Peraso Inc. Reports Strong Q1 2025 Performance Amid mmWave Growth

Peraso Inc. (NASDAQ: PRSO), a leader in high-performance 5G mmWave wireless technology, has reported significant financial results for the first quarter of 2025. The company, which operates in the Information Technology sector, specifically within the Semiconductors & Semiconductor Equipment industry, has demonstrated robust growth driven by its mmWave products.

Key Financial Highlights

  • Revenue Growth: Peraso’s first-quarter total revenue increased by 37% year-over-year, primarily fueled by triple-digit growth in its mmWave product line. This growth is a testament to the company’s strategic focus on advancing data intelligence and multi-access edge computing solutions.

  • Earnings Performance: Despite reporting a loss, Peraso’s non-GAAP earnings per share (EPS) of -$0.08 exceeded expectations by $0.04 million. The company’s revenue for the quarter was $3.86 million, surpassing estimates.

  • Market Reaction: The close price of Peraso’s stock on May 8, 2025, was $1.037, with a 52-week range between $2.34 and $0.5204. The company’s market capitalization stands at $4.21 million, reflecting investor sentiment amidst its financial performance.

Strategic Developments

  • Defense and FWA Momentum: Peraso anticipates double-digit mmWave revenue growth for Q2 2025, driven by momentum in defense applications and fixed wireless access (FWA). This strategic positioning aligns with the company’s commitment to providing innovative solutions for data and telecom networks.

  • Earnings Call Insights: During the Q1 2025 earnings call, Peraso highlighted its strong mmWave growth and strategic advancements. However, the company also anticipates a revenue decline in Q2 2025, which it attributes to market dynamics and strategic realignments.

Analyst Expectations

  • Analysts have projected an earnings per share of -$0.160 for the quarter ending March 31, 2025. This represents a significant improvement of 84.91% compared to the previous year’s loss of $1.060 per share.

Conclusion

Peraso Inc. continues to solidify its position as a leader in mmWave technology, with strong Q1 performance and strategic initiatives poised to drive future growth. Despite facing challenges, the company’s focus on innovation and strategic market segments positions it well for continued advancement in the competitive semiconductor landscape.