Fitch Assigns Gorilla Technology First

Gorilla Technology Group (GRRR) reported Q2 2026 revenue of $50.1M, up 78% QoQ and 138% YoY. H1 2026 revenue was $78.4M, up 99% YoY. The company raised FY 2026 revenue guidance to at least $200M and set FY 2027 target at $450M-$500M. Operating loss narrowed to $2.2M in Q2. The company plans to invest in AI infrastructure and GPU-as-a-Service projects, aiming for 40%+ gross margin in 2027. Risks include hardware timing, power readiness, and customer acceptance.

Gorilla Technology (GRRR) fell 11% to $14.06 despite doubling revenue and raising 2027 sales guidance 29% above consensus. The company reported first-half 2026 revenue of $78.4M, up 99% YoY, and lifted full-year 2026 outlook to at least $200M. Concerns include losses and construction risks in multiple countries.

Gorilla Technology Group reported $179.4M in cash at June-end, with $120M in debt. It expects Q3 revenue of $48M-$50M, Q4 above $60M, and $200M+ for 2026. 2027 targets are $450M-$500M. GPU-as-a-service projects may achieve 75%+ gross margins. The company raised its revenue outlook and plans to use project financing for deployments.

Gorilla Technology Group Inc. (GRRR) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Gorilla Technology H1 Revenue Surges 99% to US$78.4 Million; Raises FY2026 Revenue Outlook to at Least US$200 Million London, United Kingdom – (Newsfile Corp. – August 24, 2026) – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global sol

Gorilla Technology Group Inc. (NASDAQ: GRRR) said it completed two bond financings raising $232 million gross proceeds to accelerate AI infrastructure deployments in India, Indonesia and Thailand. The $125 million raise supports a signed $2.5 billion, five-year contract for Yotta 2 and earlier Yotta 1 work. NeutraDC Batam (5-year contract, ~$2.5B) remains on schedule with first tranche targeted Sept 2026. Korat 200MW campus is advancing toward commercialization.

Gorilla Technology (NASDAQ:GRRR) is offering $125 million of 7.50% senior unsecured convertible notes due 2031 in a private placement expected to close around July 17. Notes pay 7.5% semiannually and convert at 39.2425 shares per $1,000, about $25.48 per share, with reset caps. Proceeds fund Indonesia data center capacity and equipment. Shares fell 26.7% to about $12.29.