Gorilla Tech reports Q2 revenue above updated guidance

Gorilla Tech Gr (NASDAQ: GRRR ) reported second-quarter financial results on Monday.

The transcript from the company's second-quarter earnings call has been provided below.

This transcript is brought to you APIs.

For real-time access to our entire catalog, please visit for a consultation.

View the webcast at Summary Gorilla Tech Gr reported a 99% year-over-year revenue growth in the first half of 2026, with Q2 revenues reaching over $50.1 million, exceeding their updated guidance.

The company significantly reduced its operating loss by 95% from Q1 to Q2 and improved cash efficiency, with operating cash consumption declining 65% year-over-year.

Future guidance projects revenues of $48-$50 million for Q3, $60-$70 million for Q4, and at least $200 million for the full year of 2026, with a target of $450-$500 million for 2027.

Strategic initiatives include substantial investments in infrastructure, with multiple site preparations underway and significant expansion in international projects, such as YOTA Phases 1 and 2, and Nutra DC.

Management emphasized disciplined capital management, maintaining delivery schedules, and a strong focus on execution to achieve ambitious growth targets.

Full Transcript OPERATOR Thank you for standing by.

This is the conference operator.

Welcome to the Gorilla Tech Gr First Quarter 2026 Financial Results Conference Call.

As a reminder, all participants are in listen-only mode and the conference is being recorded.

After the presentation, there will be an opportunity to ask questions.

To join the question queue, you may press star, then one on your telephone keypad.

Should you need assistance during the conference call, you may signal an operator by pressing star and zero.

Before we begin, we would like to read the forward-looking statement.

Today's call includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

These statements reflect management's current expectations and projections about future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially.

Forward-looking statements often include terms such as expects, believes, plans, anticipates, may, should, and similar expressions.

For a discussion of important factors that could affect Gorilla Tech Gr's results, please refer to our filings with the SEC, including the most recent Annual Report on Form 20-F.

Except as required by law, Gorilla Tech Gr undertakes no obligation to update or revise any forward-looking statements made on this call, whether as a result of new information, future events, or otherwise.

I would now like to turn the conference over to Jay Chanden, Chairman and Chief Executive Officer, and Bruce Bauer, Chief Financial Officer.

Please go ahead.

Jay Chanden, Chairman and Chief Executive Officer Thank you very much.

Good afternoon everyone and thank you for joining us.

Now, the first half of 2026 marks for me a very decisive step forward for Gorilla Tech Gr.

The revenue increased 99%, nearly 100% year on year, grew about $78.4 million, effectively doubling in the first 12 months.

But more importantly, the momentum strengthened as the half progressed.

Now Q2 revenues reached well over $50.1 million, which was a net increase of roughly 78% from Q1 and 138% from Q2 last year.

Now, we had originally expected, as we had promised to the market, about $33 million, which we upgraded to $44.

We've exceeded that by another 6 point to nearly 14%, which principally means that all the deliverables and certain milestones were completed earlier than anticipated.

Personally, that's what execution looks like.

Now the challenge we also had is that the operating performance and progression at the same time was also equally significant.

Our reported operating loss narrowed from $41.1 million in Q1 to approximately $2.2 million in Q2, which was a reduction of 95%.

A substantial part of the first quarter result was share-based compensation that has already been recognized and more than 80% of the H1 share-based compensation was observed in the Q1 itself, and the quarterly charge declined by approximately—what—about 78% in Q2.