Peraso shares rise 13.46% premarket after Q3 mmWave revenue surges 35% to $3M, driven by strategic wins and margin improvement.

Peraso Inc. (PRSO) surged 13.46% in premarket trading following its Q3 2025 earnings report, which highlighted a 45% sequential revenue increase to $3.2 million, driven by record $3 million in mmWave product sales. The company also reported a 56.2% gross margin, up from 48.3% in Q2, and secured strategic partnerships with Tachyon Networks and WeLink Communications. Management emphasized expansion into tactical communications and edge AI markets, along with a robust pipeline of preproduction customer devices. Despite a GAAP net loss of $1.2 million, the results underscored operational efficiency and growing demand for its 60 GHz wireless solutions, validating investor optimism about long-term growth prospects. The premarket rally aligned with the earnings call’s emphasis on market traction and improved financial metrics.