AIRG Nasdaq Earnings call
Airgain Inc. (AIRG) · Q2 2026 results
Share price: $3.85 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 5 Aug 2026 and 6 May 2026
Net loss narrowed on the previous quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Loss narrowed
Net income vs Q1 2026
Outlook given
Net income -1.7M vs -1.9M
Revenue +19.0%
Net income -1.7M vs -1.5M in Q2 2025 and -1.9M last quarter.
2 · How management spoke
Typical
More upbeat than 52% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Guidance
AIRG now expects consumer revenue to decline sequentially in Q3, reflecting a weaker outlook from backlog and customer forecasts.
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: free cash flow and profit were negative in the last full year and on average over the last three, so there is nothing to discount.
Current price
$3.85
close of 2026-11-11
Revenue growth, 3 years
−12.0% a year
compound annual rate (CAGR)
Free cash flow 2023
−$0.0B
Free cash flow 2024
−$0.0B
Free cash flow 2025
−$0.0B
Read between the lines
-
Guidance
AIRG expects pre-production samples during Q3, setting a key production timeline.
Source quote
“And we expect pre production samples during Q3.”
-
Figure
AIRG consumer sales fell $1.7 million sequentially to $5.6 billion, primarily due to seasonal impact, suggesting the decline is temporary.
Source quote
“Consumer sales came in at $5.6 billion, sequentially down $1.7 million, primarily due to seasonal impact.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Deliver our Q3 outlook convert more customer programs into revenue and expand adjusted EBITDA through gross margin improvement and disciplined growth.”
“Our Q3 outlook reflects continued sequential growth and improved profitability.”
“This win extend the Skywire platform into the growing data center connectivity market and create a reference point for similar opportunities.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 13.7M | 11.5M | +19.0% | 13.6M | +0.6% |
| Gross profit | 5.8M | 5.0M | +16.4% | 5.8M | −0.9% |
| Operating income | -1.7M | -2.1M | Loss narrowed | -2.0M | Loss narrowed |
| Net income | -1.7M | -1.9M | Loss narrowed | -1.5M | Loss widened |
| EPS | -0.13 | -0.15 | Loss narrowed | -0.12 | Loss widened |
| P/E | 12-mo loss | 12-mo loss | — | 12-mo loss | — |
Topics
Most discussed now
- New Going to help them save a lot of these content instead of paying multiple data plan they can consolidate.
- Airgain added MegaFi and MegaFi both FirstNet trusted solutions that use high power technology designed for demanding coverage environments.
- Sequentially, Q2 sales increased $2.2 million or 19% driven by growth across all Airgain's markets.
- Automotive sales were $1.2 million up $300 thousand sequentially reflecting higher sales of AirgainConnect vehicle gateways.
- Non GAAP operating expenses were $5.7 million down $400 thousand sequentially and down $800 thousand or 12% year over year...
Faded since Q1 2026
- Dropped In Q1, that transformation showed up through customer wins, expanded platform capabilities and deeper commercial engagements across…
- Fading Some customers need a fully integrated vehicle gateway.
- Fading This acquisition expands Airgain's portfolio and strengthens its vehicle gateway capabilities across public safety, utility and enterprise…
- Fading Airgain is now working with them on their sales team to identify several potential customers that would be able to...
Latest announcements
Official filings, newest first.
- Director or officer change · SEC 8-K
- Results of operations · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K