Key Highlights

  • Third quarter net loss was $6.0 million, or $0.15 per share, compared with $5.6 million, or $0.17.
  • Adjusted EBITDA came in at a loss of $4.6 million, versus a loss of $4.4 million.
  • Cash, cash equivalents and short-term investments totaled $34.8 million, up from $19.2 million at year-end.
  • Gate-all-around engagements rose to three customers.
  • A joint development agreement was signed with IQE for RF GaN.

Wider net loss, narrower per-share loss

Atomera (NASDAQ:ATOM), a semiconductor materials and technology licensing company based in Los Gatos, California, released third quarter 2026 results on October 29, 2026. The company recorded a net loss of $6.0 million, or $0.15 per basic and diluted share, versus a net loss of $5.6 million, or $0.17, in the third quarter of 2025.

Adjusted EBITDA, a non-GAAP figure that strips out interest, depreciation, amortization and stock-based compensation, was a loss of $4.6 million compared with a loss of $4.4 million.

The per-share loss shrank even though the dollar loss grew, because the share count was higher. On a calculated basis, the loss per share implies roughly 40 million weighted shares this year against about 33 million last year. Total shares outstanding stood at 39.1 million on September 30, 2026.

Cash balance climbs to $34.8 million

At September 30, 2026, the company held $34.8 million in cash, cash equivalents and short-term investments, compared with $19.2 million on December 31, 2025. That represents a rise of $15.6 million on a calculated basis across nine months.

The safe harbor language in the release states that the company has so far recognized only minimal engineering services and licensing revenues, and that it may need to raise Capital as required to pursue development and commercialization of its technology.

Atomera describes itself as an early-stage enterprise whose model relies on licensees and joint development customers moving to royalty-based Manufacturing and distribution licenses.

Three customers now engaged in gate-all-around

Chief Executive Scott Bibaud said the quarter widened customer engagements across advanced logic and memory, areas where artificial intelligence keeps pushing Demand for higher transistor performance. Interest in the company's nano-scale diffusion blocking work for gate-all-around transistors has come from foundries working in that architecture and from designers of next-generation memory.

The company also showed what it called a simpler, lower-cost route to next-generation DRAM transistors using its Mears Silicon Technology, or MST. MST is designed to lift performance and power efficiency in transistors and can run on equipment already installed in semiconductor fabrication plants.

Mr. Bibaud added that work in the company's traditional Business is gaining momentum.

IQE deal opens a GaN-on-silicon route

Atomera entered a joint development agreement with IQE, a compound semiconductor wafer supplier, aimed at bringing high-performance, cost-effective RF gallium nitride technology to market. Mr. Bibaud described the deal as an important step toward commercializing the company's GaN-on-silicon solutions.

The company held a live video webinar on October 29, 2026 at 2:00 p.m. Pacific Time to discuss the results and progress.

Investors will likely focus on whether the three gate-all-around engagements convert into license agreements, how the IQE joint development agreement advances, and how the company funds operations given a quarterly net loss of $6.0 million.

The release presents adjusted EBITDA in a reconciliation table that removes interest, depreciation, amortization and stock-based compensation from the net loss. Because Atomera licenses its technology rather than manufacturing chips, progress depends on partners adopting MST in their own production processes.