Gorilla Technology management is targeting $450 million to $500 million in revenue for 2027, with improved margins.
- The London-headquartered provider of AI-powered security, network and data-center solutions reported first-half 2026 revenue of $78.4 million, up 99% from $39.3 million a year earlier.
- Adjusted loss per share, however, came in at $0.58 for H1, missing estimates by a wide margin, and compared to a profit of $0.32 recorded in the corresponding half of 2025.
- On the earnings call, CEO Jay Chandan said testing on the Yotta Phase 1 project, one of the company’s major AI data-center builds, is finished.
Shares of Gorilla Technology (GRRR) fell about 9% in after-hours trading on Monday after the company reported sharply higher first-half revenue but continued losses, and outlined ambitious growth targets that depend on successfully deploying large AI infrastructure projects.
First-Half Results And Raised Guidance
The London-headquartered provider of AI-powered security, network and data-center solutions reported first-half 2026 revenue of $78.4 million, up 99% from $39.3 million a year earlier. Second-quarter revenue hit $50.1 million, rising 78% from the prior quarter and 138% from the year-ago period. The company said it exceeded its own upgraded second-quarter target as deliverables and milestones on contracted programs were completed earlier than expected.
Adjusted loss per share, however, came in at $0.58 for H1, missing estimates by a wide margin, and compared to a profit of $0.32 recorded in the corresponding half of 2025. Heavy non-cash items, especially stock-based compensation of ~$25 million, plus ongoing infrastructure spending, weighed on profitability.
The company, however, lifted its full-year 2026 revenue outlook to at least $200 million. It now plans $48 million to $50 million for the third quarter and is targeting around $60 million to $70 million for the fourth quarter.
Looking ahead, management targeted $450 million to $500 million in revenue for 2027, with improved margins. Chairman and CEO Jay Chandan said growth hinges on capacity installation, project commissioning and converting demand into contracts. “We’re not expecting the calendars to produce the growth for us,” he said. “Our answer to all this will be execution.”
Project Updates
On the earnings call, CEO Jay Chandan said testing for the Yotta Phase 1 project, one of the company’s major AI data center builds, is complete. Equipment is arriving, and installation has started.
Gorilla is working on several sites at the same time. This includes a large facility in Indonesia and the nearby island of Batam that will offer about 200 megawatts of computing power, with the first services expected to go live in mid-2027. Progress is also moving forward at a campus in Thailand, where the land has already been cleared.
CFO Bruce Bower added that once these GPU-as-a-service projects are running, a model where the company rents out powerful computer chips used for AI work, they should produce profit margins of 75% or higher. That would help strengthen results in the second half of this year and beyond, he added.
How Did GRRR Retail Traders React?
On Stocktwits, retail sentiment around GRRR stock remained in ‘extremely bullish’ territory over the past 24 hours, while message volume was ‘extremely high.’
A Stocktwits user pinned the selloff to the stock “hitting close to the overbought territory.”
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Another highlighted concern about an upcoming dilution, adding that AI projects require “a ton of upfront capital.”
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GRRR stock has gained about 45% year-to-date.
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