The Weebit Nano Ltd (ASX: WBT) share price is in focus today after the company delivered record revenue of $15.3 million for FY26, up 246% from the prior year, and announced new agreements with major semiconductor players such as Texas Instruments.
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What did Weebit Nano report?
- Revenue rose to $15.3 million, up from $4.4 million in FY25.
- Statutory loss after tax increased to $54.9 million (FY25: $38.4 million).
- No dividends declared for the period.
- Net tangible assets per share improved to 63.95 cents (FY25: 43.04 cents).
- Cash balance at 30 June 2026 was $168.3 million, significantly up on the previous year.
What else do investors need to know?
Weebit Nano strengthened its commercial position in FY26 by licensing its ReRAM (Resistive RAM) technology to Texas Instruments, its largest ever customer, and expanded agreements with other key customers. The company also achieved industry-standard technology qualification at foundry partner DB HiTek and demonstrated working chips in collaboration with onsemi.
During the year, the company broadened its leadership team and built up its balance sheet, raising $102 million through capital initiatives. Weebit also established a US subsidiary to support its growing customer base and adoption in North America, and secured a role in Korea's national In-Memory Compute program, signalling growing recognition for its technology in AI and embedded computing markets.
What did Weebit Nano management say?
Weebit Nano CEO Coby Hanoch said:
Weebit Nano solidified our first mover advantage in embedded ReRAM, delivering significant commercial and technical progress that move us closer to mass production and sets us further apart from competitors… I'm incredibly proud of the world-class team Weebit Nano has built.
What's next for Weebit Nano?
Looking ahead, Weebit Nano expects continued revenue growth, with at least $7.1 million anticipated in 1H FY27. Management is focusing on supporting customers as they move toward mass production and entering the royalty revenue phase. The group will continue expanding its technology into advanced nodes and invest further in AI-related R&D, especially as demand for efficient memory solutions rises in dynamic markets like AI and automotive.
The company notes ongoing strategic efforts to secure new licensing deals, with an expectation of multiple new agreements over FY27. Weebit Nano's strong cash position is set to support R&D, commercialisation and new product development.
Weebit Nano share price snapshot
Over the past 12 months, Weebit Nano shares have risen 37%, outpacing the All Ordinaries Index (ASX: XAO).
