Aeluma, Inc. (NASDAQ: ALMU) reported its second‑quarter fiscal 2026 results, posting revenue of $1.27 million, which fell short of the consensus estimate of $1.43 million. The company recorded a GAAP net loss of $0.11 per share, while its non‑GAAP earnings per share of $0.07 exceeded analyst expectations by $0.12.
Revenue growth was driven by a surge in demand from data‑center, automotive, and defense customers, and the company has begun taking sales orders, a milestone that signals progress toward commercialization. Management highlighted that the quarter marked another big step forward as the company gears up for commercialization, ramping engagements across target markets and increasing visibility at a major industry conference.
Aeluma reaffirmed its full‑year 2026 revenue guidance of $4.0 million to $6.0 million, unchanged from prior guidance, and reported a cash balance of $38.6 million, providing a substantial runway for continued investment in product development and foundry partnerships.
CEO Jonathan Klamkin noted that the company continued to increase operations with foundry partners and is delighted with the performance, quality, and yield of wafers being tested at Aeluma's facility. He added that relationships with customers and partners are strengthening and that the appointment of Bouch Nessar as Senior Vice President of Business Development and Product will accelerate the go‑to‑market plan. The IP portfolio now includes 35 issued and pending patents, with the latest application related to large‑scale manufacturing of high‑performance semiconductors.
The results underscore Aeluma’s ongoing transition from R&D contracts to commercial product revenue, with commercial production not expected until around 2029. While revenue fell short of estimates, the company’s earnings beat and reaffirmed guidance reflect confidence in its technology and market positioning.
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