Guerrilla RF Q3 revenue rises 61% on aerospace & defense demand

By Reuters News


Overview

  • US RF semiconductor maker's Q3 revenue rose 61% yr/yr to a record high

  • Gross margin expanded to 71.7%, with operating income improving to $2.4 mln

  • Net loss widened due to $6 mln non-cash warrant charge; backlog hit $16.2 mln


Outlook

  • Company expects growing GaN portfolio to contribute meaningfully to revenue starting in 2027

  • Guerrilla RF sees continued high-margin growth and increasing cash generation going forward

  • Company does not expect significant order cancellations in future based on customer relationships


Result Drivers

  • AEROSPACE & DEFENSE DEMAND - Revenue from aerospace and defense rose 259% yr/yr, driven by demand for drone, satellite and tactical communications applications

  • PRODUCT MIX SHIFT - Gross margin expansion was attributed to higher revenue and a favorable shift toward higher margin products and end markets

  • INFRASTRUCTURE & CATALOG GROWTH - Infrastructure revenue increased 78% and catalog revenue rose 32% yr/yr, reflecting higher demand across a range of applications


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$10.10 mln

Q3 Gross Margin

71.70%

Q3 Loss Per Basic Share

$0.35

Q3 Operating Income

$2.40 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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