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Peraso Technologies, Inc. (NASDAQ: PRSO) is showing accelerating business momentum as adoption strengthens across its core and adjacent markets, including Fixed Wireless Access (FWA), military and defense communications, and emerging Edge AI applications, according to a recent analyst update.
The company reported a record 12 products in pre-production, up from 7 in the prior quarter, signaling a rapidly expanding commercial pipeline. This growth reflects increasing customer engagement across multiple end markets and highlights Peraso’s progress in translating long development cycles into tangible revenue opportunities.
During the quarter, Peraso secured an important order from a leading global FWA equipment provider serving major service operators—opening new channels for scaled customer engagement. At the same time, growing interest in 6 GHz spectrum is creating additional avenues for product expansion, while recently completed field trials for next-generation tactical communications are driving increased inbound interest from defense customers.
The company’s qualified pipeline now exceeds 30 SKUs, refined to focus on the highest-probability near- and intermediate-term programs. With inventory largely normalized and new product cycles entering customer adoption phases, analysts believe revenue visibility is improving, with multiple product launches expected over the coming quarters.
Given these strengthening fundamentals and the expanding opportunity set, Benchmark reiterated its Buy rating on Peraso and maintained its $3 twelve-month price target.
See Complete Benchmark Report: (Link)
Edge AI and Robotaxis Highlight a Critical Use for Peraso’s Technology
One of the most compelling emerging opportunities for Peraso lies in Edge AI applications for autonomous vehicles, particularly robotaxi fleets during charging cycles.
Robotaxis generate massive volumes of sensor data—often exceeding 40 terabytes per vehicle per day—that must be rapidly offloaded, processed, and incorporated into updated driving models while vehicles are parked and recharging. In these data-dense environments, traditional Wi-Fi solutions quickly become bottlenecks.
Peraso’s high-bandwidth, beamforming 60 GHz mmWave technology is uniquely suited to solve this challenge. Analysts view this as a prime example of a use case where mmWave connectivity is not merely beneficial, but essential, positioning PRSO as a key enabler of scalable autonomous vehicle operations.
As robotaxi deployments expand across U.S. cities, the need for fast, reliable, depot-based data offload infrastructure is expected to grow exponentially—creating a long-term tailwind for Peraso’s Edge AI strategy.
Benchmark: Improving Visibility Across Multiple Growth Vectors
With strengthening adoption across FWA, Edge AI, autonomous vehicles, and defense, Peraso appears increasingly positioned at the intersection of next-generation connectivity and data-intensive applications. As new product cycles translate into customer deployments, analysts see improving revenue visibility and expanding strategic relevance. Reflecting this outlook, Benchmark reiterated its Buy rating and $3 price target on Peraso Technologies (NASDAQ: PRSO), citing the company’s growing commercial traction and differentiated mmWave technology platform. See Complete Benchmark Report.
Validation at Scale: Verizon–Starry Deal Underscores FWA Opportunity
Analysts also pointed to Verizon’s recent acquisition of Starry as a meaningful validation of the FWA opportunity. The transaction is widely believed to reflect the strength of Starry’s product architecture and leadership in dense urban FWA deployments, particularly in multi-dwelling units.
Peraso is believed to be the sole-source provider of Starry’s 60 GHz mmWave technology, which is purpose-built to deliver high-bandwidth, low-latency broadband in environments where fiber is either cost-prohibitive or impractical. The platform has been validated at scale, demonstrating strong performance, efficient deployment economics, and a compelling alternative to wired broadband.
Defense Communications: A Growing Long-Term Catalyst
Beyond commercial markets, Peraso is building a substantial pipeline in tactical military communications. The company recently completed successful initial field trials with a lead defense customer, showcasing ultra-low-power mmWave solutions that reduce power consumption by up to 20× versus standard platforms.
Production revenue from defense programs is expected to begin in 2H 2026, with procurement orders likely placed well ahead of that timeline due to the typical five- to six-quarter engagement-to-production cycle. Management has noted a meaningful increase in defense customer interest, with recent engagements expected to catalyze broader activity in coming quarters.