Gorilla Technology Q3 earnings just dropped—and it's a mixed bag. EPS came in at $0.24, missing estimates by 7.7%, but revenue hit $26.5M, up 32% YoY and beating consensus. The real story? Their $7B+ pipeline of AI and GPU infrastructure plays is lighting up across Asia, MENA, and the Americas. Cash position looks solid at $110.2M (up from $21.7M end of 2024), debt cut to $15.1M. Operating margins are getting squeezed though—cost of revenue jumped 57.3% to $16.6M. For 2026, they're guiding $137-200M in revenue. The question: can they convert that fat pipeline into actual profits, or is this another AI infrastructure play riding hype? Worth watching as 5G/AI deployments accelerate.

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