Peraso Q2 Results: Adjusted EPS beats estimate, sales fall 41%
Peraso (NASDAQ: PRSO) reported Q2 adjusted EPS of $(0.15), beating the $(0.18) consensus, and quarterly sales of $1.307 million versus $1.250 million expected. Sales volume fell 40.59% year over year to $2.200 million prior-year quarter. The company also announced its PRM2145 60 GHz mmWave module for UAV and defense communications, expected in Q4 2026.
How this was made
The 30-second read
Why it matters
Near-term trading is likely driven by the earnings/revenue beat versus the magnitude of YoY sales decline, while the PRM2145 details may matter more for longer-dated positioning given the Q4 2026 availability window.
Market read
A Q2 adjusted EPS and revenue beat arrives alongside a steep YoY sales contraction, plus a specific defense/UAV product launch with a late 2026 availability timeline.
What to watch
The PRM2145 is not expected until Q4 2026; traders may be underweighting the time gap between product launch and revenue contribution, and overweighting the strategic pivot narrative.
Background
Peraso combined a Q2 financial beat with a new 60 GHz mmWave module (PRM2145) aimed at UAVs and defense communications.
Ticker impact
Peraso reported adjusted EPS of -$0.15 vs -$0.18 consensus and sales of $1.307M vs $1.250M, despite a 40.59% YoY sales drop.
Likely choppy trading: initial relief from the beat, followed by skepticism focused on the steep YoY revenue decline and Q4 2026 product availability.
The article provides concrete earnings/revenue beats plus a large YoY sales contraction, and it adds a specific PRM2145 launch with availability expected in Q4 2026, which may not offset near-term demand concerns immediately.
Market effects
Highlights continued investor focus on profitability discipline versus top-line contraction in wireless/mmWave and defense-adjacent connectivity names.
No clear regional market linkage beyond US-listed small-cap tech/defense communications exposure.
Defense and autonomous systems demand narrative may support broader interest in secure high-bandwidth connectivity, but the article does not quantify global demand.
Counterpoint
The EPS and sales beats may reflect conservative expectations, while the 40.59% YoY revenue contraction signals demand weakness that cost cuts alone cannot fix.
Key entities
- companyPeraso
NASDAQ-listed wireless communications company reporting Q2 adjusted EPS and sales, and launching PRM2145 for UAV and defense communications.
- productPRM2145
60 GHz mmWave wireless communications module for UAVs, autonomous systems, and defense communications, with availability expected in Q4 2026.
- executiveRonald Glibbery
CEO quoted on the importance of autonomous systems and the PRM2145’s jam-resistant reliability focus.
- executiveMike Hamilton
VP of Business Development quoted on leveraging Peraso’s mmWave IP for high-value markets beyond fixed wireless access.
