Peraso Inc. (NASDAQ:PRSO) reported its financial results for the third quarter of 2025, delivering a performance that notably exceeded analyst expectations on the bottom line and demonstrated significant sequential growth in its core business. The company's results and forward-looking commentary appear to have been met with a positive, albeit measured, response from investors.
Earnings and Revenue Performance
The company’s third-quarter results showcased a mixed picture when viewed against analyst forecasts, with a clear beat on profitability metrics standing out.
- Earnings Per Share (EPS): Peraso reported a non-GAAP net loss per share of $0.15. This figure substantially outperformed the analyst consensus estimate, which anticipated a deeper loss of $0.203 per share.
- Revenue: Total net revenue for the quarter was $3.23 million. This result came in above the analyst estimate of $3.10 million, representing a sequential increase of over 45% from the prior quarter.
- Key Growth Driver: The press release highlighted a record quarterly performance from its mmWave products, with revenue from this segment increasing 35% sequentially.
Market Reaction
The market's initial reaction to the earnings report has been positive. Following the release, the stock experienced an after-market gain of approximately 3.77%. This upward movement suggests that investors were encouraged by the better-than-expected EPS and the strong sequential revenue growth, particularly in the core mmWave product line. This positive after-hours move offers a contrast to the stock's performance over the past month, which had seen a decline.
Business Highlights and Management Commentary
Beyond the headline numbers, the earnings press release emphasized several operational achievements and a positive business trajectory. CEO Ron Glibbery described the quarter as "notably strong," attributing the performance to record mmWave product revenue and improved gross margins.
Significant business developments during the quarter included:
- A collaboration with WeLink to deploy high-speed broadband in dense urban areas.
- A new production order valued at $0.9 million from an OEM customer in the fixed wireless access market.
- Progress in the defense sector, with initial field trials completed for a tactical communications application.
The company also demonstrated improved financial health, with its GAAP gross margin expanding to 56.2%, up from 48.3% in the previous quarter and 47.0% in the same period last year.
Forward Outlook and Analyst Estimates
Looking ahead, Peraso provided revenue guidance for the fourth quarter of 2025, projecting total net revenue in the range of $2.8 million to $3.1 million. This company outlook sits notably below the current analyst consensus sales estimate of $3.74 million for Q4 2025. The provided guidance likely tempered more exuberant market enthusiasm, providing context for the stock's measured positive reaction rather than a more dramatic surge.
For investors seeking a deeper dive into the company's earnings history and future estimates, more detailed information is available on its earnings and estimates page.
Disclaimer: This article is for informational purposes only and does not constitute investment advice, nor does it recommend buying or selling any securities. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
