Key Highlights

  • Second-quarter 2026 Revenue was $158,000, up from $11,000 in the first quarter and nil a year earlier.
  • The net loss was $6.3 million, or $0.17 per share, and operating expenses were $6.9 million.
  • Cash, cash equivalents and short-term investments totalled $38.4 million at 30 June 2026, up from $19.2 million at 31 December 2025.

The latest results

Atomera Incorporated (NASDAQ:ATOM), a semiconductor materials and technology licensing company, reported second-quarter 2026 results on 4 August 2026. No third-quarter results or release date had been announced at the time of writing, so the second-quarter release is the most recent available.

Revenue for the quarter ended 30 June 2026 was $158,000, up from $11,000 in the first quarter and nil in the second quarter of 2025, so a year-on-year percentage is not meaningful. Six-month revenue was $169,000, against $4,000 a year earlier. The scale of revenue remains very small relative to the company's costs.

Costs and losses

Operating expenses were $6.9 million, up about 33 per cent from $5.2 million in the second quarter of 2025. The net loss was $6.3 million, or $0.17 per share, compared with a $5.0 million loss, or $0.17 per share, a year earlier.

The loss per share was unchanged even though the net loss was larger, which reflects a higher share count. Shares outstanding were 39.0 million at 30 June 2026. Adjusted EBITDA, a non-GAAP measure, was a loss of $5.0 million compared with a loss of $4.0 million. The net loss for the first six months was $12.4 million.

The net loss itself grew by about 26 per cent year on year, more slowly than operating expenses. At the first-half average of $6.2 million a quarter, the period-end cash and investments equal roughly six quarters of losses.

Cash position

Cash, cash equivalents and short-term investments totalled $38.4 million at 30 June 2026, up from $19.2 million at 31 December 2025. Short-term investments were $23.2 million, compared with none at the end of 2025.

The company reported a net loss in each period, so the increase in cash must have come from financing activity rather than operations. The release does not describe the source, and the Cash Flow Statement in the quarterly filing would give that detail. It also does not give a cash burn figure or any third-quarter guidance.

Technology and customer commentary

Atomera announced what it called a new approach to GaN-on-silicon that addresses a key performance barrier for radio-frequency applications. It also reported continued progress with gate-all-around customers and growing interest from DRAM and flash memory providers. GaN means gallium nitride, a compound semiconductor material, and gate-all-around describes an advanced transistor structure.

Chief executive Scott Bibaud said the company made progress with customer engagements across its key target markets, and that its results with RF GaN on silicon have the potential to enable an entirely new class of RF devices.

Those statements describe management's views and potential, not contracted revenue. The release does not quantify any licence agreements arising from them, so the commercial significance remains to be demonstrated. With revenue this small, single payments can move quarterly figures materially, as the swing from the first quarter to the second shows, so quarter-to-quarter comparisons should be read cautiously.

What to watch

Readers may wish to watch whether revenue, which rose from $11,000 to $158,000 between the first and second quarters, continues to build, how operating expenses develop against the 33 per cent year-on-year increase, and whether further customer engagements are converted into licences.