Guerrilla RF Inc (OTCQX: GUER) is a fabless semiconductor company that designs and sells radio frequency integrated circuits and components for wireless infrastructure, automotive, and catalog end markets. Revenue is transactional, generated by selling discrete and integrated RF devices, including low-noise amplifiers, power amplifiers, switches, and front-end modules, to OEMs, tier-1 suppliers, and chipset vendors. The company competes against Qorvo, NXP Semiconductors, Skyworks Solutions, and MACOM Technology Solutions. Founded in 2013 and headquartered in Greensboro, North Carolina, Guerrilla RF operates as a fabless model, outsourcing wafer fabrication to subcontractors certified to ISO 9001, IATF 16949, and ISO 14001 standards. Gross profit margin reached 65.3% in FY2025, up from 63.7% in FY2024, driven by product mix and pricing. Operating loss narrowed to $4.7 million in FY2025 from $8.8 million in FY2024. The company reported an operating expense ratio of 85.8% of revenues in FY2025, down from 107.3% in FY2024.

Revenue model

Transactional product sales of RF semiconductor devices across three segments: wireless infrastructure, automotive, and catalog markets. Product contribution margins were 75.1% in FY2025 (up from 74.8% in FY2024). No subscription or licensing revenue model is described in the filing.

Products and services

Low-noise amplifiers (LNAs), linear driver amplifiers, power amplifiers (PAs), switches, and front-end modules. Products span wireless infrastructure RF solutions covering frequency bands below 7 GHz, automotive RF connectivity components meeting AEC-Q101 standards, and a standard RF catalog portfolio serving wireless audio, defense, two-way radios, test and measurement, cellular repeaters, wireless backhaul, RFID, IoT, SatCom, GPS, and ISM broadband applications.

Customers and end markets

Automotive OEMs, tier-1 automotive suppliers, chipset vendors, and wireless infrastructure OEMs. End markets include 5G wireless infrastructure (sub-7 GHz and mMIMO), automotive connectivity, satellite communication, defense and first responder communications, IoT, RFID, GPS, and industrial/scientific/medical broadband. Product life cycles in wireless infrastructure and automotive can range from 5 to 10 years per the FY2025 10-K.

Value-chain role

Fabless semiconductor designer. Guerrilla RF handles product design, development, and sales while outsourcing wafer fabrication to third-party subcontractors. The company sits between foundry partners and OEM or tier-1 customers in the supply chain.

Geographic exposure

The filing identifies the principal office as Greensboro, North Carolina. The company supplies wireless infrastructure OEMs worldwide, but specific geographic revenue breakdowns are not disclosed in the excerpts provided.

Competitors

Qorvo Inc., NXP Semiconductors N.V., Skyworks Solutions Inc., MACOM Technology Solutions Inc.

Source: SEC 10-K, filed 2026-03-26

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