Weebit Nano (ASX:WBT) Reports Massive Quarter with $7.3m in Cash from Customers and 2 New Customer Signings

Weebit Nano Delivers Growth, Cash Flow, and Expanding US Customer Pipeline

Weebit Nano (ASX: WBT) has become one of the most closely followed names on the ASX, developing and licensing Resistive Random Access Memory (ReRAM) a next-generation form of non-volatile memory that retains data without continuous power. ReRAM is significantly more energy-efficient and scalable than traditional memory technologies such as NAND Flash memory, positioning it as a potential successor in several fast-growing semiconductor markets.

What stood out in Weebit’s Q1 FY26 cash flow report was the clear evidence of momentum in both commercial adoption and foundry integration. The company is now seeing its ReRAM technology being incorporated into 2 additional customer products, while also advancing integration with major semiconductor fabrication facilities. This fast progress suggests that Weebit Nano’s technology is moving beyond the development phase and into broader market adoption.

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Weebit Nano Delivers Positive Cash Flow and Expanding US Partnerships as Commercial Momentum Builds

Customer receipts reached AUD 7.3 million, a sharp increase from the AUD 1–2 million recorded in previous quarters. Combined with a AUD 4 million French R&D tax rebate, the company reported positive operating cash flow for the period, a meaningful milestone for a business still in its growth phase.

With AUD 91 million in cash on its balance sheet, Weebit Nano is well funded to continue scaling operations, providing an estimated runway of up to 20 quarters. Management also confirmed that it is currently in discussions with multiple semiconductor foundries regarding potential licensing agreements, targeting at least two additional new fab partnerships by year-end.

For investors, a significant revenue opportunity lies in product agreements. These would generate recurring royalty streams, providing a high-margin and more stable revenue base over time. Encouragingly, two additional product companies in the United States have recently signed license agreements, bringing the total to three. This expansion marks an important step toward embedding Weebit Nano’s ReRAM technology into commercial devices and establishing a durable, scalable business model.

Weebit Nano Moves from Prototype to Production

One of the most significant developments in Weebit Nano’s 1Q26 is the successful tape-out of its first ReRAM-embedded test module at onsemi’s 300mm production facility. This basically means that the company went from prototype design to now integrating their memory IP into onsemi’s TREO platform. For those unfamiliar with onsemi (NASDAQ:ON), it is a Fortune 500 integrated device manufacturer and a Tier-1 automotive supplier listed on NASDAQ with a market cap of US$22.5bn.

For future Weebit Nano customers, this achievement of intergarting ReRAM into onsemi’s platform reduces the technical and commercial risks associated with integrating ReRAM into high-temperature environments, such as electric vehicles (EVs), where components must operate at up to 150°C. The tape-out also enables onsemi’s next-generation TREO-based products with Weebit Nano’s ReRAM to go into production as early as 2026, reinforcing the technology’s readiness for mass-market applications.

Weebit Nano Nears Key Qualification Milestone at DB HiTek, Paving Path to Volume Production

The company also reported that qualification of its technology at DB HiTek is progressing well, with completion targeted before the end of this calendar year. This process, conducted on DB HiTek’s 130nm Bipolar-CMOS-DMOS (BCD) platform, represents a milestone toward volume production of Weebit Nano’s non-volatile memory at the South Korean foundry.

Successful qualification will validate the technology’s performance under rigorous conditions, opening the door for large-scale commercial deployment. Should positive results be announced later this year, it could mark the beginning of Weebit’s next major phase the commercial ramp-up of ReRAM production.

Pitt Street Research directors own shares in Weebit Nano.