Highlights

  • WBT shares rose 2.60% to $3.55 during the 22 September session, tracking a broad ASX tech rally.
  • The S&P/ASX 200 Info Tech index gained 3.56% in the session, well ahead of the broader S&P/ASX 200, which added 0.21%.
  • The move follows Weebit Nano's Q4 FY26 activities report, released on 31 July 2026, in which the company upgraded FY26 Revenue guidance to at least A$13.5 million.
  • Three customers have now taped out chip designs embedded with Weebit's ReRAM technology, with the first functional prototypes being tested.

Weebit Nano Ltd (ASX:WBT) shares traded higher during the 22 September session, up 2.60% to $3.55 as of 10:32am, part of a broad advance across the local technology sector. The S&P/ASX 200 Information Technology index (INDEXASX: XIJ) climbed 3.56%, or 57.40 points, to 1,671.20 during the session, well ahead of the benchmark S&P/ASX 200 (INDEXASX: XJO), which was up 0.21%, or 18.60 points, to 8,750.50 over the same period.

The strength across technology names has followed an artificial intelligence-powered rally on Wall Street, where major US indices posted sharp gains in the 21 September close. The Nasdaq Composite rose 599.55 points, or 2.26%, to 27,122.09, the S&P 500 added 114.20 points, or 1.49%, to 7,764.70, and the Dow Jones Industrial Average gained 366.19 points, or 0.71%, to 52,048.83.

Latest Development

The company's quarterly activities report for the quarter ended 30 June 2026, or Q4 FY26, released to the ASX on 31 July 2026, reported that licensing agreements with key customers had been expanded to include additional technologies and products, and that three customers had successfully taped out chip designs embedded with the company's ReRAM technology, with one already demonstrating a functional prototype running software.

The company also confirmed that technology transfer to Texas Instruments and onsemi was progressing to schedule, and disclosed that it had secured A$15 million via a strongly supported Share Purchase Plan to existing shareholders, taking total funds raised by the company to A$102 million. As a result of the quarter's progress, Weebit Nano upgraded its FY26 revenue guidance to at least A$13.5 million.

Chief executive Coby Hanoch described the tape-out milestone as significant progress toward what he characterised as the most important milestone for any new semiconductor technology, being mass production of a first product. He said multiple customer tape-outs further validated the Maturity of the company's ReRAM technology and its readiness for Volume production, while also reducing the risk profile for product companies looking to integrate the technology into next-generation designs.

The company noted that despite growth across the semiconductor industry, with revenue now expected to surpass US$1 trillion in 2026, capacity and resource constraints across foundries and integrated device manufacturers had extended timelines for evaluating and adopting new technologies, resulting in some delays in securing new licensing agreements, even as underlying Demand for the company's ReRAM intellectual property continued to grow.

Catalysts to Watch Out

Progress of the three customer chip designs that have taped out with embedded Weebit ReRAM through manufacturing, testing and qualification stages is a key milestone for the market to track, given its relevance to eventual mass production.

Continued technology transfer progress with Texas Instruments and onsemi, described by the company as on schedule, could support broader adoption of the ReRAM technology across additional foundry and IDM partners.

Delivery against the upgraded FY26 revenue guidance of at least A$13.5 million will be the next test following the Q4 FY26 update.

Growing interest in ReRAM technology for near-memory and in-memory computing applications, cited by management as increasingly relevant in the AI era, could support additional licensing agreements over time.

Risks and Uncertainty

The company itself noted that capacity and resource constraints across the semiconductor industry have extended timelines for evaluating and adopting new technologies, resulting in delays in securing some new licensing agreements.

As a semiconductor IP licensing business, Weebit Nano's revenue depends on customers successfully progressing from tape-out through manufacturing, testing and qualification to mass production, a process that can take considerable time and carries execution risk at each stage.

The company has raised a total of A$102 million in funding to date, and continued Investment in technology development and commercialisation carries funding risk should the pace of licensing revenue not scale as anticipated.

As an early-stage semiconductor technology company, WBT's share price can exhibit higher Volatility than larger, more established constituents of the ASX technology index.

The Bottom Line

WBT shares advanced on 22 September in line with a broad rally across ASX technology stocks, an extension of AI-driven strength on Wall Street that has particular resonance for a semiconductor IP developer. That move follows a Q4 FY26 update that showed upgraded revenue guidance, expanded licensing agreements, and progress from three customers taping out chip designs with the company's ReRAM technology. Manufacturing and qualification progress, technology transfer milestones, and delivery against guidance are likely to remain the key factors shaping the stock from here.