Peraso Inc. announced its financial results for the third quarter ended September 30, 2025. The company reported total net revenue of $3.2 million, an increase from $2.2 million in the prior quarter, but down from $3.8 million in the same quarter a year ago. Product revenue for the third quarter was $3.1 million, compared to $2.2 million in the prior quarter and $3.8 million in the same quarter last year. The sequential revenue increase was primarily attributed to a continued ramp in shipments of mmWave products, with mmWave product revenue increasing 35% sequentially to a quarterly record. During the quarter, Peraso secured multiple design wins, including a collaboration with WeLink and a $0.9 million order from a new OEM customer for fixed wireless access equipment. The company also completed initial field trials with a lead customer in the tactical communications market.