Highlights

  • Weebit Nano (ASX:WBT) reported FY26 revenue of A$15.3 million, up 246% on the prior year.
  • Customer cash receipts reached A$6.1 million in the September 2026 quarter from licensing and engineering fees.
  • Cash balance stood at A$164.2 million at the end of September 2026.
  • The company reaffirmed guidance of at least A$7.1 million in revenue for H1 FY27.

Weebit Nano (ASX:WBT) Ltd develops Resistive RAM (ReRAM), a non-volatile memory technology designed for IoT, microcontroller, analog, power and secure integrated circuits.43, a rise of 2.53% during the session.

Company Business

Weebit Nano licenses its ReRAM technology to semiconductor foundries and integrated device manufacturers, and also works directly with product companies that embed the memory in their own chip designs. The business earns income through licensing fees, non-recurring engineering fees and, over time, royalties linked to production volumes. Its customer base in 2026 includes Texas Instruments, onsemi and foundry partner DB HiTek, alongside several product customers that have taped out designs using the technology. During the year, the company also established a US subsidiary to support customers in North America and secured a role in Korea's national compute-in-memory program.

Recent Development

In mid-October 2026, Weebit Nano (ASX:WBT) released its Q1 FY27 quarterly activities report. The company said a second existing customer had received its first fab samples and begun silicon validation, with the samples running software from integrated ReRAM. The customer is targeting production in calendar 2027, subject to successful validation.

The report also noted that onsemi had started qualification of Weebit ReRAM, while work with Texas Instruments was progressing as planned. DB HiTek continued to collaborate with the company following qualification of the technology, with the two preparing for high-volume manufacturing. Two new AI customers signed agreements to explore in-memory computing, which the company said met one of its key targets for calendar 2026.

Chief executive Coby Hanoch said that "having two customers successfully testing working samples is an important step towards mass production of our technology." He added that significant R&D work remains before a fully commercial in-memory computing solution is available.

Earlier, in late July 2026, the company reported that three product customers had taped out ReRAM-embedded designs targeting smart battery management and cybersecurity applications. It noted that testing and qualification ahead of mass production can take 12 to 18 months.

Financial Performance and Sector Context

For the year ended June 2026, Weebit Nano reported revenue of A$15.3 million, up 246% on the prior year. The statutory loss after tax was A$54.9 million, reflecting continued investment in research and development and commercial activity. No dividend was declared. Net tangible assets per share rose to 63.95 cents.

During FY26, the company raised A$102 million, comprising A$87 million from institutional placements and A$15 million from a share purchase plan priced at A$4.05 per share. The cash balance was A$164.2 million at the end of September 2026.

In the September 2026 quarter, customer cash receipts totalled A$6.1 million, made up of licensing and non-recurring engineering fees. The company also received A$3.7 million from a research and development tax rebate for its French subsidiary. Research and development cash payments for the quarter were A$3.7 million.

Weebit Nano (ASX:WBT) operates in the embedded non-volatile memory segment of the semiconductor industry, where foundries and device makers are seeking memory options for advanced process nodes. The company has said that capacity constraints at foundries and integrated device manufacturers have delayed some new licensing agreements, and that evaluations with several potential fab customers continue, with timing influenced by fab capacity.

Risks to Consider

Weebit Nano remains loss-making, and its revenue depends on a relatively small number of licensing and engineering agreements, which can make results uneven between periods. The path from tape-out to volume production involves lengthy testing and qualification, and customer timelines may shift. Royalty income depends on customers reaching mass production, which is not yet in place. Delays in new fab agreements linked to capacity constraints could affect the timing of revenue. The in-memory computing work remains at an early stage, and the company has acknowledged that significant R&D is still required. Results from AI customer studies were described as projections rather than commercial outcomes.

What to Watch Next

Investors following Weebit Nano (ASX:WBT) may look for progress on the following items over the coming months:

- Delivery against guidance of at least A$7.1 million in revenue for the first half of FY27.

- Completion of onsemi's qualification of Weebit ReRAM.

- Silicon validation outcomes from the second customer and production timing for calendar 2027.

- New licensing agreements with fabs and product companies, which the company expects during FY27.

- Further milestones with Texas Instruments and DB HiTek as technology transfer and manufacturing preparation continue.

Key Insights

Weebit Nano's 2026 announcements show a business moving from technology development towards commercial deployment. FY26 revenue rose sharply to A$15.3 million, and the company holds A$164.2 million in cash following capital raisings during the year. Two customers are now testing working samples, onsemi has begun qualification, and DB HiTek is preparing for high-volume manufacturing. The company continues to report losses, and the timing of new licences and production royalties remains subject to customer validation and fab capacity. Guidance for the first half of FY27 and progress on qualification are the next measurable markers for the company.