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Peraso (PRSO) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Peraso (PRSO) Q2 2026 earnings results →
Q2 2026 Revenue down 41% year over year to $1.3M · 170¢ of every $1 of revenue lost · operating margin -171.1%
Peraso made $1.3M in Q2 2026 (-41% Y/Y): Product $1.2M, Services and other $63K. Operating margin -171.1%, net loss $2.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $1.3M in Q2 2026, down 41% year over year and up 36% from the previous quarter. mmWave modules was the largest line at 82% of revenue. mmWave ICs lost $1.2M year over year (down 94%), 136% of the total change.
Gross margin was 63.7%, up 15.4 points from Q2 2025. Operating costs exceeded revenue by $2.2M, an operating margin of -171.1%. Operating expenses grew 8% against a revenue fall of 41%. The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $2.5M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $49K of depreciation and amortization and $170K of share-based compensation. Working capital and other items added $427K. Capital expenditures of $97K exceeded it, leaving free cash flow of −$1.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $1.3M | -41% | -171.1% | −$2.2M | −$1.6M |
| Q1 2026 | 10-Q | May 14, 2026 | $963K | -75% | -257.9% | −$2.5M | −$2.3M |
| Q4 2025 | 10-K | Mar 30, 2026 | $2.9M | -22% | -44.6% | −$1.2M | −$1.1M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $3.2M | -16% | -36.8% | −$1.2M | −$1.5M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $2.2M | -48% | -80.0% | −$1.8M | −$2.0M |
| Q1 2025 | 10-Q | May 13, 2025 | $3.9M | +37% | -13.3% | −$471K | −$966K |
| Q4 2024 | 10-K | Mar 28, 2025 | $3.7M | +101% | -44.3% | −$1.6M | −$687K |
Charts
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About Peraso
We are a fabless semiconductor company focused on the development and sale of: i) millimeter wavelength wireless technology, or mmWave, semiconductor devices and antenna modules based on our proprietary semiconductor devices and ii) performance of non-recurring engineering, or NRE, services and licensing of intellectual property, or IP. Our primary focus is the development of mmWave technology for wireless communications. mmWave is generally described as the frequency band from 24 Gigahertz, or GHz, to 300 GHz.
In its own words, from its 10-K, filed Mar 30, 2026.
Peraso against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -41% against the peers' median +40%. Operating margin: -171.1% against the peers' median 40.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PRSO Peraso | Q2 2026 | $1.3M | -41% | -171.1% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: Peraso 10-Q on SEC EDGAR · CIK 890394 · Semiconductors & Related Devices
13F: who owns PRSO and who is buying
More on PRSO
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results