Highlights

  • A second Weebit Nano customer received first samples from the fab and began silicon validation during the September quarter.
  • Customer cash receipts reached A$6.1 million for the quarter, drawn from licensing and non-recurring engineering fees.
  • Weebit held A$164.2 million in cash at 30 September 2026 and reaffirmed first-half FY27 Revenue guidance.
  • onsemi started qualifying Weebit ReRAM, while DB HiTek continued preparing the technology for high-volume manufacturing.

Weebit Nano Limited (ASX:WBT) has moved a second customer chip into silicon validation, putting another product on the path towards production. In its report for the September 2026 quarter, released on 16 October 2026, the developer of resistive random-access memory, or ReRAM, said the customer had received its first samples from the fab and that the chip was operating well and running software from its integrated ReRAM.

That customer is targeting production in calendar 2027, subject to completing validation.

Customers Edge Closer to Production

Chief Executive Coby Hanoch said two customers now testing working samples marked a meaningful step towards mass production. In July, Weebit reported that three product customers had taped out chip designs with embedded ReRAM for uses including smart battery management and cybersecurity, and that mass production could follow within 12 to 18 months of further testing and qualification.

Foundry and device-maker partnerships also advanced. onsemi began qualification of Weebit ReRAM during the quarter, following its integration into onsemi's 65nm BCD Treo platform. DB HiTek, where the technology has already been qualified, continued preparing for high-volume manufacturing, and work with Texas Instruments progressed as planned. Evaluations with several potential new fab customers continued, with timing dependent on fab capacity and engineering resources.

Cash Receipts and Funding Position

Customer cash receipts for the quarter totalled A$6.1 million from licensing and non-recurring engineering fees. Weebit also received A$3.7 million relating to the 2025 Research and Development tax rebate for its French subsidiary, while R&D payments were A$3.7 million. Cash stood at A$164.2 million at 30 September 2026.

During FY26, the company raised about A$102 million, including roughly A$87 million from institutional placements and A$15 million through a share purchase plan. On 7 October 2026, Weebit rejected a radio comment suggesting its Bankruptcy risk had risen because of R&D spending. The company said it was not aware of any such analyst views, reaffirmed its financial strength and noted that Chairman Dadi Perlmutter and Coby Hanoch had recently bought shares.

AI Research Broadens the Pipeline

Weebit signed agreements with two new AI customers to analyse its in-memory computing technology, meeting one of its calendar 2026 targets. A US-based customer studied ReRAM for an in-memory computing accelerator designed for harsh environments, with projections pointing to more than 80 times lower power consumption than a GPU-based approach and inference latency below one millisecond. Management cautioned that significant R&D remains before a fully commercial solution exists.

Guidance and Next Milestones

The company reaffirmed revenue guidance of at least A$7.1 million for the first half of FY27, the six months to 31 December 2026. In July, management had upgraded FY26 revenue guidance to at least A$13.5 million and said revenue was expected to grow over FY27. Mass production of a first customer product remains the key milestone the company is targeting. Shares were priced at A$2.38 on 2 November 2026, up 0.42% on the day, with a Market Capitalisation of A$577.73 million.