Atomera Incorporated (NASDAQ:ATOM) released its third-quarter 2026 financial results and corporate update on October 29, 2026, reporting a net loss of $6.0 million and disclosing new customer and partnership developments in advanced semiconductor technology.

Key Highlights

  • Net loss of $6.0 million: The company reported a net loss of ($6.0) million, or ($0.15) per basic and diluted share, for the three months ended September 30, 2026.
  • GAA customer count expanded: Atomera increased its gate-all-around customer engagement count to three customers, according to the filing.
  • IQE joint development agreement: The company signed a Joint Development Agreement with IQE to bring high-performance, cost-effective RF GaN to market.
  • Cash position increased: Cash, cash equivalents, and short-term investments totaled $34.8 million as of September 30, 2026, up from $19.2 million as of December 31, 2025.
  • Adjusted EBITDA loss: Non-GAAP adjusted EBITDA was a loss of ($4.6) million for Q3 2026, compared to a loss of ($4.4) million in Q3 2025.
  • Shares outstanding: Total shares outstanding were 39.1 million as of September 30, 2026, compared to 32,354 thousand as of December 31, 2025.

Atomera's Q3 2026 Results: Losses Widen as Engagements and Cash Grow

According to the filing, Atomera reported a net loss of ($6,006) thousand for the three months ended September 30, 2026, compared to a net loss of ($5,573) thousand for the same period in 2025. The net loss per basic and diluted share was ($0.15) in Q3 2026, compared to ($0.17) in Q3 2025. Total operating expenses for the quarter were $6,328 thousand, driven by research and development costs of $3,647 thousand, general and administrative expenses of $2,338 thousand, and selling and marketing expenses of $343 thousand. The company reported no revenue in Q3 2026, compared to $11 thousand in Q3 2025.

On the balance sheet, the company disclosed cash and cash equivalents of $23,268 thousand and short-term investments of $11,560 thousand as of September 30, 2026, compared to $19,210 thousand in cash and cash equivalents and no short-term investments as of December 31, 2025. Total assets were $38,439 thousand and total stockholders' equity was $32,794 thousand. The accumulated deficit stood at ($260,109) thousand as of September 30, 2026, compared to ($241,694) thousand at December 31, 2025.

On the operational side, the filing highlighted that Atomera expanded its gate-all-around customer engagements to three and noted that its nano-scale diffusion blocking work "has generated interest not only with the GAA foundries, but also with designers of next generation memory solutions," as stated by president and CEO Scott Bibaud. The company also disclosed a demonstration of a "simpler, lower cost approach to enable next-generation DRAM transistors with MST." For the nine months ended September 30, 2026, the company reported a net loss of ($18,415) thousand and an adjusted EBITDA loss of ($14,493) thousand.

What Was Disclosed

Atomera filed a Q3 2026 earnings press release disclosing a quarterly net loss of $6.0 million, growth in gate-all-around customer engagements to three, a new joint development agreement with IQE, and a cash and investments balance of $34.8 million as of September 30, 2026.