Weebit Nano (WBT) Q2 2026 earnings summary

Executive summary

• Signed a landmark licensing agreement with Texas Instruments, marking the largest customer deal to date and validating the technology's competitiveness.

• Completed qualification with DB HiTek based on JEDEC standards, supporting readiness for high-volume manufacturing and moving closer to mass production, with product companies already designing with ReRAM.

• Established a US subsidiary to enhance North American sales and technical support, and signed a new agreement with a US-based product customer.

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

• Achieved another quarter of record cash inflow due to milestone achievements, but cautioned that such inflows are not expected every quarter.

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

• Expects mass production at DB HiTek within the year, pending internal procedures.

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

• AI product offering is under development, with a focus on in-memory computing and edge applications, and further details expected over the next year.

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