10-Q · May 5, 2026
Atomera reported disappointing Q1 2026 results with a total revenue of $11,000, significantly missing estimates of $80,000. The diluted EPS of -$0.17 also fell short of the expected -$0.14, reflecting continued…
Earnings analysis · 10-Q
ATOM earnings analysis
Filed October 30, 2026 · Our reading of the company's report
The latest report
Atomera delivered a weak Q3 2026 operating result, with revenue falling to $0 from $158,000 in the prior quarter and $11,000 a year earlier. Diluted EPS of $(0.15) improved by $0.02 from both comparison periods but…
Read full summary
Atomera delivered a weak Q3 2026 operating result, with revenue falling to $0 from $158,000 in the prior quarter and $11,000 a year earlier. Diluted EPS of $(0.15) improved by $0.02 from both comparison periods but missed the $(0.12) estimate. Liquidity increased to $34.8 million and gate-all-around engagement reached three developers, but the lack of commercial revenue and continued losses remain significant concerns. The 10-Q provided no quantitative forward guidance and stated that primary risk factors had not changed materially from the 2025 Form 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.15
What stood out
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Revenue fell to zero
Revenue was $0 in Q3 2026, down from $158,000 in Q2 2026 and $11,000 in Q3 2025, indicating no commercial revenue generation during the quarter.
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EPS improved but missed estimates
Diluted EPS was $(0.15), compared with $(0.17) in both Q2 2026 and Q3 2025, an improvement of $0.02 sequentially and year over year but below the $(0.12) consensus estimate.
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Liquidity remained substantial
Liquidity increased to $34.8 million, providing funding capacity despite ongoing operating losses.
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Gate-all-around engagement expanded
Management reported engagement with three gate-all-around developers, indicating continued customer-development activity despite Q3 revenue of $0.
What to watch
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Minimal commercial revenue
Commercial traction remains limited: revenue was $0 in Q3 2026 versus $158,000 in Q2 2026 and $11,000 in Q3 2025.
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Continued operating losses
The company remained loss-making, reporting diluted EPS of $(0.15) for Q3 2026; no positive earnings outlook was provided.
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Potential future capital needs
Liquidity was $34.8 million, but the absence of revenue and continued losses could increase the risk of future capital needs if cash usage persists.
Management's outlook
No quantitative revenue or EPS guidance was provided in the 10-Q; the filing states that primary risk factors had not changed materially from the December 31, 2025 Form 10-K.
Earlier filings 4
10-K · February 24, 2026
Atomera positions itself as a licensing/IP business commercializing its Mears Silicon Technology (MST) for the $700+ billion semiconductor industry, targeting power, RF/SOI and advanced CMOS applications and licensing…
10-Q · May 8, 2025
Atomera reported Q1 2025 revenue of $4,000 and GAAP net loss of $5.209 million (loss per share $0.17), with revenue down sharply vs. Q1 2024 ($18,000). Operating loss widened to $5.463 million and operating cash flow…
10-Q · July 30, 2024
Atomera recognized its first meaningful revenue in the quarter: $72,000 (reported as $72 in thousands) and reduced operating losses versus the prior year quarter. Net loss for Q2 was $4,361,000 (reported as $4,361 in…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.