Peraso Inc. posted second‑quarter Revenue of $1.3 million, a 36 % sequential increase that lifted gross Margin to 63.7 %. The Earnings beat narrows the loss per share to $‑0.19 versus the $‑0.18 consensus, giving investors a modest improvement in profitability outlook.

Key Highlights

  • Q2 revenue rose 36 % sequentially to $1.3 million, while product revenue climbed to $1.2 million
  • Gross margin expanded to 63.7 %, up from 61.5 % in the prior quarter
  • Peraso Inc. posted a 36% sequential jump in revenue to $1.3 million in the second quarter.
  • Gross margin rose to 63.7%, up from 61.5% in the preceding quarter and 48.3% a year earlier.

Peraso Inc. (NASDAQ: PRSO) posted second‑quarter revenue of $1.3 million, a 36 % sequential jump that lifted gross margin to 63.7 %. The Earnings Per Share came in at $‑0.19, just shy of the $‑0.18 consensus, yet the top‑line growth narrows the earnings gap and hints at an emerging recovery for the 60 GHz wireless specialist.

Revenue Surge

Second‑quarter revenue climbed to $1.3 million from $1.0 million in the prior quarter, while the year‑ago figure stood at $2.2 million. Product sales drove the increase, reaching $1.2 million versus $0.7 million a quarter earlier. Gross margin rose to 63.7 %, up from 61.5 % in the preceding quarter and markedly above the 48.3 % recorded a year earlier.

The margin improvement underscores the impact of better product mix and the upside from inventory write‑downs, though Supply pressures remain a headwind.

Cost Structure

Operating expenses on a GAAP basis held steady at $3.1 million, matching the prior quarter, while the same metric a year earlier was $2.9 million. On a non‑GAAP basis, excluding stock‑based compensation, the expense remained at $2.9 million, consistent with the previous period and higher than $2.7 million a year ago. The persistent loss highlights the need for stronger Cash Flow generation as the firm pursues design wins.

Market Reaction

The Market Capitalisation sits near $11 million, with the stock hovering between its 52‑week low of $0.58 and high of $2.37. The modest earnings beat failed to reverse the price decline, reflecting investor concerns about the company’s ability to sustain its top‑line gains amid ongoing supply‑chain constraints. Nonetheless, the revenue uplift and margin expansion may attract value‑oriented investors seeking upside in a niche high‑frequency market.

Forward Outlook

CEO Ron Glibbery cautioned that irregular order patterns and inflated memory component prices will likely extend into the fourth quarter, tempering near‑term revenue expectations. He highlighted growing interest from drone manufacturers and the strategic advantage of the company’s stealthy, anti‑jamming mmWave technology for defense applications. Management continues to tighten supply‑chain controls and add distribution partners to broaden market reach.

The next Quarterly Report will serve as a critical barometer for whether the recent revenue momentum can translate into sustained profitability and cash‑flow improvement.