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Aug. 20, 2026 Peraso Inc. (NASDAQ: PRSO) is emerging as a potential micro-cap turnaround story as the 60GHz millimeter-wave (mmWave) semiconductor company expands beyond its legacy fixed wireless access business into military drones, defense communications, Edge AI, robotics and autonomous systems.
The transition comes as Peraso works through softer fixed wireless demand and customer inventory adjustments while targeting markets where secure, high-bandwidth and low-latency wireless communications are becoming increasingly critical. Rather than depending primarily on a recovery in traditional wireless markets, Peraso is positioning its technology for mission-critical applications that could broaden its long-term revenue opportunity.
Military Drones and AI Edge Create a New Growth Path
At the center of Peraso’s strategy is its proprietary 60GHz mmWave technology, which uses highly directional narrow beams to deliver high-capacity communications while reducing co-channel interference. The architecture can support numerous simultaneous connections in dense environments—an increasingly important capability for AI-powered robotics, autonomous platforms, drone swarms and Edge AI systems generating large amounts of sensor, camera and operational data.
Defense applications could represent an especially significant opportunity. Peraso’s technology is designed to provide low probability of intercept and detection (LPI/LPD), enhanced resistance to electronic jamming and communications synchronization without dependence on traditional GPS. These characteristics are increasingly relevant as modern military operations incorporate drones, autonomous systems and electronic warfare into battlefield networks.
The company’s technology is also being positioned for Identification Friend or Foe (IFF) applications, where securely distinguishing friendly assets from potential threats can be mission critical.
PRM2145 Moves Strategy Toward Commercialization
Peraso’s recently introduced PRM2145 provides a tangible product around this strategy. The compact 60GHz communications module is purpose-built for UAVs, defense and autonomous systems, with a focus on jam-resistant connectivity for platforms constrained by size, weight and power requirements.
The next critical step is converting technology evaluations and development programs into design wins, production orders and recurring commercial revenue. Successful adoption could give Peraso exposure to higher-value markets while reducing its dependence on the cyclical fixed wireless sector.
The opportunity extends beyond defense. Edge AI systems, industrial robotics, smart factories and autonomous machines increasingly require enormous volumes of data to move between sensors, cameras and computing infrastructure with minimal latency. Peraso’s ability to support multiple high-capacity wireless links in close physical proximity could provide another avenue for growth as physical AI and Edge AI infrastructure expand.
Analyst Sees Revenue Rebound Into 2027
The emerging opportunity has attracted analyst attention. Ladenburg Thalmann recently maintained its Buy rating on PRSO and raised its 12-month price target to $3.25 from $2.75, citing the potential contribution from military and AI Edge applications.
Ladenburg forecasts Peraso revenue of approximately $17.5 million in 2027, compared with its revised $6.2 million estimate for 2026, implying potential year-over-year growth approaching 200% if anticipated fixed wireless recovery and initial military and AI Edge revenues materialize.
Alongside Peraso Inc. (NASDAQ: PRSO), investors are also monitoring active trading in BTC Digital Ltd. (NASDAQ: BTCT), Mixed Martial Arts Group Ltd. (NYSE American: MMA), Huize Holding Limited (NASDAQ: HUIZ), and Game Your Game, Inc. (NASDAQ: GYGY), as small-cap and emerging growth stocks continue attracting market attention.
That forecast illustrates the potential operating leverage behind the turnaround thesis. With Peraso starting from a relatively small revenue base, even moderate commercial adoption across its newer markets could materially change the company’s growth profile. See Ladenburg Thalmann Complete Report.
Turnaround Opportunity Comes With Execution Risk
Peraso still faces significant challenges. Customer concentration can produce volatile quarterly results, defense programs typically involve lengthy evaluation and procurement cycles, and the company must demonstrate that growing interest in its technology can translate into meaningful production revenue.
But the investment story is changing.
Instead of relying principally on a recovery in fixed wireless, Peraso is building a broader business around military drone communications, electronic warfare resilience, Edge AI, autonomous systems and high-capacity wireless networking.
If the legacy business stabilizes while these emerging markets begin contributing meaningful revenue, Peraso could enter 2027 with a substantially different growth profile. For investors searching for overlooked small-cap semiconductor companies positioned at the intersection of AI, defense technology, military drones and autonomous systems, PRSO may increasingly warrant attention.
About Peraso Inc.
Peraso Inc. (NASDAQ: PRSO) is a developer of high-performance 60GHz unlicensed and 5G mmWave wireless technology, including chipsets, modules, software and intellectual property. The company’s technology targets applications spanning fixed wireless access, military and tactical communications, UAVs, autonomous systems, Edge AI, immersive video and factory automation.