liquidity in Q4
Cash increased to approximately $2.9M as of 12/31/2025 from $1.9M on 9/30/2025 (net +$1.0M), reflecting ~$2.1M in net proceeds from the at-the-market offering during Q4.
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
PRSO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $1.87 | $1.20 | -35.83% |
Nov 10, 2025 | $1.04 | $1.01 | -2.88% |
Aug 11, 2025 | $0.84 | $0.83 | -1.19% |
May 12, 2025 | $1.08 | $0.96 | -11.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Peraso, Inc. (PRSO) report earnings?
Peraso, Inc. (PRSO) is schdueled to report earning on May 18, 2026, After Close (Confirmed).
What is Peraso, Inc. (PRSO) earnings time?
Peraso, Inc. (PRSO) earnings time is at May 18, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRSO EPS forecast?
PRSO EPS forecast for the fiscal quarter 2026 (Q1) is -0.17.