Q2 2026 Atomera Inc Earnings Call Transcript
Key Points
- Atomera Inc (ATOM) cleared a significant milestone with one of its two active Gate-All-Around customers, advancing toward potential license negotiations.
- The company established a new value proposition for 4F² DRAM, validated through customer discussions and a TCAD simulation study accepted for an IEEE conference.
- Atomera Inc (ATOM) opened a new market opportunity in NAND flash memory, where AI demand is driving the need for MST's planar periphery boost, potentially more than doubling its TAM.
- The company announced a technical breakthrough in GaN-on-silicon for RF devices, with data showing linearity roughly 1,000 times better than the reference, approaching RF-SOI performance.
- Atomera Inc (ATOM) generated real industry enthusiasm at the International Microwave Symposium, leading to several new potential customers evaluating MST GaN-on-silicon in their designs.
- The company's large IDM customer program is progressing according to plan, with new device-test data coming in and next experiments underway.
- Atomera Inc (ATOM) reported a GAAP net loss of $6.3 million in Q2 2026, wider than the $5 million loss in Q2 2025.
- The company's non-GAAP operating expenses increased to $5.1 million in Q2, up from $4.8 million in Q1, with expectations to hit the high end of the $18.5 million annual budget.
- Atomera Inc (ATOM) is experiencing cost increases in outsourced engineering, tool leases, metrology, and device fabrication due to rapid semiconductor industry growth.
- The company did not win the PowerAmerica program for GaN power device development, a disappointment despite its limited financial significance.
- The timeline for closing a Gate-All-Around license deal remains uncertain, with potential delays of up to nine months if further demonstrations are needed.
- The company's cash position decreased to $38.4 million as of June 30, 2026, from $41.1 million at the end of Q1, reflecting ongoing cash burn.
Hello, everyone. Welcome to Atomera's second-quarter 2026 update call.
I'd like to remind everyone that this call and webinar are being recorded. A replay will be available on Atomera's IR website for one year.
I'm Mike Bishop, with the company's Investor Relations.
As in prior quarters, we are using Zoom. We will follow traditional presentation format, with participants in a listen-only mode. We will open with prepared remarks from Scott Bibaud, Atomera's President and CEO; and Frank Laurencio, Atomera's CFO. Then, we will open the call to questions.
If you are joining by telephone, you may follow a slide presentation to accompany our remarks on the Events & Presentations section of our Investor Relations page on our website.
Before we begin, I would like to remind everyone that, during today's call, we will make forward-looking statements. These forward statements, whether in prepared remarks or during the Q&A, are subject to risks and uncertainties.
These risks and uncertainties are
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