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Gorilla Technology Sinks 11% Despite Doubling Revenue and Raising Guidance
Gorilla Technology Group shares fell 11% to $14.06 early Tuesday despite reporting first-half 2026 revenue of $78.4 million, up 99% year over year, and raising its full-year 2026 revenue outlook to at least $200 million. The company also guided 2027 revenue to $450 million to $500 million, which is 16% to 29% above Wall Street consensus of $386.7 million. The drop stands out because peers BigBear.ai, Evolv Technologies, Ambarella, and Palantir Technologies were all higher or flat, and the Invesco QQQ Trust ETF rose 0.8%. Gorilla reported an adjusted loss per share of $0.58 for the first half, compared with a $0.32 profit a year earlier, and adjusted EBITDA swung to a loss of $14.6 million from positive $6.2 million. The company's growth path depends on installing capacity across Indonesia, Batam, and Thailand on schedule, with first services from a roughly 200-megawatt facility expected in mid-2027.