Kalray SA (FR:ALKAL)
:ALKAL
Want to see FR:ALKAL full AI Analyst Report?
Top Page
Kalray SA
(ALKAL)
Select Model
Select Model
Rating:48Neutral
Price Target:
€11.00
▲(816.67% Upside)
Action:Reiterated
Date:06/11/26
The score is held back primarily by weak financial quality (negative gross margin, ongoing net losses, and negative free cash flow) despite improving operating metrics. Technical indicators are neutral-to-modestly supportive, but valuation remains unattractive due to a negative P/E and no dividend yield data.
Positive Factors
Energy-efficient processor focus
Kalray’s product and software focus on energy-efficient accelerators addresses a durable secular need for higher performance per watt in data centers and AI workloads. That specialization supports differentiated technical value, long-term TAM exposure, and partnership opportunities with hyperscalers and storage OEMs.
Negative Factors
Negative gross margins
Persistently negative gross margins indicate the company is selling products below sustainable cost levels or facing high direct costs. Without structurally higher gross profitability, operating improvements cannot translate into durable net profit, making long-term margin sustainability and scalable unit economics unlikely without product cost reduction or pricing power gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Energy-efficient processor focus
Kalray’s product and software focus on energy-efficient accelerators addresses a durable secular need for higher performance per watt in data centers and AI workloads. That specialization supports differentiated technical value, long-term TAM exposure, and partnership opportunities with hyperscalers and storage OEMs.
Read all positive factors
Kalray SA (ALKAL) vs. iShares MSCI France ETF (EWQ)
Market Cap
€142.90M
Dividend YieldN/A
Average Volume (3M)91.84K
Price to Earnings (P/E)―
Beta (1Y)1.62
Revenue Growth-33.73%
EPS Growth85.98%
CountryFR
Employees221
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)N/A
Shares Outstanding15,473,259
10 Day Avg. Volume80,055
30 Day Avg. Volume91,843
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.40
Price to Sales (P/S)0.93
P/FCF Ratio-2.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kalray SA Business Overview & Revenue Model
Company Description
Kalray S.A. operates as a fabless semiconductor enterprise, specializing in the development and provision of high-performance processors and acceleration cards. Its comprehensive product portfolio features the MPPA processor, optimized for various...
How the Company Makes Money
Kalray generates revenue primarily by selling its computing hardware products (processors/accelerator cards and associated systems where applicable) and by licensing or selling the accompanying software stack used to program, deploy, and manage it...
Kalray SA Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.45M | 24.82M | 25.83M | 16.41M | 1.45M |
| Gross Profit | -13.64M | -33.87M | 29.66M | -17.15M | -18.44M |
| EBITDA | 885.00K | -6.37M | -858.00K | -2.69M | -5.82M |
| Net Income | -4.54M | -23.27M | -11.69M | -15.55M | -15.12M |
Balance Sheet | |||||
| Total Assets | 56.41M | 88.14M | 80.52M | 88.05M | 43.28M |
| Cash, Cash Equivalents and Short-Term Investments | 2.95M | 1.70M | 13.21M | 32.20M | 12.22M |
| Total Debt | 8.31M | 12.98M | 3.27M | 6.67M | 11.61M |
| Total Liabilities | 23.73M | 53.51M | 23.87M | 34.03M | 17.62M |
| Stockholders Equity | 38.01M | 34.63M | 56.65M | 51.27M | 25.63M |
Cash Flow | |||||
| Free Cash Flow | -5.50M | -9.44M | -22.70M | -16.54M | -20.74M |
| Operating Cash Flow | 1.97M | -1.03M | -2.15M | -1.72M | -7.06M |
| Investing Cash Flow | 300.00K | -20.05M | -16.51M | -15.88M | -12.12M |
| Financing Cash Flow | -987.00K | 9.29M | -484.00K | 37.98M | 11.17M |
Kalray SA Technical Analysis
Neutral
1.20
Price Trends
9.18
Positive
6.44
Positive
3.75
Positive
Market Momentum
0.24
Positive
42.61
Neutral
24.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALKAL, the sentiment is Neutral. The current price of 1.2 is below the 20-day moving average (MA) of 11.98, below the 50-day MA of 9.18, and below the 200-day MA of 3.75, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 42.61 is Neutral, neither overbought nor oversold. The STOCH value of 24.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:ALKAL.
Kalray SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | €28.22M | -124.86 | ― | ― | 12.69% | 94.39% | |
54 Neutral | €2.62B | 7,205.12 | 4.45% | ― | 5.84% | -107.83% | |
51 Neutral | €38.42M | -5.16 | ― | ― | 54.12% | -46.16% | |
48 Neutral | €142.90M | -26.44 | -34.88% | ― | -33.73% | 85.98% | |
43 Neutral | €573.02M | 69.68 | ― | ― | ― | ― |
* Technology Sector Average
FR:ALKAL
Kalray SA
9.26
8.78
1829.17%
FR:AL2SI
2CRSI SA
25.40
19.96
366.91%
FR:OVH
OVH Groupe SAS
17.44
3.53
25.38%
FR:ALBPK
Broadpeak SA
2.25
0.61
37.20%
FR:MLCHE
Cheops Technology SA
57.50
-4.50
-7.26%
FR:ALTAI
LightOn S.A.
5.95
-5.00
-45.66%
Kalray SA Corporate Events
Kalray Publishes Updated Share Capital and Voting Rights Structure
Apr 4, 2026
Kalray has disclosed its updated share capital structure, reporting 15,412,938 shares outstanding as of March 31, 2026, corresponding to an equal number of theoretical voting rights and 15,386,117 exercisable voting rights. The company also holds ...
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.