Airgain, Inc. (AIRG)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Airgain, Inc. (AIRG) trades at $6.35 with AI Score 36/100 (Grade D). Airgain, Inc. specializes in designing and engineering advanced antenna products for a variety of wireless applications. Market cap: $80.49M, Sector: Technology.
Price live · AI analysis from May 7, 2026AIRG stock analysis for 2026: Analysts have set a consensus price target of $6.00 for Airgain, Inc., suggesting 5.5% downside from the current price of $6.35. The AI MoonshotScore is 36/100, indicating a bearish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
AIRG: 1/1 perspectives are bearish.
How is this calculated? →Airgain, Inc. (AIRG) Technology Profile & Competitive Position
Airgain, Inc. is a technology company focused on designing and engineering advanced antenna solutions for wireless connectivity. Serving diverse markets like consumer, enterprise, and automotive, Airgain provides embedded antenna technologies that enable high-performance networking for original equipment manufacturers and service providers globally, with a market capitalization of $80.49M.
What Is the Investment Thesis for AIRG?
Airgain, Inc. presents a focused investment opportunity within the communication equipment sector, driven by the increasing demand for high-performance wireless connectivity solutions. The company's expertise in designing and engineering advanced antenna products positions it to capitalize on the growth in IoT devices, connected vehicles, and enterprise wireless networks. A key value driver is Airgain's ability to innovate and deliver customized antenna solutions that meet the specific needs of its diverse customer base. However, potential investors may want to evaluate the company's negative profit margin of -14.8% and negative free cash flow, indicating financial challenges that need to be addressed. The company's P/E ratio is 22.1. Successful execution of growth strategies, such as expanding into new markets and developing next-generation antenna technologies, will be critical for Airgain to achieve sustainable profitability and enhance shareholder value. Close monitoring of financial performance and market dynamics is essential for assessing the investment viability of Airgain, Inc.
Based on FMP financials and quantitative analysis
AIRG Key Highlights
- Market capitalization of $80.49M, reflecting its position as a smaller player in the communication equipment industry.
- P/E ratio of 22.1, suggesting investors are paying a premium for each dollar of earnings.
- Gross margin of 43.7%, indicating solid efficiency in production and cost management.
- Negative profit margin of -14.8%, highlighting ongoing challenges in achieving profitability.
- Beta of 0.97, indicating that the stock's volatility is slightly less than the overall market.
Who Are AIRG's Competitors?
AIRG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ONDS Ondas Holdings Inc. | $7.66 | +3.31% | $4.00B | 72 |
| CRDO Credo Technology Group Holding Ltd | $268.87 | +11.14% | $50.14B | 67 |
| ASTS AST SpaceMobile, Inc. | $80.64 | -5.27% | $32.81B | 66 |
| FIEE FIEE | $3.94 | -1.50% | $14.63M | 65 |
| VCRA Vocera Communications, Inc. | $79.13 | +0.00% | 52 | |
| ADTN ADTRAN Holdings, Inc. | $12.99 | +2.21% | $1.05B | 52 |
| TTLTF Total Telcom Inc. | $0.36 | +1.81% | $9.55M | 53 |
| BYLTF Baylin Technologies Inc. | $0.22 | -3.56% | $33.94M | 53 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are AIRG's Key Strengths?
- Expertise in antenna design and engineering.
- Diverse product portfolio catering to various markets.
- Strong relationships with key customers.
- Focus on customized antenna solutions.
What Are AIRG's Weaknesses?
- Negative profit margin.
- Negative free cash flow.
- Small market capitalization.
- Dependence on a limited number of key customers.
What Could Drive AIRG Stock Higher?
- Expansion into the IoT market, driven by the increasing demand for connected devices.
- Penetration of the automotive market, fueled by the growth of connected and autonomous vehicles.
- Development and launch of new 5G antenna solutions to capitalize on the deployment of 5G networks.
- Strategic partnerships and acquisitions to expand product portfolio and market reach.
What Are the Key Risks for AIRG?
- Financial-distress signal — its Altman Z-Score of 1.00 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-23.4%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Intense competition in the antenna market, with numerous players offering similar products and solutions.
- Rapid technological advancements that could render existing antenna technologies obsolete.
- Economic downturns affecting customer spending and demand for antenna products.
- Supply chain disruptions impacting the availability and cost of components.
What Are the Growth Opportunities for AIRG?
- Expansion into the IoT market: The Internet of Things (IoT) market is experiencing exponential growth, with billions of devices expected to be connected in the coming years. Airgain can capitalize on this trend by developing and marketing antenna solutions specifically designed for IoT applications, such as smart home devices, industrial sensors, and wearable technology. The global IoT market is projected to reach trillions of dollars by 2030, presenting a substantial opportunity for Airgain to increase its revenue and market share. Success depends on Airgain's ability to create antennas optimized for low power consumption and reliable connectivity in diverse IoT environments.
- Penetration of the automotive market: The automotive industry is undergoing a significant transformation with the rise of connected and autonomous vehicles. Airgain can leverage its expertise in antenna technology to provide solutions for vehicle-to-everything (V2X) communication, infotainment systems, and telematics. The automotive antenna market is expected to grow substantially as more vehicles become connected, offering Airgain a significant growth opportunity. To succeed, Airgain must develop antennas that meet the stringent requirements of the automotive industry, including durability, reliability, and performance in harsh environments.
- Development of 5G antenna solutions: The deployment of 5G networks is driving demand for advanced antenna solutions that can support higher frequencies and increased bandwidth. Airgain can capitalize on this trend by developing and marketing 5G-compatible antennas for mobile devices, base stations, and other wireless infrastructure. The 5G antenna market is expected to experience rapid growth in the coming years, providing Airgain with a significant opportunity to expand its product portfolio and increase its revenue. Airgain's success will depend on its ability to innovate and deliver antenna solutions that meet the evolving requirements of 5G technology.
- Strategic partnerships and acquisitions: Airgain can accelerate its growth by forming strategic partnerships with other technology companies or acquiring complementary businesses. Partnerships can provide access to new markets, technologies, and customers, while acquisitions can expand Airgain's product portfolio and increase its market share. By carefully selecting partners and acquisition targets, Airgain can enhance its competitive position and drive long-term growth. These partnerships can help Airgain expand its reach and accelerate innovation in antenna technology.
- Focus on customized antenna solutions: Airgain's ability to design and engineer customized antenna solutions for specific applications is a key differentiator. The company can leverage this strength by focusing on providing tailored solutions to customers in niche markets, such as public safety, healthcare, and industrial automation. By offering customized solutions, Airgain can command higher prices and build stronger relationships with its customers. This approach allows Airgain to address specific customer needs and create a competitive advantage in specialized markets, leading to increased revenue and profitability.
What Opportunities Does AIRG Have?
- Expansion into the IoT market.
- Penetration of the automotive market.
- Development of 5G antenna solutions.
- Strategic partnerships and acquisitions.
What Threats Does AIRG Face?
- Intense competition in the antenna market.
- Rapid technological advancements.
- Economic downturns affecting customer spending.
- Supply chain disruptions.
What Are AIRG's Competitive Advantages?
- Specialized expertise in antenna design and engineering.
- Strong relationships with key customers in various industries.
- Proprietary antenna technologies and intellectual property.
- Focus on customized antenna solutions for specific applications.
What Does AIRG Do?
Airgain, Inc., established in 1995 and headquartered in San Diego, California, specializes in the design, development, and engineering of advanced antenna products. Originally incorporated as AM Group, the company rebranded as Airgain, Inc. in 2004, marking a strategic shift towards becoming a leader in antenna technology. Airgain serves a global clientele, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), chipset vendors, service providers, value-added resellers, and software developers. The company's extensive product portfolio includes MaxBeam embedded antennas, profile embedded antennas, profile contour embedded antennas, ultra-embedded antennas, SmartMax embedded antennas, and MaxBeam carrier class antennas. Additionally, Airgain offers specialized antennas under the Antenna Plus brand, catering to automotive, fleet, public safety, and machine-to-machine (M2M) applications. These antenna solutions are designed to enhance wireless networking performance across a broad spectrum of devices and markets. Airgain's core competency lies in providing embedded antenna technologies that enable high-performance wireless connectivity in consumer electronics, enterprise solutions, and automotive applications. The company focuses on delivering innovative antenna designs that meet the evolving demands of wireless communication, ensuring reliable and efficient connectivity for its customers. With a commitment to engineering excellence and customer satisfaction, Airgain continues to strengthen its position as a key player in the antenna technology market.
What Products and Services Does AIRG Offer?
- Designs and develops embedded antenna products.
- Engineers antenna solutions for wireless networking.
- Provides antennas for original equipment manufacturers (OEMs).
- Offers antenna products for the automotive industry.
- Supplies antennas for enterprise wireless networks.
- Creates antenna solutions for IoT devices.
- Develops antennas for public safety applications.
How Does AIRG Make Money?
- Designs and sells antenna products to OEMs and ODMs.
- Provides antenna solutions for various vertical markets.
- Generates revenue through product sales and licensing agreements.
What Industry Does AIRG Operate In?
Airgain, Inc. operates within the communication equipment industry, a sector characterized by rapid technological advancements and increasing demand for wireless connectivity solutions. The proliferation of IoT devices, the expansion of 5G networks, and the growing adoption of connected vehicles are driving significant growth in the antenna market. Competition is intense, with numerous players offering a range of antenna products and solutions. Airgain differentiates itself through its focus on designing and engineering customized antenna solutions for specific applications and its expertise in embedded antenna technologies. The company's ability to innovate and adapt to evolving market demands will be crucial for maintaining its competitive edge in this dynamic industry.
Who Are AIRG's Key Customers?
- Original equipment manufacturers (OEMs)
- Original design manufacturers (ODMs)
- Chipset vendors
- Service providers
- Automotive manufacturers
Airgain, Inc. Financial Trajectory
Airgain, Inc. (AIRG) reported $11.5M in revenue for Q1 2026, a decline of 5.1% compared to the prior quarter. The company recorded a net loss of $1.9M, with diluted EPS of $-0.15. Revenue has contracted over three consecutive quarters, which investors in this micro-cap Technology stock should monitor closely. Across the four most recent quarters, AIRG averaged $-0.14 in diluted EPS.
Company Profile
Airgain, Inc. operates in the Communication Equipment industry within the Technology sector. It is headquartered in San Diego, US. The company is led by CEO Jacob Suen. AIRG has traded publicly since 2016.
How Airgain, Inc. Is Valued
Airgain, Inc. carries a market capitalization of $80.49M, placing it in the micro-cap category. Relative to its peer group, AIRG's quantitative score of 36/100 is below the peer average of 64/100.
ROE -23%Key Financial Metrics
Return on equity for Airgain, Inc. stands at -23.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -15.6%, showing how much profit it generates from its asset base. Its free cash flow yield is -1.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.07 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -8.1%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 2/9Financial Health
Airgain, Inc.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 1.00 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Airgain, Inc. revenue of about $56.8M for fiscal 2026, with EPS near $0.07. The estimate reflects 3 contributing analysts.
AIRG Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Airgain's future performance, indicating a positive outlook from leadership.
- Community sentiment has shifted positively, with discussions highlighting the company's innovative technologies in connectivity.
- Analysts have noted increasing demand for IoT solutions, which aligns well with Airgain's product offerings, reinforcing growth potential.
- Positive feedback from recent product launches has generated buzz, enhancing market perception and attracting interest from potential investors.
Bear Case
- Some analysts express concerns over Airgain's competitive landscape, noting that rivals are rapidly advancing in similar technology sectors.
- Recent earnings reports showed mixed results, leading to skepticism about the company's ability to sustain growth in a challenging market.
- Community discussions reflect apprehension regarding the company's scalability and market penetration, raising questions about long-term viability.
- Market sentiment remains cautious, with some investors worried about potential macroeconomic headwinds affecting the tech sector overall.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $12M | -$2M | -$0.15 |
| Q4 2025 | $12M | -$2M | -$0.21 |
| Q3 2025 | $14M | -$964,000 | -$0.08 |
| Q2 2025 | $14M | -$1M | -$0.12 |
Based on FMP financials and quantitative analysis
AIRG Latest News
No recent news available for AIRG.
AIRG Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for AIRG.
Price Targets
Consensus target: $6.00
AIRG MoonshotScore
What does this score mean?
The MoonshotScore rates AIRG's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Jacob Suen
CEO
Jacob Suen serves as the CEO of Airgain, Inc., bringing extensive experience in technology leadership and management. His background includes a strong focus on driving innovation and strategic growth within the wireless communication sector. Prior to joining Airgain, Suen held various leadership positions in technology companies, where he was responsible for overseeing product development, marketing, and sales initiatives. His expertise lies in identifying market opportunities and executing strategies to capitalize on emerging trends in the wireless industry. Suen's educational background includes advanced degrees in engineering and business administration.
Track Record: Under Jacob Suen's leadership, Airgain, Inc. has focused on expanding its product portfolio and strengthening its position in key markets, such as automotive and IoT. He has overseen the development of new antenna solutions that meet the evolving needs of customers in these sectors. Key milestones during his tenure include strategic partnerships with leading technology companies and the successful launch of innovative antenna products. Suen's leadership has been instrumental in driving Airgain's growth and enhancing its competitive advantage.
What Investors Ask About Airgain, Inc. (AIRG) — Technology
What does Airgain, Inc. do?
Airgain, Inc. specializes in designing, developing, and engineering advanced antenna products for a variety of wireless applications. The company serves original equipment manufacturers (OEMs), original design manufacturers (ODMs), chipset vendors, service providers, and other customers across diverse markets, including consumer electronics, enterprise solutions, and automotive. Airgain's core offerings include embedded antenna technologies that enable high-performance wireless networking in devices ranging from smartphones and laptops to connected vehicles and IoT devices. The company focuses on providing customized antenna solutions that meet the specific needs of its customers, ensuring reliable and efficient wireless connectivity.
What do analysts say about AIRG stock?
Analyst coverage of Airgain, Inc. is limited, given its small market capitalization. However, analysts generally view the company as a niche player in the antenna market with potential for growth in specific sectors, such as IoT and automotive. Key valuation metrics, such as the P/E ratio of 22.1, suggest that investors are paying a premium for the company's earnings. Growth considerations include Airgain's ability to successfully execute its expansion strategies, develop innovative antenna solutions, and maintain its competitive edge in a rapidly evolving market. Investors should carefully monitor the company's financial performance and market dynamics to assess its long-term growth potential.
What are the main risks for AIRG?
Airgain, Inc. faces several risks that could impact its financial performance and growth prospects. One of the primary risks is intense competition in the antenna market, with numerous players offering similar products and solutions. Rapid technological advancements could also render existing antenna technologies obsolete, requiring Airgain to continuously innovate and invest in research and development. Economic downturns could affect customer spending and demand for antenna products, particularly in discretionary markets such as consumer electronics. Additionally, supply chain disruptions could impact the availability and cost of components, affecting Airgain's ability to meet customer orders and maintain its profit margins.
What are the key factors to evaluate for AIRG?
Airgain, Inc. (AIRG) holds an AI score of 36/100 (low). P/E: 22.1x vs the S&P 500's ~20-25x. Analysts target $6.00 (-6%). Not financial advice.
How frequently does AIRG data refresh on this page?
AIRG prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven AIRG's recent stock price performance?
Airgain, Inc. (AIRG) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Expertise in antenna design and engineering. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider AIRG overvalued or undervalued right now?
Airgain, Inc. (AIRG) trades at 22.1x earnings. Analysts target $6.00 (-6%) — near fair value. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying AIRG?
Before investing in Airgain, Inc. (AIRG), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data may be outdated.
- Analyst coverage is limited due to the company's size.