Weebit Nano (WBT) Q2 2026 earnings summary

Executive summary

• Licensed ReRAM technology to Texas Instruments, marking the largest customer agreement to date and a major commercial milestone.

• Achieved technology qualification at DB HiTek based on JEDEC standards, supporting readiness for high-volume manufacturing.

• Signed a new agreement with a US-based product customer and established a US subsidiary to support North American sales.

• Appointed Gideon Intrater as VP of Systems and AI to advance AI offerings, with initial solutions expected later this year.

• Presented at major industry events, increasing market awareness and engagement.

Financial highlights

• Q2 FY26 customer cash receipts totaled A$8.5 million, reflecting strong licensing and milestone payments.

• R&D expenses for Q2 FY26 were A$11.4 million, including A$8.1 million paid to CEA-Leti for milestone achievements.

• Cash and cash equivalents at 31 December 2025 were A$82.7 million, supporting ongoing growth and R&D.

• FY26 revenue guidance set at a minimum of A$10 million, more than doubling FY25 revenue of A$4.4 million.

Outlook and guidance

• FY26 revenue expected to exceed A$10 million, driven by new licensing, design agreements, and milestone payments.

• Additional foundry and IDM agreements are progressing, with further deals anticipated in 2026.

• Industry shift to ReRAM is accelerating, positioning the company for significant growth opportunities.