Key Highlights

  • Three customers taped out chip designs with embedded Weebit ReRAM, with one first functional prototype already running software.
  • FY26 revenue guidance was upgraded to at least A$13.5 million, and cash was A$167 million at 30 June 2026.
  • The company raised A$15 million through a Share Purchase Plan, bringing total funds raised to A$102 million.

Weebit Nano Ltd (ASX:WBT) shares were priced at $2.66 during the trading session on 19 October 2026, down 7.64%. Weebit Nano develops ReRAM, a non-volatile memory technology that it licenses to semiconductor manufacturers and chip designers. On 31 July 2026, the company released its quarterly activities report and Appendix 4C for the quarter ended 30 June 2026 (Q4 FY26), covering customer tape-outs, licensing progress, technology transfers and fundraising. The price data relates only to the 19 October 2026 session and is separate from the release date.

Customer tape-outs and licensing

Three product customers taped out chip designs, meaning the designs were released to manufacturing, with embedded Weebit ReRAM intended for eventual mass production. Applications include smart battery management systems and cybersecurity, and one design is already demonstrating a functional prototype running software.

Licensing agreements with key customers were expanded to include additional technologies, products and domains, as customers requested activities with further business units and product teams. The company describes customer tape-out as one of its three main targets for 2026.

Technology transfer to Texas Instruments and onsemi

Technology transfer of the ReRAM IP to Texas Instruments and onsemi is progressing to schedule. Qualification at onsemi is about to commence following testing of demo chips made at its 300mm US fab, with the technology being integrated into its 65nm Treo platform.

The company states that, following tape-out and qualification, Weebit ReRAM will be integrated into TI’s advanced nodes for embedded processing semiconductors.

Financial position and guidance

Quarterly customer cash receipts were A$3.4 million, covering licensing fees and non-recurring engineering, and year-to-date receipts were A$20.1 million. Net cash used in operating activities was A$4.2 million for the quarter and A$17.8 million for the year. Cash was A$167 million at 30 June 2026.

Weebit raised A$15 million through a scaled-back Share Purchase Plan to existing shareholders, which brings total funds raised to A$102 million. In July the company upgraded FY26 revenue guidance to at least A$13.5 million, and it expects revenues to grow over FY27 as new licensing and design agreements are signed.

Customer and market detail from the report

The report describes Texas Instruments as a Tier-1 integrated device manufacturer and a major supplier to the automotive sector, with over 80,000 products and more than 100,000 customers. At onsemi, the ReRAM is being integrated into the Treo platform, a 65nm Bipolar-CMOS-DMOS process for intelligent power and sensing solutions in automotive, industrial and AI data centre markets.

The company also states that ReRAM is viewed as a replacement for embedded flash in next-generation chips and that it continues to progress engagements with foundries and integrated device manufacturers alongside expanding relationships with existing customers.

Sector backdrop

Embedded memory technologies are licensed to foundries and integrated device manufacturers, and adoption typically follows a long path from licensing to tape-out, qualification and volume production. The release says semiconductor revenue is expected to surpass US$1 trillion in 2026, and that capacity constraints have led foundries and manufacturers to prioritise revenue-generating wafers, which extends timelines for evaluating new technologies. The company also points to growing interest in memory for AI applications, including near-memory and in-memory computing.

Risks shareholders should weigh

The press release and the wider operating environment point to several considerations that shareholders may wish to weigh:

  • The company states that industry capacity constraints are extending evaluation timelines and causing some delays in securing new licensing agreements.
  • Tape-outs are an intermediate step: mass production of a first product is described as the most important milestone and has not yet been reached.
  • Net cash used in operating activities was A$17.8 million for the year, compared with customer receipts of A$20.1 million.
  • The company raised capital from existing shareholders during the quarter, which affects the number of shares on issue.
  • Revenue guidance is expressed as at least A$13.5 million and relies on the timing of new licence and design agreements.

What's next

The release states that technology transfers to Texas Instruments and onsemi are progressing to schedule and that qualification at onsemi is about to start. The company expects revenues to grow over FY27 as new agreements are signed and says it will host investor briefing sessions in Sydney and Melbourne in the week following the report. Further customer tape-outs and progress through manufacturing, testing and qualification are described as continuing.