Peraso shares surge 21.15% premarket on record mmWave revenue, strategic wins, and 45% sequential revenue growth in Q3 2025.

Peraso Inc. (PRSO) surged 21.15% in premarket trading following its Q3 2025 earnings report, which highlighted a 45% sequential revenue increase driven by record $3 million in mmWave product sales—a 3,000% year-over-year jump. The company also reported improved GAAP gross margins of 56.2%, up from 48.3% in Q2, and secured strategic partnerships with Tachyon Networks and WeLink Communications in fixed wireless access. CEO Ron Glibbery emphasized momentum in mmWave adoption and expansion into tactical communications, while the CFO noted disciplined cost management. Despite a $1.2 million net loss and cautionary Q4 revenue guidance of $2.8–$3.1 million, the earnings call underscored strong demand for Peraso’s 60 GHz solutions and validation from key OEMs, fueling investor optimism.