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Atomera
(NASDAQ:ATOM)
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Rating:49Neutral
Price Target:
$5.00
▼(-3.47% Downside)
Action:Reiterated
Date:08/07/26
ATOM’s score is held down primarily by very weak financial performance (tiny revenue base, large ongoing losses, and material cash burn) and a soft technical picture (below key moving averages with negative MACD). The main support comes from encouraging earnings-call progress on multiple technology tracks and early signs of pipeline formation, while the balance sheet’s low debt helps reduce immediate solvency risk.
Positive Factors
Validated technology across advanced semiconductor applications
Progress across GAA, DRAM and GaN-on-silicon supports MST’s technical credibility and broadens its potential use cases. Independent validation and customer testing can strengthen Atomera’s negotiating position as it seeks licenses and production adoption.
Negative Factors
Commercial revenue remains extremely small
Atomera has not yet demonstrated meaningful recurring licensing or royalty revenue. The very small revenue base makes financial results highly dependent on individual engagements and leaves substantial uncertainty about when MST can support a scalable business.
Read all positive and negative factors
Positive Factors
Negative Factors
Validated technology across advanced semiconductor applications
Progress across GAA, DRAM and GaN-on-silicon supports MST’s technical credibility and broadens its potential use cases. Independent validation and customer testing can strengthen Atomera’s negotiating position as it seeks licenses and production adoption.
Read all positive factors
Atomera (ATOM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$186.93M
Dividend YieldN/A
Average Volume (3M)824.85K
Price to Earnings (P/E)―
Beta (1Y)2.20
Revenue Growth369.39%
EPS Growth1.34%
CountryUS
Employees21
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.66
Shares Outstanding39,024,040
10 Day Avg. Volume657,500
30 Day Avg. Volume824,847
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)3.71
Price to Sales (P/S)1048.70
P/FCF Ratio-4.58
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.5
Revenue Forecast (FY)$300.00K
Atomera Business Overview & Revenue Model
Company Description
Atomera Incorporated develops, commercializes, and licenses its unique materials, processes, and technologies for the semiconductor sector across North America and the Asia Pacific region. Central to its offerings is the Mears Silicon Technology (...
How the Company Makes Money
Atomera primarily seeks to monetize its MST technology through an IP/licensing-driven model with semiconductor manufacturers. Revenue is intended to come from (1) license fees for the right to use Atomera’s MST technology and related patents/know-...
Atomera Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call conveyed strong technical and commercial progress across multiple strategic areas — a cleared GAA milestone, validated 4F2 DRAM value proposition, an expanded NAND opportunity, and a major GaN-on-silicon RF breakthrough that generated industry enthusiasm and new customer leads. These technical achievements materially expand the company's potential TAM and create new market entry vectors. Offsetting this optimism are weak current revenues ($158k), growing GAAP and non-GAAP losses, rising operating and outsourced engineering costs, and continued cash burn with a modest cash runway. Execution and timing risk remains for converting technical wins into licensed revenue. Overall, the positive technical momentum and believable near-term commercial pipeline development outweigh the financial and timing headwinds, but the situation requires disciplined cost control and successful customer conversions to realize the upside.Positive Updates
Gate-All-Around (GAA) Milestone Cleared
Cleared a significant GAA milestone with one of two active GAA customers (working with 2 of 4 target GAA players), demonstrating manufacturability steps and enabling progress toward in-fab customer testing and potential license negotiations.
Negative Updates
Very Low Revenue
Revenue in Q2 2026 was $158,000 (primarily wafer delivery fees), indicating limited current recurring commercial revenue.
Read all updates
Q2-2026 Updates
Positive
Negative
Gate-All-Around (GAA) Milestone Cleared
Cleared a significant GAA milestone with one of two active GAA customers (working with 2 of 4 target GAA players), demonstrating manufacturability steps and enabling progress toward in-fab customer testing and potential license negotiations.
Read all positive updates
Company Guidance
On guidance, management reiterated 2026 annual non‑GAAP operating expense guidance of approximately $18.5 million ± $0.25 million and said they now expect to end the year at the high end (~$18.75M); they noted cash, cash equivalents and short‑term investments of $38.4M at June 30, 2026 (down from $41.1M at March 31) including $23.6M of net proceeds from the Q1 registered direct offering, with 39.0M shares outstanding. Quarterly metrics: Q2 revenue $158k, GAAP net loss $6.3M ($0.17/share) vs $5.0M a year ago, non‑GAAP loss $5.0M vs $4.0M a year ago, GAAP operating expenses $6.9M (vs $5.2M YoY), stock‑based compensation $1.7M (vs $1.3M), non‑GAAP OpEx $5.1M (up $0.35M sequentially from $4.8M), R&D +$188k YoY, G&A +$828k YoY, S&M +$225k YoY, and cash used in operations $3.9M in Q2 (vs $4.8M in Q1 and $3.5M in Q2 2025). Management warned of rising outsourced engineering and tool lease costs (one tool lease was previously ~$1.8M/year and is expected to increase, with larger impacts into 2027) but said current cash positions them to execute while remaining disciplined on costs.Atomera Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 230.00K | 65.00K | 135.00K | 550.00K | 382.00K | 400.00K |
| Gross Profit | -181.00K | -256.00K | 12.00K | 522.00K | 301.00K | 400.00K |
| EBITDA | -22.76M | -20.07M | -16.94M | -18.16M | -15.68M | -14.73M |
| Net Income | -22.41M | -20.17M | -18.43M | -19.79M | -17.36M | -15.71M |
Balance Sheet | ||||||
| Total Assets | 40.22M | 21.09M | 29.12M | 24.03M | 26.73M | 36.06M |
| Cash, Cash Equivalents and Short-Term Investments | 38.35M | 19.21M | 26.77M | 19.53M | 21.18M | 28.70M |
| Total Debt | 1.16M | 1.28M | 1.98M | 3.64M | 4.88M | 6.54M |
| Total Liabilities | 3.15M | 2.71M | 4.05M | 5.86M | 6.42M | 7.68M |
| Stockholders Equity | 37.08M | 18.38M | 25.08M | 18.17M | 20.31M | 28.38M |
Cash Flow | ||||||
| Free Cash Flow | -15.13M | -14.87M | -13.25M | -14.59M | -12.54M | -12.55M |
| Operating Cash Flow | -15.09M | -14.87M | -13.24M | -14.56M | -12.50M | -12.44M |
| Investing Cash Flow | -23.15M | 951.00K | 6.08M | -6.75M | -39.00K | -109.00K |
| Financing Cash Flow | 31.36M | 7.35M | 20.34M | 12.71M | 5.02M | 3.31M |
Atomera Technical Analysis
Negative
5.18
Price Trends
6.38
Negative
7.02
Negative
5.11
Negative
Market Momentum
-0.36
Negative
37.25
Neutral
14.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATOM, the sentiment is Negative. The current price of 5.18 is below the 20-day moving average (MA) of 5.20, below the 50-day MA of 6.38, and above the 200-day MA of 5.11, indicating a bearish trend. The MACD of -0.36 indicates Negative momentum. The RSI at 37.25 is Neutral, neither overbought nor oversold. The STOCH value of 14.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ATOM.
Atomera Risk Analysis
Atomera disclosed 24 risk factors in its most recent earnings report. Atomera reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Atomera Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $4.79B | 2,959.83 | 1.00% | ― | 45.81% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $255.97M | 53.57 | 4.95% | ― | -2.35% | ― | |
57 Neutral | $413.22M | -158.13 | -3.79% | ― | 20.89% | -240.91% | |
49 Neutral | $186.93M | -7.24 | -77.91% | ― | 369.39% | 1.34% | |
49 Neutral | $46.21M | -0.27 | -135.06% | ― | -33.68% | ― | |
42 Neutral | $75.39M | -9.26 | -15.69% | ― | 62.79% | 60.33% |
* Technology Sector Average
ATOM
Atomera
4.78
1.47
44.41%
ASYS
Amtech Systems
14.63
8.64
144.24%
AXTI
AXT
70.74
67.90
2390.85%
SQNS
Sequans Communications S A
3.06
-6.54
-68.12%
MRAM
Everspin Technologies
17.11
10.94
177.31%
WKEY
WISeKey International Holding
6.69
1.24
22.75%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.