Peraso, Inc. (PRSO)
NASDAQ:PRSO
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Earnings Data
Report Date
Aug 17, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.28Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call presented mixed dynamics: meaningful strategic and product-level progress (MikroTik design-win, INTAC defense engagement, initial IFF shipments, and expanding edge AI/tactical pipeline) and disciplined cost control, but these positives are outweighed by significant near-term commercial and financial headwinds—sharp revenue decline (≈ -65.5% QoQ, ≈ -74.4% YoY), widening GAAP and non-GAAP losses, negative adjusted EBITDA, low cash balance, and continued market/memory supply pressure that reduce visibility. Management highlights long-term opportunities (defense and edge AI) but material execution and timing risk remain for revenue recovery.Company Guidance
Strategic Customer Wins and Partnerships
Secured a notable design-win with MikroTik (nRay 60 GHz product launched at MWC) and announced INTAC as a defense contractor customer; these wins increase addressable markets in fixed wireless access and tactical communications.
Initial Production Shipments for Defense IFF System
Delivered initial limited production shipments in mid-April for INTAC’s next-generation drone identification friend-or-foe (IFF) system, with additional field trials planned in August and potential volume ramp expectations in late Q3/Q4 and production in 2027.
Growing Momentum in Tactical Communications and Edge AI
Management highlighted expanding traction in tactical communications (stealth/non-jammable attributes) and multiple active evaluations in edge AI, autonomous vehicle and drone applications (including collaboration with Fireworks VX60), representing meaningful diversification beyond core FWA.
Higher Gross Margin Driven by NRE Mix
Reported gross margin of 61.5% for Q1 2026, up from 52.2% in the prior quarter (+9.3 percentage points), primarily due to a higher mix of non‑recurring engineering (NRE) revenue.
Ongoing Cost Controls and Stable Non-GAAP OpEx
Non-GAAP operating expenses were approximately $2.9M for the quarter (roughly in line with recent levels and near the company's ~ $3M per quarter target), reflecting benefits from earlier cost reductions and containment initiatives.
Supply-Chain Issue Resolved and Supplier Diversification Steps
A material availability delay that impacted a sizable Q1 order has been resolved; management reported taking steps to reduce reliance on any single Asia-based supplier and expects the issue to be a one-off moving forward.
Q2 Revenue Guidance and Continued Customer Engagement
Company provided Q2 2026 revenue guidance of approximately $1.2M and emphasized active customer engagement and multiple proof-of-concept evaluations that could convert to future production orders.
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 |
|---|---|---|---|
May 11, 2026 | $1.38 | $1.03 | -25.00% |
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% |
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 Aug 17, 2026, After Close (Confirmed).
What is Peraso, Inc. (PRSO) earnings time?
Peraso, Inc. (PRSO) earnings time is at Aug 17, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is PRSO EPS forecast?
PRSO EPS forecast for the fiscal quarter 2026 (Q2) is -0.13.