AIRGAIN (AIRG) Company Report

Airgain has received a $4 million purchase order from a leading IoT solution provider.
Shipments for this order are expected to be completed within the next 12 months.
This order is a continuation of a multi-year relationship with a long-standing customer and reflects renewed deployment activity.
The company's IoT portfolio remains a core contributor to its business model, and this commitment supports improving demand trends within the IoT segment entering 2026.

6 days ago

Press Release

Airgain and Nextivity Form Strategic 4G/5G Alliance

AIRG

New Projects/Investments

Airgain has entered a strategic partnership with Nextivity to co-develop integrated 4G and 5G coverage solutions for challenging indoor and outdoor environments.
This collaboration combines Airgain’s Lighthouse™ 5G Intelligent Node platform with Nextivity’s intelligent repeaters to provide comprehensive, carrier-grade coverage-extension solutions.
For Airgain, a small-cap company facing revenue and margin challenges, this partnership represents a strategic move to broaden product offerings and market reach, addressing rising demand from mid-band 5G rollouts and network densification.

Mar 2, 2026, 6:37 AM

Morningstar

Airgain Reports Q4 and Full-Year 2025 Results, Provides Q1 2026 Outlook, and Updates on Strategic Platforms

AIRG

Earnings

Guidance Update

New Projects/Investments

Airgain reported Q4 2025 sales of $12.1 million and full-year 2025 sales of $51.8 million, representing a 15% decrease from the prior year, while non-GAAP gross margin improved to 44.6% for the full year. For Q1 2026, the company projects sales between $10.5 million and $12.5 million (midpoint $11.5 million) and non-GAAP EPS of -$0.07 at the midpoint.
The company acquired the HPUE product line from Nextivity, a non-cash acquisition expected to be adjusted EBITDA positive on day one, which strengthens its AirgainConnect vehicle gateway platform. The AirgainConnect pipeline has expanded to approximately 100 active opportunities, including 40 tier 1 and tier 2 engagements.
The Lighthouse infrastructure platform successfully completed two trials with a tier 1 U.S. mobile network operator and a major global tower operator, with revenue contributions expected in the second half of 2026. Additionally, the consumer business achieved $26.1 million in revenue for full-year 2025, a 20% increase over 2024, securing a multi-year, multi-million dollar design win with a tier one North America MNO.

Feb 26, 2026, 10:00 PM

Transcript

Airgain Reports Q4 and Full Year 2025 Results, Highlights Strategic Progress and Acquisition

AIRG

Earnings

Guidance Update

M&A

For the full year 2025, Airgain reported sales of $51.8 million, a 15% decrease year-over-year, with a non-GAAP gross margin of 44.6%, up 260 basis points from the prior year. Q4 2025 sales were $12.1 million, with a non-GAAP gross margin of 46.3% and non-GAAP EPS of -$0.03.
The company secured a multi-year, multi-million dollar embedded antenna design win for a 5G home connectivity platform with a Tier-1 North America MNO, expected to enter mass production later in 2026. Airgain also reported significant progress with its AirgainConnect vehicle gateway and Lighthouse infrastructure platforms, with the AirgainConnect pipeline approximately doubling to 100 active opportunities.
Airgain acquired the HPUE product line from Nextivity to enhance its AirgainConnect platform and strengthen its mission-critical connectivity offerings.
Looking ahead to 2026, the company anticipates modest growth in its consumer business, growth in the enterprise market driven by IoT and Lighthouse contributions, and a return to growth in the automotive market due to AirgainConnect. Higher value platform solutions are expected to support gross margin expansion in 2026 and beyond.

Feb 26, 2026, 10:00 PM

Transcript

Airgain Reports Q4 and Full Year 2025 Results, Provides Q1 2026 Outlook

AIRG

Earnings

Guidance Update

M&A

Airgain reported Q4 2025 sales of $12.1 million, which was at the low end of its guidance range, and full-year 2025 sales of $51.8 million, representing a 15% decrease compared to the prior year. The non-GAAP gross margin for Q4 2025 was 46.3%, and for the full year, it was 44.6%, an increase of 260 basis points year-over-year.
The consumer business was a strong performer in 2025, with revenue reaching $26.1 million for the full year, a 20% increase compared to 2024, driven by Wi-Fi 7 antenna shipments and new design wins with tier one mobile network operators. Conversely, enterprise sales for 2025 were $22.6 million, down 23% year-over-year, primarily due to excess inventory at a strategic IoT customer.
Airgain made significant progress with its strategic platforms, AirgainConnect and Lighthouse, expanding the AirgainConnect pipeline to approximately 100 active opportunities, including 40 tier 1 and tier 2 opportunities. The company also acquired the HPUE product line from Nextivity to enhance its AirgainConnect platform.
For the first quarter ending March 31, 2026, Airgain projects sales to range from $10.5 million to $12.5 million, with a midpoint of $11.5 million, and expects non-GAAP EPS to be -$0.07 at the midpoint of its guidance.

Feb 26, 2026, 10:00 PM

Transcript

Airgain Reports Fourth Quarter and Full Year 2025 Financial Results and Provides Q1 2026 Outlook

AIRG

Earnings

Guidance Update

M&A

Airgain reported Q4 2025 sales of $12.1 million and a GAAP net loss of $2.4 million or $(0.20) per share. For the full year 2025, sales were $51.8 million with a GAAP net loss of $6.4 million or ($0.54) per share.
In February 2026, the company acquired HPUE product line assets from Nextivity, which strengthens its system-level connectivity portfolio and vehicle gateway capabilities.
Operational highlights include the successful completion of Lighthouse trials with a Tier 1 U.S. mobile network operator and a global tower provider in Latin America, and the establishment of the company's first U.S. commercial integrator partnership to support Lighthouse deployments.
For the first quarter of 2026, Airgain anticipates sales to be in the range of $10.5 million to $12.5 million, with a GAAP net loss per share expected to be $(0.17) at the midpoint.

Feb 26, 2026, 9:06 PM

8-K

Airgain Reports Q4 and Full Year 2025 Financial Results and Provides Q1 2026 Outlook

AIRG

Earnings

Guidance Update

M&A

Airgain reported Q4 2025 revenue of $12.1 million and a full-year 2025 revenue of $51.8 million, with a GAAP net loss of $2.4 million (or $(0.20) per share) for Q4 2025 and $6.4 million (or $(0.54) per share) for the full year 2025.
Key operational highlights include the successful completion of Lighthouse trials with a Tier 1 U.S. mobile network operator and a global tower provider, and the expansion of the AirgainConnect opportunity pipeline.
In February 2026, Airgain strategically acquired the HPUE product line assets from Nextivity, strengthening its system-level connectivity portfolio.
For the first quarter of 2026, the company forecasts sales between $10.5 million and $12.5 million and a GAAP net loss per share of $(0.17) at the midpoint.

Feb 26, 2026, 9:05 PM

Press Release

Airgain Establishes First U.S. Commercial Integrator Partnership for Lighthouse™ Smart 5G NCR Deployments

AIRG

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

Airgain, Inc. has signed a commercial partnership agreement with a U.S. telecom systems integrator to support the rollout of its Lighthouse™ Smart 5G NCR.
This partnership represents the first of several system integrator relationships Airgain is establishing for the Lighthouse commercial launch.
The integrator provides Airgain with immediate market access through an active pipeline of over 2,000 qualified enterprise and commercial sites.
Lighthouse™ Smart 5G NCR is a compact, network-controlled repeater designed for cost-effective, high-performance 5G coverage across indoor and outdoor environments, without requiring fiber backhaul.

Dec 10, 2025, 2:39 PM

Press Release

Airgain Reports Q3 2025 Results with Sequential Revenue Growth and Positive Adjusted EBITDA

AIRG

Earnings

Guidance Update

New Projects/Investments

Airgain reported Q3 2025 revenue of $14 million, marking its third consecutive quarter of sequential revenue growth, with a non-GAAP gross margin of 44.4% and positive adjusted EBITDA of $0.3 million.
The company achieved non-GAAP net income of $0.1 million, or $0.01 per share, in Q3 2025, compared to a loss in the prior quarter.
Key growth platforms, Airgain Connect and Lighthouse, reached significant milestones, including T-Mobile T-Priority certification for Airgain Connect and FCC certification for Lighthouse, with multiple trials and design wins progressing.
Airgain secured a new design win with a Tier 1 US carrier for a Wi-Fi 7 fiber broadband gateway, targeted for commercial launch in the second half of 2026, with projected shipments exceeding 5 million units within five years.
For Q4 2025, Airgain expects revenue between $12 million and $14 million (midpoint $13 million), representing a sequential decline of approximately 7%, but anticipates positive adjusted EBITDA of approximately $0.1 million.

Nov 12, 2025, 10:00 PM

Transcript

Airgain Reports Third Quarter 2025 Financial Results and Provides Q4 2025 Outlook

AIRG

Earnings

Guidance Update

Product Launch

Airgain, Inc. reported sales of $14.0 million for Q3 2025, marking its third consecutive quarter of sequential revenue growth.
The company achieved positive Adjusted EBITDA of $0.3 million and Non-GAAP net income of $0.1 million or $0.01 per share in Q3 2025.
Key operational highlights include FCC certification for Lighthouse™ 5G Smart Network Controlled Repeater and T-Mobile T-Priority certification for AirgainConnect® AC-Fleet™, which are critical milestones for expanding opportunities.
For Q4 2025, Airgain anticipates sales between $12.0 million and $14.0 million and expects Non-GAAP net income per share to be break even at the midpoint.