Airgain, Inc. announced a multi‑year, multi‑million‑dollar embedded antenna design contract for a next‑generation 5G home connectivity platform being developed by a major North American mobile network operator. The agreement covers antenna systems for a 5G fixed‑wireless‑access router and a companion in‑home Wi‑Fi extender, providing the company with recurring revenue from design and supply of the embedded antennas.
The win is a key milestone in Airgain’s transformation strategy. It demonstrates the company’s ability to secure large, long‑term contracts in the higher‑margin systems space and supports its goal of moving from a component supplier to a systems provider. The contract builds on a previous Wi‑Fi 7 design win with a Tier‑1 North American operator, underscoring growing momentum in the consumer broadband segment.
Airgain’s Q4 2024 sales totaled $15.1 million, a 49.8% year‑over‑year increase, while the company reported a GAAP net loss of $2.0 million. The new contract represents a substantial portion of quarterly revenue and introduces a recurring revenue stream that will help offset near‑term profitability challenges and support future investment in higher‑value platforms such as AirgainConnect Fleet and Lighthouse.
Despite the positive announcement, Airgain’s shares slipped on February 23, 2026. Investors were cautious ahead of an earnings report expected to show falling revenue and a year‑over‑year loss, and the stock had already declined more than 22% over the past 12 months. The market reaction reflected broader concerns about the company’s financial trajectory rather than a rejection of the design win itself.
Jacob Suen, Airgain’s president and CEO, said that wins like this enable the company to fund and accelerate the development of next‑generation platforms, including AirgainConnect Fleet and Lighthouse, and to expand into higher‑value mobility, public‑safety, and enterprise connectivity markets. Brian Makarowski, VP of Product and Marketing, noted that as mobile network operators accelerate 5G and hybrid access deployments, antenna performance becomes a critical differentiator for both outdoor and in‑home connectivity.
The contract strengthens Airgain’s relationship with a Tier‑1 North American operator and builds on its Wi‑Fi 7 win, signaling momentum in high‑volume consumer broadband platforms. However, the broader financial concerns highlighted by the market reaction indicate that while the contract is a positive milestone, it may not fully offset near‑term revenue and profitability challenges.
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