Atomera reported a wider net loss for the third quarter of 2026 and an increased cash balance compared with year-end 2025, alongside updates on customer work in advanced logic and memory and a new development agreement targeting RF gallium nitride technology.
The semiconductor materials and technology licensing company said it had three customer engagements related to gate-all-around transistors, demonstrated a lower-cost approach to next-generation DRAM transistors using its technology, and signed a joint development agreement with IQE focused on RF GaN.
Financial results and cash
- Atomera’s third-quarter net loss was $6.0 million, or 15 cents per share, compared with a $5.6 million loss, or 17 cents per share, in the year-earlier quarter.
- Adjusted EBITDA, a non-GAAP measure, was a loss of $4.6 million, versus a $4.4 million loss a year earlier.
- Cash, cash equivalents and short-term investments totaled $34.8 million at Sept. 30, up from $19.2 million at Dec. 31, 2025.
- The company had 39.1 million shares outstanding at Sept. 30.
Technology and commercial developments
- Atomera said its gate-all-around customer engagements increased to three. Its work on nanoscale diffusion blocking has also attracted interest from designers of next-generation memory solutions, according to CEO Scott Bibaud.
- The agreement with IQE is intended to advance high-performance, cost-effective RF GaN. IQE supplies compound-semiconductor wafers; the companies described the agreement as a step toward commercializing Atomera’s GaN-on-silicon solutions.
- Atomera said it demonstrated a simpler, lower-cost way to enable next-generation DRAM transistors using its MST technology.
What changes for investors
The results show ongoing losses, with both net loss and adjusted EBITDA loss higher than a year earlier. The larger cash balance provides a snapshot of the company’s available cash and short-term investments, while the customer and development updates point to work across advanced logic, memory and RF applications. The company did not provide revenue figures in the results information included here.