Peraso Inc Dossier
Qualitative Analysis
Business overview
Peraso Inc. (NASDAQ: PRSO) is a fabless semiconductor company headquartered in San Jose, California, specializing in the design, development, and sale of high-performance millimeter-wave (mmWave) wireless technology solutions. The company's product portfolio includes integrated circuits (ICs), antenna modules, software, and intellectual property (IP) targeting the unlicensed 60 GHz and licensed 5G frequency bands. These solutions enable multi-gigabit wireless links spanning up to 25 kilometers, serving diverse applications such as fixed wireless access (FWA), military and defense communications, factory automation, and immersive consumer video streaming (including AR/VR). Following a strategic pivot, Peraso has transitioned to a pure-play mmWave semiconductor company by discontinuing its legacy Bandwidth Engine memory IC line, which previously represented a significant portion of its revenue.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Discontinuing the legacy Memory IC product line due to foundry process termination to focus exclusively on high-performance 60 GHz unlicensed and 5G mmWave wireless technology.
Expected impact: Improves long-term gross margins and aligns the company's product portfolio with high-growth markets like Fixed Wireless Access (FWA) and tactical communications.
Taking active steps to diversify the company's supplier base following a significant Q1 2026 shipment delay caused by material shortages from an Asia-based supplier.
Expected impact: Reduces supply chain vulnerability, mitigates the risk of future shipment delays, and stabilizes product delivery schedules.
Exploring strategic alternatives, including a potential merger, sale of assets, or other business combinations, to maximize stockholder value and address going concern risks.
Expected impact: A potential transaction or strategic funding arrangement to secure the company's long-term financial viability.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Mobix Labs delivered a non-binding indication of interest to acquire Peraso in an all-stock transaction at a premium. The parties entered into a mutual confidentiality agreement in November 2025 and continue to conduct customary, confidential diligence.
Terms: Non-binding proposal for an all-stock transaction at a premium to Peraso's trading price; previously proposed cash offers included $1.30 per share in October 2025.
InTACT selected Peraso's 60 GHz mmWave technology for its next-generation Drone Identification Friend or Foe (IFF) system, marking Peraso's entry into the tactical communications and electronic warfare market.
Terms: Initial limited production shipments delivered in April 2026, with jointly-developed systems scheduled for further field trials in August 2026.
MikroTik launched its next-generation 60 GHz wireless nRay point-to-point product incorporating Peraso's mmWave modules, expanding Peraso's reach in the global Fixed Wireless Access (FWA) market.
Terms: Commercial product integration with incremental revenue expected from subsequent operator deployments.