Gorilla Technology Group Inc. shares slid 9.1% in pre-market trading on Tuesday after the AI infrastructure firm reported a wider-than-expected loss for the first half of 2026 despite revenue nearly doubling.
The company posted first-half revenue of $78.4 million, up 96% year-over-year, and second-quarter revenue of $50.1 million, exceeding its upgraded guidance. However, adjusted earnings per share fell to a loss of $0.58, missing analyst expectations and reversing a $0.32 profit in the same period last year.
Gorilla’s IFRS operating loss widened to $47.2 million in H1 2026 from $9.1 million a year earlier, while adjusted EBITDA swung to a loss of $14.6 million compared with a positive $6.2 million in H1 2025. The company attributed the shortfall to approximately $25 million in stock-based compensation and elevated infrastructure spending tied to its expanding AI data-center buildout.
Management raised its full-year 2026 revenue guidance to at least $200 million and set a 2027 target of $450–$500 million. CEO Jay Chandan noted that testing on the Yotta Phase 1 AI data-center project has been completed, signaling progress in the company’s growth strategy.
The stock’s decline contrasted with broader market gains, with the NASDAQ up 0.9%, the S&P 500 rising 0.5%, and the Dow Jones gaining 0.6%.
Shares of Gorilla Technology, listed under ticker GRR, were down 7.98% at the time of reporting.
