Peraso (PRSO) Reports Q2 Loss, Beats Revenue Estimates

Core Insights - Peraso reported a quarterly loss of $0.28 per share, better than the Zacks Consensus Estimate of a loss of $0.44, and an improvement from a loss of $0.88 per share a year ago, resulting in an earnings surprise of +36.36% [1] - The company achieved revenues of $2.22 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 15.03%, although this represents a decline from $4.24 million in the same quarter last year [2] - Peraso has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates two times during the same period [2] Financial Performance - The stock has underperformed, losing approximately 26.2% since the beginning of the year, while the S&P 500 has gained 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.31 on revenues of $3.08 million, and for the current fiscal year, it is -$0.99 on revenues of $13.44 million [7] Industry Outlook - The Technology Services industry, to which Peraso belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of Peraso's stock may be influenced by the overall industry outlook, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]