| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 11.51 | 4.2% |
| Total Income | 11.51 | 4.2% |
| Expenditure | 13.62 | 9.9% |
| PBT | -1.83 | 20.4% |
| Net Profit | -1.90 | 22.6% |
| OPM | -18.36% | 7.42pp |
| NPM | -16.48% | 3.61pp |
| EPS | -0.15 | 15.4% |
Airgain Reports Q1 2026 Sales of $11.5 Million
07 May 2026 · 7 May, 1:48 am
Summary
Airgain, Inc. reported sales of $11.5 million for the first quarter of 2026, compared to $12.0 million in the first quarter of 2025. The GAAP gross margin was 43.2%. GAAP net loss was $1.9 million, or $(0.15) per share. The company expects sales to be in the range of $12.5 million and $14.5 million for the second quarter of 2026, with a GAAP gross margin between 41.6% and 44.6%.
Key Highlights
- 1
Airgain reported first quarter sales of $11.5 million.
- 2
GAAP gross margin was 43.2% for the first quarter of 2026.
- 3
GAAP net loss for the first quarter of 2026 was $1.9 million, or $(0.15) per share.
- 4
The company secured a multi-year Tier 1 North American MNO design win for a next-generation 5G home connectivity platform.
- 5
Airgain received a $4 million follow-on IoT order from a leading solutions provider.
- 6
Sales are expected to be in the range of $12.5 million and $14.5 million for the second quarter of 2026.
- 7
GAAP gross margin is expected to be in the range of 41.6% to 44.6% for the second quarter of 2026.
Management Comments
Jacob Suen
The first quarter marked a solid start to 2026 as we began converting the strategic groundwork we laid last year into broader commercial momentum across the business. During the quarter, we secured a multi-year Tier 1 North American MNO design win for a next-generation 5G home connectivity platform, received a $4 million follow-on IoT order from a leading solutions provider, expanded our IoT presence in robotics through a new design win with Coco Robotics. We also expanded our AirgainConnect offering with the acquisition of the HPUE product line and entered a strategic partnership with Nextivity to advance integrated 4G and 5G coverage solutions. These developments reflect growing validation of Airgain’s connectivity portfolio across the consumer, enterprise IoT, automotive, and infrastructure market applications. While first quarter revenue reflected seasonal dynamics in the consumer market, we were encouraged by the sequential growth in the enterprise and automotive markets and the continued progress in our growth platforms”.
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