Airgain
Builds antennas, cellular-IoT devices and vehicle gateways for connected networks.
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Profile
Sells wireless antennas and integrated connectivity systems across consumer, enterprise and automotive markets. Its system-level expansion encompasses cellular-IoT devices, platform software, fleet products and vehicle-gateway capabilities.
Designs and engineers smart and embedded antenna technologies, then extends that foundation into integrated wireless systems. Its offerings include cellular-IoT edge devices, platform software, fleet connectivity products, vehicle-gateway capabilities and the AirgainConnect AC-HPUE antenna-modem.
Products serve consumer, enterprise and automotive markets, while company materials also place its technologies in carrier, residential, private, government and public-safety networks. The workforce is concentrated in the United States, with international representation.
Design-led thinking, testing and development underpin efforts to optimize integrated wireless solutions. The 2021 NimbeLink acquisition and the 2026 HPUE asset acquisition mark the shift from antenna components toward wireless-system solutions.
Company facts
Key statistics
Year to date +26.7% · Average volume (30d) 70.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| May 7, 2026 | Roth Capital | Target | $9 | |
| May 7, 2026 | Craig-Hallum | Target | $9 | |
| May 7, 2026 | Northland Securities | Target | $7 | $8.50 |
| Jan 21, 2026 | Lake Street | Target | $6 | |
| Jan 21, 2026 | RBC Capital | Target | $6 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.01 | $0.02 | +300.0% | $13.5M | $13.7M | +1.8% | −0.35% |
| May 6, 2026Q1 FY26 | −$0.08 | −$0.08 | 0.0% | $11.5M | $11.5M | +0.3% | +2.84% |
| Feb 26, 2026Q4 FY25 | −$0.01 | −$0.03 | −200.0% | $12.8M | $12.1M | −5.5% | −9.48% |
| Nov 12, 2025Q3 FY25 | $0.01 | $0.01 | 0.0% | $12.8M | $14.0M | +9.3% | −19.63% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $12.0M | $13.6M | $14.0M | $12.1M | $11.5M | $13.7M | |
| Gross profit | $5.2M | $5.8M | $6.1M | $5.4M | $5.0M | $5.8M | |
| Operating income | −$3.1M | −$2.0M | −$967.0K | −$2.4M | −$2.1M | −$1.7M | |
| Net income | −$1.5M | −$1.5M | −$964.0K | −$2.4M | −$1.9M | −$1.7M | |
| Diluted EPS | −$0.13 | −$0.12 | −$0.08 | −$0.21 | −$0.15 | −$0.13 | |
| Gross margin | 43.0% | 42.9% | 43.6% | 44.8% | 43.2% | 42.3% | |
| Operating margin | -25.8% | -14.7% | -6.9% | -20.0% | -18.4% | -12.3% |
Fiscal years (4-quarter sums)FY21 $64.3M · FY22 $75.9M · FY23 $56.0M · FY24 $60.6M · FY25 $51.8M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $7.6M · Total debt $4.5M · Total assets $46.8M · Shareholders' equity $29.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 12.68M · Float 10.32M · 81.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ameriprise Financial Inc | 708.0K | 5.59% | 13F | Jul 17, 2026 |
| Blair William & Co/IL | 645.0K | 5.09% | 13F | May 8, 2026 |
| Vanguard Capital Management LLC | 479.7K | 3.78% | 13F | May 15, 2026 |
| James K. Sims · director | 442.7K | 3.49% | Form 4 | Aug 4, 2026 |
| First Eagle Investment Management, LLC | 372.9K | 2.94% | 13F | May 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 1, 2026 | Jacob Suen | director, officer: President and CEO | −1,000 | $7.04 |
| May 13, 2026 | Jacob Suen | director, officer: President and CEO | −4,573 | $6.51 |
| May 13, 2026 | Michael Elbaz | officer: Chief Financial Officer | −3,787 | $6.77 |
| May 12, 2026 | Michael Elbaz | officer: Chief Financial Officer | −1,487 | $6.98 |
| May 1, 2026 | Jacob Suen | director, officer: President and CEO | −1,000 | $7.03 |
Peers
- Digi International
End-to-end LTE/5G router and cloud-management rival
- Semtech
Cellular IoT modules and rugged-router connectivity rival
- Inseego
5G FWA and cloud-managed wireless edge competitor
- Amphenol
Broad antenna-component rival across wireless applications
- Lantronix
Industrial LTE/5G gateway, router, and edge-management peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Airgain | $5.16 | −0.19% | $65.4M | — | 31.8 | 1.3 | +0.6% |
| Digi International | $75.34 | −0.56% | $2.86B | 60.1 | 24.7 | 5.6 | +29.0% |
| Semtech | $131.33 | +0.13% | $12.22B | 87.0 | 33.1 | 10.4 | +32.7% |
| Inseego | $4.40 | +0.23% | $71.6M | 32.8 | — | 0.4 | +9.4% |
| Amphenol | $158.44 | +0.46% | $194.49B | 39.4 | 26.9 | 6.7 | +55.0% |
| Lantronix | $5.40 | +0.65% | $239.5M | — | 23.0 | 2.0 | +8.0% |
| Median | 49.8 | 25.8 | 5.6 | +29.0% |







