Atomera (NASDAQ:ATOM) reported second-quarter 2026 financial results. Revenue reached $158,000. This figure surpassed analyst expectations.
The company posted a GAAP net loss of $6.3 million. This translated to a loss of $0.17 per share, missing consensus estimates. The stock declined over 6% in after-hours trading.
The semiconductor technology firm noted progress in customer engagements. These engagements occurred in advanced logic and memory sectors, influenced by AI demand. Management also reported advancements in its Gallium Nitride (GaN)-on-Silicon technology for radio frequency (RF) applications.
Operating expenses rose to $6.9 million. This compares to $5.2 million in the prior-year period.
Atomera ended the quarter with $38.4 million in cash and short-term investments.