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Peraso Inc. (NASDAQ: PRSO), a pioneer in millimeter-wave (mmWave) wireless technology, reported record third-quarter results that mark a pivotal inflection point for the company’s growth trajectory and market visibility.
Peraso’s total revenue for Q3 2025 reached $3.2 million, up 45% sequentially from the prior quarter, driven by record shipments of its mmWave products. GAAP gross margin expanded sharply to 56.2%, reflecting a favorable product mix and stronger pricing dynamics, while the company’s net loss narrowed to $1.2 million, a substantial improvement from the prior quarter’s $1.8 million.
Strategic Wins Signal Market Expansion
CEO Ron Glibbery credited the quarter’s success to both execution and innovation. The company secured multiple new design wins, including a collaboration with WeLink to accelerate deployment of 60 GHz broadband across dense U.S. urban centers. Additionally, Peraso received an initial $0.9 million production order from a new OEM customer in the fixed wireless access (FWA) market and completed field trials for a tactical defense application, highlighting its diversification across commercial and military markets.
Forward Outlook
Building on its strongest quarter to date, Peraso is poised for continued growth into 2026 as demand accelerates across FWA, enterprise networking, aerospace, defense, and edge-AI applications. With mmWave technology gaining validation from recent industry moves — including Verizon’s planned acquisition of Starry Internet — Peraso’s leadership in the 60 GHz spectrum positions it squarely within the next wave of high-speed, low-latency connectivity solutions.
The company’s focus now turns to converting its deep pipeline of customer engagements into sustained revenue expansion and margin improvement. As Glibbery emphasized, Peraso’s 60 GHz portfolio is “not just riding the mmWave wave — it’s defining it.”