Peraso shares surge 30.77% premarket after Q3 results show record mmWave revenue and strategic wins.

Peraso Inc. (NASDAQ:PRSO) surged 30.77% in premarket trading following its Q3 2025 earnings call, which highlighted a 45% sequential revenue increase to $3.2 million, driven by record mmWave product sales of $3 million. The company reported a 56.2% GAAP gross margin, up from 48.3% in Q2, and secured strategic partnerships with Tachyon Networks and WeLink Communications in the fixed wireless access market. Management emphasized expansion into tactical communications and edge AI, with multiple preproduction customer devices signaling long-term growth potential. Despite a Q4 revenue forecast of $2.8–$3.1 million and ongoing losses, the earnings call underscored improved operational efficiency, reduced cash burn, and validation of mmWave technology through key design wins and field trials. The premarket rally reflects investor optimism over the company’s market traction, margin expansion, and strategic momentum in high-growth sectors.