Peraso Earnings Call Transcripts
Fiscal Year 2026
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The company leads in millimeter wave wireless chips, expanding from fixed wireless access into military and AI-driven markets. Financials show reduced losses and a focus on profitability, with growth expected from new applications and ongoing product innovation.
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The company leads in 60 GHz millimeter wave wireless, dominating Fixed Wireless Access and expanding into military, drone, and Edge AI markets. Revenue mix is shifting toward higher-growth segments, with supply chain issues resolved and new applications expected to drive growth. Cash management and additional funding remain key to achieving breakeven.
Fiscal Year 2025
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Q4 and full year 2025 saw strong millimeter wave product growth and improved margins, but overall revenue declined due to memory IC product phase-out. Key wins in FWA and tactical communications, including INTACT and BioWorks, position the company for future growth, though Q1 2026 revenue will be impacted by a delayed shipment.
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Q3 2025 saw over 45% sequential revenue growth, record millimeter wave sales, and gross margin of 56.2%. New OEM wins, expanding tactical defense and edge AI markets, and disciplined cost management support a positive outlook, with Q4 revenue guided at $2.8M–$3.1M.
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The company is a leading mmWave semiconductor supplier with a strong patent portfolio and growing presence in fixed wireless, military, edge AI, and transportation markets. mmWave revenue is accelerating, with break-even targeted by mid-2026. Recent M&A interest and industry validation signal strategic momentum.
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The presentation highlighted strong growth in mmWave technology across fixed wireless, military, and emerging markets like autonomous vehicles. With legacy memory products phased out, the company is now a pure play mmWave supplier, showing rapid revenue growth, expanding customer base, and limited competition.
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Dominance in 60 GHz millimeter wave technology is driving growth across fixed wireless, defense, transportation, and video markets. Revenue and customer pipeline are expanding, with new design wins and major opportunities from U.S. government programs and global defense contracts.
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mmWave product revenue grew 45% sequentially and over 200% year-over-year, with expanding customer base and strong backlog supporting record Q3 guidance. Operating expenses declined, cash runway extended, and strategic alternatives are under review.
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Q1 2025 saw strong year-over-year revenue growth, driven by mmWave product momentum and a major new defense contract. Gross margin and net loss improved significantly, with sequential mmWave revenue growth expected through 2025.
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A fabless semiconductor firm specializing in high-frequency wireless chips is expanding in fixed wireless access, military, and VR markets. Growth is driven by unique beamforming technology, global deployments, and new U.S. policy shifts favoring rapid, cost-effective internet solutions.
Fiscal Year 2024
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Q4 2024 saw revenue double year-over-year, improved gross margins, and reduced operating expenses, driven by Memory IC shipments and growing mmWave demand. Significant new orders and military applications are expected to fuel further growth in 2025.
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Q3 2024 saw improved operating performance and cost reductions, with revenue of $3.8M and a narrowed net loss. Customer engagement and design wins in millimeter wave and military markets are growing, with revenue inflection expected in Q1 2025.
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A global leader in 60 GHz millimeter wave semiconductors is expanding from rural to urban and military markets, leveraging beamforming technology for secure, high-density wireless. With over 100 customers in the pipeline and strong patent protection, growth is expected in fixed wireless, military, and adjacent sectors.
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Q2 2024 revenue grew over 50% sequentially and 70% year-over-year, driven by memory IC and millimeter wave shipments, with gross margin expansion and a strong pipeline in fixed wireless and defense. Outlook remains positive, with significant backlog and potential BEAD funding expansion.