Peraso Inc.

Peraso Inc. is a U.S.-based fabless semiconductor company focused on millimeter-wave integrated circuits, antenna modules, and related engineering services. Its products are designed for use in unlicensed 60 GHz wireless devices and in 28/39 GHz 5G applications, with a business model centered on chip design, module integration, and licensing-related revenue.

−36,9 %

58,0 %

−39,0 %

−16,3 %

4.14

3.25

— Peraso Inc.
%
mmWave ICs35% Integrated circuits for 60 GHz and 28/39 GHz wireless systems.
mmWave modules15% Antenna modules that combine Peraso ICs with the antenna element.
Memory ICs40% Legacy memory chip products sold as discrete semiconductor devices.
Royalty and other10% Royalties, non-recurring engineering services, and license revenue.

Peraso sells to customers that design wireless equipment, network devices, and other electronics requiring mmWave...

  • Wireless device OEMsprimary

    Buy mmWave ICs and modules for 60 GHz and 5G-compliant devices.

  • Module and system integratorsprimary

    Buy integrated antenna modules to simplify RF design and deployment.

  • Memory technology licenseessecondary

    Generate royalty revenue through licensed memory technology shipments.

  • Engineering services customerssecondary

    Purchase non-recurring engineering work tied to mmWave development.

Peraso is headquartered in the United States and operates as a fabless semiconductor designer, so its geographic...

  • •Headquartered in the United States
  • •Fabless model relies on external manufacturing partners
  • •Supply-chain and foundry exposure affects product shipments
  • •Trade-policy changes can affect customers and partners
  • •International expansion is part of the operating footprint

Peraso’s strategy is to build a profitable, IP-rich fabless semiconductor business around mmWave products, modules, and...

01
Grow mmWave product shipmentsshort-term

Higher unit volumes improve the commercial viability of the mmWave platform.

02
Deepen IP-based differentiationmedium-term

Proprietary ICs, modules, and test methods support technical defensibility.

03
Broaden funding flexibilityshort-term

Capital access supports product development and operating continuity.

Peraso faces substantial execution and financing risk because its business depends on continued product adoption,...

critical

Going concern and financing risk

The company may need additional capital to fund operations and product development.

Scope
Cash needs, dilution, and possible operational curtailment
Materiality
high
high

Supply-chain and manufacturing risk

Fabless semiconductor operations depend on external foundries, wafers, and substrates.

Scope
Shipment timing, yields, and inventory availability
Materiality
high
high

Customer and technology adoption risk

mmWave products require design wins and production ramps to scale revenue.

Scope
New customer conversion and product shipment timing
Materiality
high
medium

Trade and geopolitical risk

Tariffs and trade tensions can affect sourcing, customers, and international planning.

Scope
Cross-border supply chain and customer demand
Materiality
medium
Revenue mix and timing
Affects comparability of revenue and gross margin
Inventory valuation
Can reduce gross profit when demand or obsolescence changes
Intangible asset amortization
Changes reported gross margin and operating cost structure
Going-concern estimates
Affects disclosure, valuation, and assessment of financial stability

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: 29/04/2026