Gorilla Technology’s shares fell 9.1% in pre-market trading after the AI infrastructure provider posted first-half results that missed profit expectations despite revenue nearly doubling.
The company, which trades under the ticker GRRR, reported H1 2026 revenue of $78.4 million, up 95% from $40.2 million in the same period last year. Q2 revenue reached $50.1 million, beating the company’s upgraded guidance. However, adjusted loss per share deepened to $0.58 from a $0.32 profit in H1 2025, missing analyst estimates.
The broader financial picture deteriorated further under IFRS accounting, with operating losses widening to $47.2 million from $9.1 million a year earlier. Adjusted EBITDA swung to a $14.6 million loss, compared with a $6.2 million profit in H1 2025. Heavy non-cash charges, including approximately $25 million in stock-based compensation, and elevated spending on AI data-center infrastructure contributed to the shortfall.
Despite the profit miss, Gorilla Technology raised its full-year 2026 revenue guidance to at least $200 million. The company also set an ambitious 2027 revenue target of $450–$500 million, reflecting confidence in its expanding AI data-center buildout. CEO Jay Chandan noted that testing on the Yotta Phase 1 AI data-center project has been completed.
The sell-off appeared company-specific, as major U.S. indices advanced. The NASDAQ rose 0.9%, the S&P 500 gained 0.5%, and the Dow Jones increased 0.6% in regular trading.
