Key Highlights

  • Second quarter 2026 Revenue came in at USD 50.1 million, up 78% sequentially and 138% year over year, which lifted first half revenue to USD 78.4 million.
  • The raised third quarter outlook now runs from USD 48 million to USD 50 million, compared with USD 36 million to USD 40 million previously.
  • Full year 2026 revenue is now guided to at least USD 200 million, up from USD 160 million, while the 2027 goal sits between USD 450 million and USD 500 million.
  • Cash and equivalents reached USD 179.4 million on June 30, 2026, which compares with USD 99.5 million at year end, while borrowings were about USD 73.2 million.

Raised Third Quarter Outlook Sets the Bar for Gorilla Technology Group Inc. (NASDAQ:GRRR)

The November 16, 2026 release from Gorilla Technology Group Inc. (NASDAQ:GRRR) will cover the September quarter. The company guided that period to roughly USD 48 million to USD 50 million, a range close to the USD 50.1 million booked in the second quarter, which itself rose 138% from a year earlier. First half revenue reached USD 78.4 million compared with USD 39.3 million, a gain of 99.3%.

Gross Margin Squeeze and Stock-Based Pay at Gorilla Technology Group Inc. (NASDAQ:GRRR)

For the first half at Gorilla Technology Group Inc. (NASDAQ:GRRR), Gross Profit fell to USD 3.8 million from USD 13.4 million, implying a calculated gross margin of about 4.9% against roughly 34.2% a year earlier. The IFRS operating loss reached USD 47.2 million, and the net loss hit USD 46.9 million, or USD 1.74 per share, versus USD 0.43 a year before. Stock-based compensation of USD 25.4 million was a major factor, while adjusted EBITDA came to a negative USD 14.6 million. Jay Chandan, the chief executive, said the company has moved into a different phase of scale and that the share-based charge mostly relates to services rendered before 2025 and will not recur. On an adjusted basis, Gorilla Technology Group Inc. (NASDAQ:GRRR) still posted a loss for the period.

Cash Build, Borrowings and Derivative Exposure at Gorilla Technology Group Inc. (NASDAQ:GRRR)

At June 30, 2026, Gorilla Technology Group Inc. (NASDAQ:GRRR) reported total Assets of USD 389.9 million, total liabilities of USD 219.0 million and Equity of USD 170.9 million. Cash of USD 179.4 million sat against USD 10.2 million of current borrowings and USD 63.0 million of long-term borrowings, plus a derivative Liability of USD 48.2 million. Bruce Bower, the chief financial officer, noted that cash usage relative to revenue dropped to 5.5% from 31.8%. Project schedules, a climb back in margins from a low starting point and the Working Capital needed to carry the build all count as risks for Gorilla Technology Group Inc. (NASDAQ:GRRR).

Where Things Stand

Gorilla Technology Group Inc. (NASDAQ:GRRR) heads into its November 16, 2026 report after moving its revenue outlook higher. Guidance now calls for USD 48 million to USD 50 million of third quarter revenue and at least USD 200 million for the full year. First half gross margin of about 4.9%, a figure we calculated from reported numbers, shows the profitability gap management says must narrow. Cash at USD 179.4 million on June 30, 2026 gives room for capital spending, and property and equipment climbed to USD 29.4 million from USD 15.7 million. The release should show whether revenue arrived at the guided pace and whether margins moved closer to the 2027 target.