Gorilla Technology Group Inc. (NASDAQ:GRRR) stock fell in premarket trading Tuesday after the company issued 2027 revenue guidance below analyst estimates, even as first-half results topped expectations.
The company reported a first-half 2026 adjusted loss of 58 cents per share, better than the consensus loss of $1. Revenue of $78.4 million beat the $43.64 million estimate.
Revenue Growth Accelerates
First-half revenue nearly doubled from a year earlier. Second-quarter revenue rose 138% year over year to $50.1 million, driven by AI infrastructure and data-center programs.
Gorilla also cited continued deliveries in security intelligence, network intelligence and smart-city projects in Egypt, Taiwan and Thailand.
The company had initially targeted about $33 million in quarterly revenue. It later raised that goal to $44 million and ultimately exceeded the revised target by about $6 million, or nearly 14%.
Gorilla’s operating loss narrowed to about $2.2 million in the second quarter from $41.1 million in the first quarter. However, adjusted EBITDA swung to a loss of $14.6 million from a profit of $6.2 million a year earlier.
Operating cash consumption fell 65% to $4.3 million in the first half from $12.5 million a year earlier. Cash rose by about $79.8 million during the period, ending June at roughly $179.4 million.
Data-Center Expansion Continues
Gorilla invested more than $14.1 million in property and equipment in the first half, bringing total investment to about $29.4 million.
The company said gross margins were pressured by hardware deployments and project mobilization. However, it expects margins to improve as utilization rises and revenue shifts toward compute, monitoring and managed services.
Gorilla said YOTA Phase 1 testing is complete, with deliveries and deployment underway. Phase 2 equipment is being manufactured and is expected to be ready within 25 to 30 days.
In Batam, Indonesia, the company is targeting 200 megawatts of additional capacity. Initial capacity is expected by mid-2027, with broader deployment planned in the second half of 2027.
In Korat, Thailand, land clearing is complete. Financing, GPU procurement, infrastructure work and customer contracting are underway.
Guidance Trails Street View
Gorilla expects third-quarter revenue of $48 million to $50 million, above its prior outlook of $36 million to $40 million. However, that still trails the $84.57 million estimate.
The company expects full-year 2026 revenue to exceed $200 million, above the $190.90 million estimate and compared with its earlier outlook of $137 million to $200 million.
For 2027, Gorilla expects revenue of $450 million to $500 million, below the $559.99 million estimate.
Management did not issue 2027 gross-margin guidance. However, it said margins could exceed 40%, with YOTA 1, YOTA 2 and Nutra DC averaging about 75%.
The company also said it plans to use more project financing and debt to fund future expansion and capital spending.
GRRR Price Action: Gorilla Tech shares were down 10.04% at $14.24 during premarket trading on Tuesday, according to Benzinga Pro data.
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