Gorilla Technology Group Inc. shares fell 9.1% in pre-market trading after the AI infrastructure provider reported a sharp widening of losses in the first half of 2026 despite strong revenue growth.
The company, which trades under the ticker GRRR, closed at $15.83 on Monday, down 1.43% for the session, and slipped a further 1.45% in after-hours trading. First-half revenue surged 97% year-over-year to $78.4 million, while second-quarter revenue reached $50.1 million, exceeding the company’s revised guidance.
Profitability metrics deteriorated significantly. Adjusted diluted loss per share widened to $0.58 in the first half from a profit of $0.32 in the same period of 2025. Under IFRS accounting, the operating loss deepened to approximately $47.2 million from $9.1 million a year earlier. Adjusted EBITDA swung from a $6.2 million gain in the first half of 2025 to a $14.6 million loss in 2026.
The declines were driven primarily by non-cash charges, including roughly $25 million in stock-based compensation, and elevated infrastructure spending linked to the expansion of the company’s artificial intelligence data centers. CEO Jay Chandan noted that Phase 1 testing of the Yotta AI data center project has been completed, signaling continued investment in growth initiatives.
In response to the earnings release, management raised its full-year 2026 revenue guidance to at least $200 million and set a target range of $450–500 million for 2027. The company’s financial performance contrasts with broader market gains, as the NASDAQ advanced 0.9%, the S&P 500 rose 0.5%, and the Dow Jones gained 0.6% during the session.
