Peraso (PRSO) reported second-quarter 2026 total net revenue of $1.3 million, compared with $1.0 million in the prior quarter and $2.2 million in the same quarter a year earlier. Product revenue was $1.2 million, and GAAP net loss was $2.2 million, or a loss of $0.16 per share.
The company said sequential revenue growth reflected fulfillment of a previously delayed order shipment to a new fixed wireless access customer. Peraso said order patterns remain irregular as fixed wireless access customers navigate inflated memory prices and constrained supply of other key components.
- Gross margin was 63.7%, compared with 61.5% in the prior quarter and 48.3% a year earlier.
- GAAP operating expenses were $3.1 million, consistent with the prior quarter and above $2.9 million in the year-earlier quarter.
- Adjusted EBITDA was negative $2.0 million, compared with negative $2.3 million in the prior quarter.
- Cash and cash equivalents were $3.3 million as of June 30, 2026.
- Management said market dynamics are expected to extend into the fourth quarter.
$PRSO Hedge Fund Activity
We have seen 6 institutional investors add shares of $PRSO stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ACADIAN ASSET MANAGEMENT LLC removed 42,404 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $42,828
- GEODE CAPITAL MANAGEMENT, LLC added 29,894 shares (+42.9%) to their portfolio in Q1 2026, for an estimated $30,192
- UBS GROUP AG added 27,719 shares (+inf%) to their portfolio in Q1 2026, for an estimated $27,996
- STONEX GROUP INC. removed 25,951 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $26,210
- JANE STREET GROUP, LLC removed 22,595 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $22,820
- TWO SIGMA SECURITIES, LLC removed 21,187 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $21,398
- CITIGROUP INC removed 20,525 shares (-99.9%) from their portfolio in Q2 2026, for an estimated $18,657
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
