Q2 2026 Peraso Inc Earnings Call Transcript
Key Points
- Revenue for Q2 2026 increased approximately 36% sequentially, exceeding expectations.
- Gross margin improved to 63.7% in Q2 2026, up from 61.5% in Q1 2026 and 48.3% in Q2 2025.
- Successfully completed a customer demonstration with a partner, achieving a peak aggregate data rate of over 50 Gbps in a simulated drone wireless environment.
- Expanded product portfolio with the introduction of the PRM2145, a jam-resistant communications module for UAVs and defense applications, available for evaluation in Q4 2026.
- Secured a committed equity facility of up to $25 million to support working capital and product development.
- Reported strong interest and engagement in defense and UAV markets, including a NATO consortium and multiple new drone customer design wins.
- Cash balance increased to $3.3 million as of June 30, 2026, from $2.7 million at the end of Q1 2026.
- Revenue for Q2 2026 was $1.3 million, down from $2.2 million in Q2 2025, reflecting ongoing macro headwinds.
- Fixed wireless access customers continue to face elevated memory prices and constrained supply of key components, leading to subdued purchase orders and limited near-term visibility.
- The company expects these market dynamics to extend into Q4 2026, impacting near-term revenue.
- GAAP net loss for Q2 2026 was $2.2 million, compared to a net loss of $1.8 million in Q2 2025.
- Non-GAAP operating expenses remained consistent at $2.9 million per quarter, with no significant reduction despite cost containment efforts.
- The company did not provide quarterly guidance due to insufficient visibility into future demand.
- The company continues to explore strategic alternatives, indicating ongoing uncertainty about its long-term direction.
Good afternoon, and welcome to Pareto Inc.'s Second Quarter 2026 Conference Call. At this time, all participants a listen-only mode. (Operator Instructions) As a reminder, this conference call is being recorded today, Tuesday, August 11, 2026.
The I would now like to turn the call over to your host for today's conference call, Mr. Jim Sullivan. Please go ahead.
Good afternoon and thank you for joining today's conference call to discuss Pros' Second Quarter 2026 financial results. I'm Jim Sullivan, CFO of Parosso; and joining me today is Ron Globe, our CEO. Today, after the market closed, we issued a press release and related Form 8-K, which was filed with the Securities and Exchange Commission.
The press release and Form 8-K are available on Parosa's website at parussoinc.com under the Investor Relations section. There is also a slide presentation that we will be using in conjunction with today's call that may be accessed through the webcast link on the IR website.
As a reminder,
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