The earnings call presented a mixed picture with strong growth in mmWave product revenue and strategic advancements in defense applications. However, these positives were offset by a decline in total net revenue, decreased gross margin, and financial constraints requiring exploration of strategic alternatives.

Company Guidance -

Q3 2025

During Peraso Inc.'s second quarter 2025 conference call, the company highlighted significant growth and strategic advancements. Revenue from their millimeter-wave (mmWave) products surged by 45% sequentially and over 200% year-over-year, contributing to an overall revenue of $2.2 million for the quarter. The company achieved a milestone of surpassing 2 million cumulative shipments of mmWave devices. Although total net revenue decreased compared to previous quarters, Peraso maintained a non-GAAP gross margin of 48.3%. Operating expenses were reduced to $2.9 million, down significantly from $6.8 million in the same quarter of the previous year. The company reported a non-GAAP net loss of $1.7 million, with an adjusted EBITDA of negative $1.6 million. Looking forward, Peraso anticipates continued sequential growth and a record revenue contribution from mmWave products in Q3 2025, with projected net revenue between $2.8 million and $3.1 million. The company is also exploring strategic alternatives to enhance shareholder value while focusing on expanding its market position in tactical communications and fixed wireless access.

mmWave Product Revenue Growth

Revenue from mmWave products increased 45% sequentially and more than 200% year-over-year, indicating strong demand and market momentum.

Milestone Achievement in mmWave Shipments

Peraso surpassed 2 million cumulative shipments of its mmWave devices, highlighting its market leadership in 60GHz solutions.

Strategic Partnership with Tachyon Networks

Peraso's mmWave modules were chosen by Tachyon Networks for its outdoor 60GHz fixed wireless solution, showcasing the capability to deliver fiber-class speeds at competitive prices.

Advancements in Tactical Defense Applications

Peraso successfully delivered initial production shipments of its advanced 60GHz wireless solutions for a tactical defense application, validating its technology for mission-critical communications.

Customer Base and SKU Growth

The number of customers in production doubled from 7 to 14 over 18 months, and the number of SKUs in production increased by 90%.

Peraso (PRSO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PRSO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 17, 2025	2025 (Q3)	-0.25 / -	-0.34	―	―	―
Aug 11, 2025	2025 (Q2)	-0.46 / -0.28	-0.88	68.18% (+0.60)
May 12, 2025	2025 (Q1)	-0.16 / -0.08	-0.83	90.36% (+0.75)	―
Mar 19, 2025	2024 (Q4)	-0.27 / -0.13	-8.52	98.47% (+8.39)	―
Nov 12, 2024	2024 (Q3)	-0.19 / -0.34	-1.6	78.75% (+1.26)
Aug 12, 2024	2024 (Q2)	-0.36 / -0.88	-4.8	81.67% (+3.92)
May 13, 2024	2024 (Q1)	-1.32 / -0.83	-6	86.17% (+5.17)	―
Mar 18, 2024	2023 (Q4)	-3.76 / -8.52	-5.2	-63.85% (-3.32)	―
Nov 13, 2023	2023 (Q3)	-4.00 / -1.60	-8	80.00% (+6.40)	―
Aug 14, 2023	2023 (Q2)	-3.80 / -4.80	-8.8	45.45% (+4.00)

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
Aug 11, 2025	$0.84	$0.83	-1.19%
May 12, 2025	$1.08	$0.96	-11.11%
Mar 19, 2025	$0.83	$0.81	-2.41%
Nov 12, 2024	$1.06	$0.85	-19.81%

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 Nov 17, 2025, After Close (Confirmed).

What is Peraso, Inc. (PRSO) earnings time?

Peraso, Inc. (PRSO) earnings time is at Nov 17, 2025, 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 2025 (Q3) is -0.25.

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