| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 13.70 | 19.0% | 0.6% |
| Total Income | 13.70 | 19.0% | 0.6% |
| Expenditure | 15.38 | 12.9% | 1.5% |
| PBT | -1.73 | 5.5% | 18.5% |
| Net Profit | -1.71 | 10.0% | 15.5% |
| OPM | -12.30% | 6.06pp | 2.38pp |
| NPM | -12.45% | 4.03pp | 1.63pp |
| EPS | -0.13 | 13.3% | 8.3% |
Airgain Reports Q2 2026 Financial Results
06 Aug 2026 · 6 Aug, 1:46 am
Summary
Airgain, Inc. announced its financial results for the second quarter ended June 30, 2026, highlighting strong sequential improvement with revenue increasing 19.1% to $13.7 million. The company reported a GAAP net loss of $1.7 million, or $(0.13) per share, but achieved non-GAAP net income of $0.3 million, or $0.02 per share, and positive adjusted EBITDA of $0.4 million. Management expressed optimism for continued sequential revenue growth and positive adjusted EBITDA in the third quarter, driven by demand in enterprise IoT and vehicle gateways, while acknowledging near-term supply constraints in the consumer business.
Key Highlights
- 1
Airgain reported sales of $13.7 million for the second quarter of 2026, a sequential increase of 19.1% from the first quarter.
- 2
The company achieved a GAAP gross margin of 42.3% and a non-GAAP gross margin of 43.6% in the second quarter of 2026.
- 3
Second quarter 2026 non-GAAP net income was $0.3 million, or $0.02 per share, with adjusted EBITDA of $0.4 million.
- 4
For the second quarter of 2026, Airgain reported a GAAP net loss of $1.7 million, or $(0.13) per share.
- 5
The company expects continued sequential revenue growth and positive adjusted EBITDA in the third quarter of 2026.
Management Comments
Jacob Suen
Airgain delivered strong sequential improvement in the second quarter, with revenue increasing 19% and adjusted EBITDA returning to positive territory. Our performance was led by growing demand for our IoT modem solutions and increasing contributions from our AirgainConnect portfolio, demonstrating the operating leverage in our model as revenue scales. We expect continued sequential revenue growth and positive adjusted EBITDA in the third quarter, driven by strength across enterprise IoT modems and vehicle gateways, while navigating near-term industry supply constraints in our consumer business. With new opportunities advancing across robotics, drones, data center monitoring, public safety, and enterprise network infrastructure, we look forward to building on this momentum through the second half of the year.
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