Guerrilla RF Reports Record Third Quarter 2026 Results
Business Wire•02/11/2026•08:00 ET
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Key Highlights
- ➤Revenue $10.1 million, up 61% year over year, sets quarterly record
- ➤Aerospace and Defense revenue $4.1 million, up 259% year over year
- ➤Operating income reaches $2.4 million versus prior-year $0.2 million loss
- ➤Adjusted EBITDA $2.9 million, or 28.5% of revenue
- ➤Product backlog hits record $16.2 million, up 19% from June 30
Expert Statements
Ryan Pratt, Founder and CEO of Guerrilla RF
“Our record third-quarter results reflect strong momentum with our growth and profitability initiatives that are driving consistent increases in revenue, operating income and margins and cash flow”
Ryan Pratt, Founder and CEO of Guerrilla RF
“Third quarter revenue increased 61% year over year to $10.1 million, gross margin expanded approximately 416 basis points to 71.7%, and Adjusted EBITDA increased to $2.9 million from $0.3 million in the prior-year quarter.”
Ryan Pratt, Founder and CEO of Guerrilla RF
“The significant momentum in our business is also demonstrated by our record quarter-end product backlog of $16.2 million.”
Ryan Pratt, Founder and CEO of Guerrilla RF
“Aerospace & Defense continues to be a standout market for the Company, as revenues from this market grew 259% year over year and represented approximately 40% of total revenue in the quarter, up from 18% in the prior year period and 28% in the 2026 second quarter.”
Ryan Pratt, Founder and CEO of Guerrilla RF
“Demand across drone, satellite communications and tactical communications programs continues to drive our growing penetration of this market.”
Ryan Pratt, Founder and CEO of Guerrilla RF
“In addition, our continued innovation in gallium nitride (GaN) technology is opening up another attractive growth channel for Guerrilla RF as we expect our growing GaN portfolio to become an increasingly meaningful contributor to revenue beginning in 2027.”
Ryan Pratt, Founder and CEO of Guerrilla RF
“Given the breadth of the growth opportunities we are executing against, we entered the fourth quarter with increasing confidence in our ability to sustain high-margin growth and increasing cash generation going forward.”
Mike John-Williams, CFO of Guerrilla RF
“Our third quarter results demonstrate the operating leverage and scalability of our model, with significant revenue growth translating into strong operating income and Adjusted EBITDA.”
Mike John-Williams, CFO of Guerrilla RF
“We have increasing confidence that, as we scale, revenue can continue to grow faster than the cost base required to support that growth.”
Mike John-Williams, CFO of Guerrilla RF
“As a result, we expect a meaningful share of incremental revenue to convert into higher earnings and cash flow.”
Mike John-Williams, CFO of Guerrilla RF
“We believe this positions us to increasingly fund our product roadmap and continued expansion in Aerospace and Defense from internally generated cash while continuing to strengthen the balance sheet.”
Record Quarterly Revenue of $10.1 Million, Up 61% YoY, Led by Aerospace & Defense
Gross Margin Increases to 71.7%; Operating Income Rises to $2.4 Million
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