S&P/ASX 300 Index (ASX: XKO) tech stock Weebit Nano Ltd (ASX: WBT) has delivered some smashing gains over the past 12 months.
In early afternoon trade on Monday, shares in the semiconductor memory technology company are changing hands for $5.62 apiece.
This sees the Weebit Nano share price up a very impressive 148.7% over the last year, racing ahead of the 1.3% 12-month gains delivered by the benchmark index.
And looking ahead, Investor Pulse's Mark Elzayed believes the stock is well-placed to keep outperforming (courtesy of The Bull).
Here's why.
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Should I buy the ASX 300 tech stock today?
"Weebit Nano develops advanced semiconductor memory technology," Elzayed noted late last week.
Commenting on his bullish outlook for the ASX 300 tech stock, he said:
Licensing deals with Texas Instruments and onsemi have contributed to company performance. Revenue guidance of $10 million in full year 2026 and a recent capital raising of $102 million fortifies the balance sheet for artificial intelligence and research development.
Indeed, in a market announcement out just this morning, Weebit Nano again upgraded its full year revenue guidance.
According to the release:
Based on unaudited numbers, the company now expects revenue to be at least A$13.5 million, replacing previous guidance of "at least A$12 million". The increased revenue guidance is mainly attributable to the expansion of customer projects.
Summarising his buy recommendation on Weebit Nano shares, Elzayed concluded:
The shift towards a recurring royalty model generates long term operating leverage. Momentum and news flow are positive, although the multi-year path from licence to royalty income remains the key execution risk.
What's the latest from Weebit Nano?
The ASX 300 tech stock reported its third quarter (Q3 FY 2026) results on 30 April.
Commenting on the company's upgraded full year revenue guidance at the time, Weebit Nano CEO Coby Hanoch said, "It's been an important quarter for Weebit Nano as we made the strategic decision to significantly strengthen our balance sheet to accelerate our growth ambitions."
Hatch noted:
Our technology was selected for a Korean National Compute-in-Memory program, we secured two new revenue-generating agreements, and continued to make strong technical progress with onsemi and Texas Instruments.
As for the recent capital raising the Elzayed mentioned above, Hatch said:
The added capital from our recent raise enables us to widen the gap between ourselves and competitors and have undisputedly the best ReRAM in the market. As the only independent provider of qualified ReRAM, we have a once-in-a-generation opportunity to take share as adoption shifts from niche to mainstream.
