Key highlights

  • Weebit Nano Ltd (ASX:WBT) shares closed at $2.66, down 7.64%, on 19 October 2026.
  • The 16 October 2026 Quarterly Report says a second customer has begun silicon validation, targeting production in calendar 2027.
  • Cash was $164.2 million at 30 September 2026, with customer cash receipts of $6.1 million in the quarter.

Weebit Nano Ltd (ASX:WBT) shares closed at $2.66, down 7.64% (−$0.22), on 19 October 2026. The company develops advanced memory technology for semiconductors, and on 16 October 2026 it released its quarterly activities report for the three months to 30 September 2026.

The closing price and change shown are a one-day movement. The information discussed in this article is drawn from an announcement dated 16 October 2026, which was released before the price quoted, so this article does not link the day’s share price movement to it.

Recent update

Weebit Nano released its Q1 FY27 report on 16 October 2026, covering the quarter ended 30 September 2026. Its main update is that a second existing customer received its first samples from the fab and has begun silicon validation, with the chip running software from the integrated Weebit ReRAM. The customer is targeting production in calendar 2027, subject to completing validation.

Other customer progress includes onsemi starting qualification of Weebit ReRAM during the quarter, continued work with DB HiTek following its qualification and work with Texas Instruments progressing as planned. The company says evaluations with several potential new fab customers continued, with timing influenced by fab capacity and engineering resources.

Weebit signed agreements with two new AI customers to explore in-memory computing applications, which it describes as achieving one of its calendar 2026 targets. It also reported results from a US-based customer’s study of ReRAM for an in-memory computing accelerator for harsh environments, with projections of over 80 times lower power consumption than a GPU implementation, about 280 times higher compute efficiency than an FPGA-based accelerator and inference latency falling from tens of milliseconds to below one millisecond. The company says significant Research and Development work remains before it has a commercial in-memory computing solution.

Financially, customer cash receipts were $6.1 million, comprising licensing and non-recurring engineering fees, and there was a $3.7 million French R&D tax rebate inflow. R&D cash payments were $3.7 million, payments to related parties were $398,000 and the cash balance was $164.2 million. Weebit reaffirmed Revenue guidance of at least A$7.1 million for the first half of FY27.

ReRAM, short for resistive random-access memory, is a type of non-volatile memory, meaning it retains data without power. The report’s customer news matters mainly for the path to production: a customer must receive samples from the fab, validate the silicon and then ramp production, and the company says its second customer is targeting production in calendar 2027 after completing validation.

The quarter’s cash figures show the pattern of a licensing business. Customer cash receipts of $6.1 million come from licensing and engineering fees, R&D cash payments were $3.7 million, and the company says the receipts may vary between quarters according to contractual milestones. The company will hold ‘Meet the CEO’ investor briefings in Melbourne and Sydney in the week after the report.

What the company does

Weebit Nano develops and licenses ReRAM, a type of non-volatile memory technology that can be embedded in semiconductor chips. It works with foundries and customers to integrate the technology, which is licensed for use in products and for which it earns licence and engineering fees.

The report describes applications across embedded memory in chips for different products and, increasingly, in-memory computing for AI, where data is processed directly within memory to reduce the energy needed to move it between memory and processors.

Risks

Production by customers is a target, and the second customer’s calendar 2027 timing depends on completing validation. Evaluations by potential new customers depend on fab capacity and engineering resources, and cash receipts vary between quarters with contractual milestones, so revenue recognition may differ from cash timing.

The AI results are projections from one customer study and the company says significant R&D remains. Revenue guidance of at least A$7.1 million for H1 FY27 is modest relative to the cash balance, and the company’s outcomes depend on customers moving from qualification to Volume production.

Next milestone

The next milestones are completion of the second customer’s silicon validation ahead of production targeted for calendar 2027, progress of onsemi’s qualification, and the company’s investor briefing sessions in Melbourne and Sydney the following week.