Aeluma projects FY26 revenue between $4M and $6M, below consensus estimate of $7.35M.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2025
0mins
Should l Buy ALMU?
- Revenue Expectations: Aeluma anticipates revenue for the full fiscal year of 2026 to be between $4.0 million and $6.0 million.
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Analyst Views on ALMU
Wall Street analysts forecast ALMU stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.980
Low
25.00
Averages
25.50
High
26.00
Current: 15.980
Low
25.00
Averages
25.50
High
26.00
About ALMU
Aeluma, Inc. is a semiconductor company that focuses on photonic and electronic technologies that are designed for scalability. It is engaged in developing semiconductors for sensing, communication, and computing applications. The Company’s proprietary platform combines compound semiconductors with scalable manufacturing used for mass market microelectronics to enable volume production and large-scale integration. Its technology is used in mobile, artificial intelligence (AI), defense and aerospace, robotics, automotive, augmented reality/virtual reality (AR/VR), industrial automation, machine vision, robotics, defense & aerospace, three-dimensional (3D) imaging, telecommunications, and quantum. The Company operates research and development (R&D) and manufacturing capabilities for semiconductor wafer production, quick-turn chip fabrication, rapid prototyping, test, and validation. It also partners with production-scale fabrication foundries, packaging, and integration companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Aeluma Q2 Earnings Beat Expectations, Positive Outlook for 2026
- Earnings Beat: Aeluma reported a Q2 non-GAAP EPS of $0.07, exceeding expectations by $0.12, indicating improved profitability, although revenue of $1.3 million fell short of the $1.4 million forecast, reflecting market demand uncertainties.
- 2026 Revenue Outlook: The company anticipates revenue for fiscal year 2026 to range between $4.0 million and $6.0 million, based on current and expected market conditions, demonstrating Aeluma's confidence in future growth, particularly through new contracts and market expansion.
- New Contract Opportunities: Aeluma aims to secure three to seven new development contracts, which will provide non-dilutive funding for R&D investments, further driving the company's strategic goals in technology innovation and market outreach.
- Team Expansion and Manufacturing Readiness: The company plans to grow its business development and go-to-market teams, enhance technical leadership, and increase outsourced wafer manufacturing productivity, while expanding testing and validation capabilities to support growth in mobile, consumer electronics, and defense sectors.
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Aeluma Appoints New SVP of Business Development
- Executive Appointment: Aeluma has appointed Bouchaib Nessar as the new Senior Vice President of Business Development and Product, aiming to enhance its go-to-market strategy across communication, sensing, and quantum markets, which is expected to strengthen the company's competitive position.
- Extensive Experience: Nessar brings three decades of experience in commercializing semiconductor photonics solutions, having held key roles at JDS Uniphase and SCD.USA, where he successfully transformed SCD.USA into one of the largest infrared sensor suppliers in the U.S., showcasing his leadership capabilities in the industry.
- Growing Market Demand: Aeluma has recently seen an increase in requests for pricing and quotations, and while initial orders are relatively small, this marks an important step toward commercialization, which is expected to lay the groundwork for future sales growth.
- Technology Promotion: Nessar will focus on driving Aeluma's market efforts in data center interconnects, imaging sensors for mobile and consumer electronics, and high-performance semiconductor photonics, helping the company accelerate technology adoption in rapidly growing markets.
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Aeluma CEO to Join Benchmark Company Fireside Chat on Dec 18
- Executive Participation: Aeluma's CEO Jonathan Klamkin and CFO Christopher Stewart will participate in a fireside chat hosted by Benchmark Company's analyst David Williams on December 18, 2025, aimed at enhancing the company's visibility and investor confidence in the semiconductor sector.
- Patent Application Progress: Aeluma recently filed a new patent application related to volume manufacturing of compound semiconductor photonics for mobile devices and data center interconnects, further solidifying its intellectual property moat in high-growth markets.
- Industry Collaboration: The company has joined the MMEC, a leading hub for microelectronics innovation and technology transition, indicating its strategic positioning in the defense microelectronics sector and aiming to enhance market standing through government project collaborations.
- NASA Contract: Aeluma has secured a contract with NASA to leverage its scalable semiconductor platform for developing low size, weight, and power quantum systems, showcasing the potential and market demand for its technology in high-end applications.
See More
Aeluma CEO to Join Benchmark Company Fireside Chat on December 18
- Executive Participation: Aeluma's CEO Jonathan Klamkin and CFO Christopher Stewart will participate in a fireside chat hosted by Benchmark Company's analyst David Williams on December 18, 2025, which is expected to attract investor attention and enhance the company's visibility.
- Patent Application: Aeluma recently filed a new patent application related to volume manufacturing of compound semiconductor photonics for mobile devices and data center interconnects, further solidifying its intellectual property moat in high-growth markets.
- Strategic Collaboration: The company has joined the MMEC, a leading hub for microelectronics innovation and technology transition, indicating its strategic focus on technology transformation in the defense sector and aiming to enhance its market position through partnerships with government agencies.
- NASA Contract: Aeluma signed a contract with NASA to leverage its scalable semiconductor platform for low size, weight, and power quantum systems, showcasing the potential and market demand for its technology in high-end applications.
See More
Aeluma Expands Patent Portfolio to 35 with New Application
- Patent Portfolio Expansion: Aeluma's new patent application focuses on volume manufacturing of compound semiconductor photonics, bringing its total to 35 patents, thereby enhancing its competitive edge in mobile, consumer electronics, and data center interconnect markets.
- Commercialization Progress: This patent complements earlier patents for 3D imaging sensors and large-format imagers, providing crucial support for the company's commercialization strategy and ensuring technology integration in targeted markets.
- Intellectual Property Strategy: Aeluma's patent portfolio is strategically designed to protect the entire commercialization lifecycle, securing competitive advantages in primary target markets such as mobile, AI, and defense.
- R&D and Manufacturing Capabilities: Headquartered in Goleta, California, the company boasts advanced R&D and manufacturing capabilities that, combined with its proprietary platform, support mass production of microelectronics, further solidifying its position in the rapidly evolving semiconductor market.
See More
Aeluma Q2 Earnings Beat Expectations, Positive Outlook for 2026
- Earnings Beat: Aeluma reported a Q2 non-GAAP EPS of $0.07, exceeding expectations by $0.12, indicating improved profitability, although revenue of $1.3 million fell short of the $1.4 million forecast, reflecting market demand uncertainties.
- 2026 Revenue Outlook: The company anticipates revenue for fiscal year 2026 to range between $4.0 million and $6.0 million, based on current and expected market conditions, demonstrating Aeluma's confidence in future growth, particularly through new contracts and market expansion.
- New Contract Opportunities: Aeluma aims to secure three to seven new development contracts, which will provide non-dilutive funding for R&D investments, further driving the company's strategic goals in technology innovation and market outreach.
- Team Expansion and Manufacturing Readiness: The company plans to grow its business development and go-to-market teams, enhance technical leadership, and increase outsourced wafer manufacturing productivity, while expanding testing and validation capabilities to support growth in mobile, consumer electronics, and defense sectors.
See More
Aeluma Appoints New SVP of Business Development
- Executive Appointment: Aeluma has appointed Bouchaib Nessar as the new Senior Vice President of Business Development and Product, aiming to enhance its go-to-market strategy across communication, sensing, and quantum markets, which is expected to strengthen the company's competitive position.
- Extensive Experience: Nessar brings three decades of experience in commercializing semiconductor photonics solutions, having held key roles at JDS Uniphase and SCD.USA, where he successfully transformed SCD.USA into one of the largest infrared sensor suppliers in the U.S., showcasing his leadership capabilities in the industry.
- Growing Market Demand: Aeluma has recently seen an increase in requests for pricing and quotations, and while initial orders are relatively small, this marks an important step toward commercialization, which is expected to lay the groundwork for future sales growth.
- Technology Promotion: Nessar will focus on driving Aeluma's market efforts in data center interconnects, imaging sensors for mobile and consumer electronics, and high-performance semiconductor photonics, helping the company accelerate technology adoption in rapidly growing markets.
See More
Anthropic's IPO Might Arrive Sooner Than Expected!
Anthropic's IPO Plans: Anthropic, a competitor to OpenAI, is preparing for a potential IPO in 2026, aiming for a valuation that could place it among the largest IPOs in history, driven by significant private market interest and ambitious revenue projections.
AI Market Competition: The podcast discusses the competitive landscape of AI companies, highlighting the rapid advancements and spending in the sector, with Anthropic and OpenAI both facing pressure to innovate and secure funding amidst high valuations.
Klarna's Membership Program: Klarna is expanding its buy now, pay later services by introducing a membership program in the U.S. that offers perks similar to credit cards, aiming to attract higher-income consumers who prefer 0% interest payment options.
Investment Insights: Contributors share their investment perspectives, with a focus on companies like Alphabet and Klarna, emphasizing the evolving nature of the buy now, pay later market and the potential for growth in AI and semiconductor technologies.
See More
Aeluma CEO to Join Benchmark Company Fireside Chat on Dec 18
- Executive Participation: Aeluma's CEO Jonathan Klamkin and CFO Christopher Stewart will participate in a fireside chat hosted by Benchmark Company's analyst David Williams on December 18, 2025, aimed at enhancing the company's visibility and investor confidence in the semiconductor sector.
- Patent Application Progress: Aeluma recently filed a new patent application related to volume manufacturing of compound semiconductor photonics for mobile devices and data center interconnects, further solidifying its intellectual property moat in high-growth markets.
- Industry Collaboration: The company has joined the MMEC, a leading hub for microelectronics innovation and technology transition, indicating its strategic positioning in the defense microelectronics sector and aiming to enhance market standing through government project collaborations.
- NASA Contract: Aeluma has secured a contract with NASA to leverage its scalable semiconductor platform for developing low size, weight, and power quantum systems, showcasing the potential and market demand for its technology in high-end applications.
See More
Aeluma CEO to Join Benchmark Company Fireside Chat on December 18
- Executive Participation: Aeluma's CEO Jonathan Klamkin and CFO Christopher Stewart will participate in a fireside chat hosted by Benchmark Company's analyst David Williams on December 18, 2025, which is expected to attract investor attention and enhance the company's visibility.
- Patent Application: Aeluma recently filed a new patent application related to volume manufacturing of compound semiconductor photonics for mobile devices and data center interconnects, further solidifying its intellectual property moat in high-growth markets.
- Strategic Collaboration: The company has joined the MMEC, a leading hub for microelectronics innovation and technology transition, indicating its strategic focus on technology transformation in the defense sector and aiming to enhance its market position through partnerships with government agencies.
- NASA Contract: Aeluma signed a contract with NASA to leverage its scalable semiconductor platform for low size, weight, and power quantum systems, showcasing the potential and market demand for its technology in high-end applications.
See More
Aeluma Expands Patent Portfolio to 35 with New Application
- Patent Portfolio Expansion: Aeluma's new patent application focuses on volume manufacturing of compound semiconductor photonics, bringing its total to 35 patents, thereby enhancing its competitive edge in mobile, consumer electronics, and data center interconnect markets.
- Commercialization Progress: This patent complements earlier patents for 3D imaging sensors and large-format imagers, providing crucial support for the company's commercialization strategy and ensuring technology integration in targeted markets.
- Intellectual Property Strategy: Aeluma's patent portfolio is strategically designed to protect the entire commercialization lifecycle, securing competitive advantages in primary target markets such as mobile, AI, and defense.
- R&D and Manufacturing Capabilities: Headquartered in Goleta, California, the company boasts advanced R&D and manufacturing capabilities that, combined with its proprietary platform, support mass production of microelectronics, further solidifying its position in the rapidly evolving semiconductor market.
See More
