Key highlights

  • Weebit Nano Ltd (ASX:WBT) closed at $2.55 on 20 October 2026, down 4.14%.
  • The shares are down approximately 34.45% over the past year.
  • Weebit’s report of 16 October 2026 said a second customer began silicon validation and closing cash was $164.2 million.

Shares in Weebit Nano Ltd (ASX:WBT) closed at $2.55 on 20 October 2026, fell 4.14% on the day from a previous close of about $2.6601.

Over the past 12 months the stock lost approximately 34.45%. Working back from the closing price, a 12-month change of approximately -34.45% implies a share price of about $3.89 a year earlier. The annual decline is much larger than the move in a single session, which is a reminder of how far a stock can travel over a year.

In dollar terms, the 12-month move amounts to about $1.34 per share, from roughly $3.89 to $2.55, while the move during the 20 October session was about 11.0 cents per share. The two figures measure different time frames and are reported here on their own terms.

About Weebit Nano

Weebit Nano Ltd develops ReRAM, a form of non-volatile memory that it licenses to semiconductor manufacturers and chip designers. Its technology is being qualified in several Manufacturing processes, including with DB HiTek, onsemi and Texas Instruments.

Latest development

The share price figures above are not linked here to the company’s report. On 16 October 2026 Weebit released its quarterly activities report for the quarter ended 30 September 2026 (Q1 FY27). A second customer began silicon validation, with samples successfully running software from integrated Weebit ReRAM, and the customer is targeting production in calendar year 2027, subject to completing validation.

The company said onsemi began qualification, and that work continued with DB HiTek and Texas Instruments. It signed agreements with two new AI customers to explore in-memory computing applications, achieving a calendar 2026 target, and reported positive analysis results from an AI customer evaluating Weebit ReRAM for next-generation AI computing. It cautioned that significant R&D work remains before a fully commercial in-memory computing solution.

Customer cash receipts were $6.1 million in the quarter, and the closing cash balance was $164.2 million.

Sector context

Embedded memory suppliers license technology to chipmakers, and Revenue depends on customers moving from validation to production, a process that takes years and depends on foundry schedules. AI computing has created interest in memory architectures that bring processing closer to the data.

Semiconductor intellectual property companies typically earn licence fees, followed by royalties once customers reach Volume production.

Risks

Production by the second customer is targeted for 2027 and is subject to completing validation, so revenue from royalties is some way off. Customer cash receipts of $6.1 million are small relative to the company’s cash spending.

The company noted that significant R&D remains before an in-memory computing solution is commercial, and its share price has fallen approximately 34.45% over the year.

Share price movements add a separate layer of uncertainty. The stock’s one-day move of -4.14% on 20 October 2026 and its 12-month change of approximately -34.45% show how far the share price can move, and past movements do not indicate future direction.

Catalysts to watch

Items to watch include validation results from the second customer, qualification at onsemi, DB HiTek and Texas Instruments, further AI customer agreements and quarterly cash receipts and cash balance.