Peraso (NASDAQ:PRSO) Posts Earnings Results, Beats Estimates By $0.03 EPS

Peraso (NASDAQ:PRSO) announced its quarterly earnings results on Monday. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03, FiscalAI reports. The company had revenue of $2.87 million during the quarter, compared to analyst estimates of $3.21 million. Peraso had a negative net margin of 38.99% and a negative return on equity of 140.94%.

Here are the key takeaways from Peraso’s conference call:

• Millimeter‑wave product revenue rose roughly sixfold year‑over‑year to $9.1 million in 2025, helping lift gross margins and materially improve the company’s bottom line versus 2024.
• Peraso reported multiple meaningful fixed wireless access design wins (including Tachyon and Miliwave) and a MikroTik product launch using Peraso technology, supporting continued commercial traction in its largest end market.
• The company secured and progressed a strategic tactical‑communications/defense engagement with InTACT (drone IFF and battlefield comms), completing initial field trials and expecting production revenue to ramp in the second half of 2026 after an NRE‑heavy development phase.
• An unexpected supplier/customs delay will push a significant order from Q1 into Q2 2026, creating an anticipated >$0.5 million revenue shortfall and contributing to first‑quarter guidance of approximately $1.2 million.
• Peraso reduced operating expenses and narrowed GAAP net loss to $4.8 million in 2025 (from $10.7M in 2024) and increased cash to about $2.9 million via ATM proceeds, while continuing an active strategic‑alternatives review that adds uncertainty to longer‑term capital plans.

Peraso Stock Performance

NASDAQ:PRSO opened at $1.20 on Wednesday. Peraso has a 52-week low of $0.52 and a 52-week high of $2.37. The company has a market cap of $10.78 million, a P/E ratio of -1.69 and a beta of 1.10. The stock’s 50-day simple moving average is $1.04 and its 200 day simple moving average is $1.11.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PRSO. Weiss Ratings reiterated a “sell (e+)” rating on shares of Peraso in a research report on Monday, December 29th. Williams Trading set a $3.00 price target on shares of Peraso in a report on Friday, December 5th. Wall Street Zen raised shares of Peraso from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Benchmark restated a “buy” rating and set a $3.00 price objective on shares of Peraso in a report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $3.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Peraso stock. Geode Capital Management LLC increased its stake in Peraso Inc. (NASDAQ:PRSO) by 71.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,697 shares of the company’s stock after buying an additional 29,095 shares during the quarter. Geode Capital Management LLC owned approximately 0.78% of Peraso worth $61,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 77.60% of the company’s stock.

About Peraso

Peraso Technologies Inc is a Canadian semiconductor company specializing in the research, design and development of millimeter wave (mmWave) wireless communication solutions. The company’s core focus lies in the 60 GHz frequency band, where it engineers high-performance integrated circuits and beamforming solutions designed to deliver multi-gigabit wireless connectivity. Peraso’s technology is tailored for applications demanding high data throughput, low latency and reliable short-range wireless links.

The company’s product portfolio includes 60 GHz chipset solutions for wireless local area networking (WiGig), fixed wireless access (FWA), small-cell backhaul and point-to-point communication links.