Peraso, Inc. (PRSO)

In September 2025, Peraso regained compliance with Nasdaq's minimum bid price requirement. Discussions regarding a proposed acquisition by Mobix Labs, Inc. occurred between June and September 2025. Peraso's first-quarter 2025 earnings surpassed analyst expectations in May 2025, and Benchmark reiterated a "Speculative Buy" rating in December 2025. In March 2026, Peraso announced a six-fold year-over-year increase in mmWave product revenue for its fourth-quarter and full-year 2025 results, despite a decline in total net revenue. However, a delay in key materials from an Asia-based supplier is expected to reduce Q1 2026 revenue by over $0.5 million, with the shipment expected in Q2 2026. The company's stock has also experienced high volatility, and strategic acquisitions have contributed to investor confidence.

There is no explicit information indicating specific seasonal demand patterns for Peraso, Inc.'s products and services. The demand for millimeter-wave technology is characterized by continuous and robust growth, driven by factors such as expanding infrastructure deployments, the rising demand for high-speed networks, increased adoption of internet services, e-governance, and cloud computing. The proliferation of 5G networks, automotive radar systems, advanced imaging technologies, and wireless backhaul are significant contributors to this expansion. Government initiatives are also expected to further fuel this demand.

Peraso, Inc. is a fabless semiconductor company specializing in millimeter-wave (mmWave) wireless technology. The company develops, markets, and sells semiconductor devices and antenna modules, including mmWave integrated circuits (ICs), antenna technology, and mmWave modules. These products are used in multi-gigabit point-to-point wireless links, fixed wireless access, wireless video streaming, and augmented/virtual reality experiences. Peraso also offers non-recurring engineering (NRE) services and licenses its intellectual property, distributing its products through direct sales, sales representatives, and distributors.

Peraso, Inc. operates globally and is headquartered in San Jose, California, United States. The company's geographical segments for revenue generation include North America, Hong Kong, Taiwan, and the Rest of the World.

Peraso's brand reputation appears largely positive among analysts, with a consensus "Buy" or "Strong Buy" rating and an average 12-month price target of $3.00. Management has expressed confidence in earnings calls, highlighting customer engagements and growth in mmWave product shipments. Strategic collaborations, such as with Knowledge Resources GmbH, contribute positively to the company's image. However, sentiment has shown a mix of optimism and caution due to a recent supplier delay impacting Q1 2026 revenue, and the company's stock has experienced high volatility.

Peraso, Inc. has a notable institutional ownership presence, with 18 institutional owners and shareholders holding a total of 372,320 shares as of December 2025. Major institutional owners include Vanguard Group Inc., Geode Capital Management, LLC, and Acadian Asset Management LLC. Individual insiders hold approximately 1.49% of the shares, while private companies hold about 3.3%. Significant insider holdings also include Litespeed Master Fund Ltd and Iroquois Capital Management, LLC.