Quarterly ResultMay 6, 2026, 04:19 PM
Airgain Q1 Sales $11.5M; Net Loss $(0.15) EPS; Strong Q2 Outlook
AI Summary
Airgain reported Q1 2026 financial results with sales of $11.5 million and a GAAP net loss of $1.9 million, or $(0.15) per share. Despite a sequential decline in consumer market sales, the company saw growth in enterprise and automotive markets. Key operational achievements include a Tier 1 MNO 5G design win, a $4 million IoT order, an acquisition, and a strategic partnership. Airgain provided a positive outlook for Q2 2026, projecting sales of $13.5 million at the midpoint and non-GAAP net income per share of $0.01.
Key Highlights
- Q1 2026 sales were $11.5 million, down 5.0% sequentially and 4.2% year-over-year.
- GAAP net loss for Q1 was $1.9 million, or $(0.15) per share.
- Non-GAAP net loss for Q1 was $1.0 million, or $(0.08) per share.
- Secured a multi-year Tier 1 North American MNO 5G home connectivity design win.
- Received a $4 million follow-on IoT purchase order from a leading solutions provider.
- Acquired Nextivity's HPUE product line and entered a strategic partnership with Nextivity.
- Q2 2026 sales are projected to be $12.5 million to $14.5 million, with non-GAAP EPS of $0.01 at midpoint.
- Q1 enterprise sales increased $0.7 million sequentially, while consumer sales declined $1.7 million.