Aeluma, Inc

Aeluma reported total revenue of $4.5 million for fiscal 2026, near the high end of its guidance, as the company pivots toward commercializing high-speed photodetectors and quantum dot lasers for the AI datacom market. Fourth-quarter revenue was $582,000, while the full-year GAAP net loss widened to $9.2 million, or $0.52 per share, from $3 million, or $0.23 per share, in fiscal 2025. Adjusted EBITDA was negative $5.2 million for the year, compared to positive $186,000 in fiscal 2025, driven by increased headcount and operating expenses. The company ended the year with $56 million in cash and no debt, after raising $20.1 million through its ATM facility. For fiscal 2027, Aeluma expects to recognize approximately $2.3 million of booked government contract revenue, with potential for an additional $2 million under discussion, and plans capital expenditures of $10 million to $12 million. Aeluma also announced a letter of intent with the Department of Commerce CHIPS R&D Office for up to $30 million in funding, which is likely to be accounted for as an equity investment rather than revenue, and a new agreement with Sumitomo Chemical Advanced Technologies to expand wafer production capacity.

Aeluma has appointed Jason Taylor as Senior Director of Program and Project Management to drive commercialization of its compound semiconductor photonics. Taylor brings nearly three decades of program management and engineering experience from Intel, Kyocera, and Lumileds, spanning laser, LED, and silicon semiconductor technologies. He will lead program and project management across the organization, focusing on customer-driven technology and product development as Aeluma transitions to commercial-scale manufacturing for AI datacom, mobile, defense and aerospace, and other markets. Taylor holds M.S. degrees in Electronic Materials and Devices and Chemical Engineering from San Jose State University and is a certified Project Management Professional and Six Sigma Black Belt.

The Commerce Department has signed letters of intent to provide $874 million in CHIPS and Science Act incentives to seven companies advancing semiconductor technologies for AI and high-performance computing. GlobalFoundries will receive up to $300 million to accelerate U.S. R&D of co-packaged optics, while Kepler will receive up to $245 million to develop advanced AI memory technology using 3D and ferroelectric technologies. Multibeam Corporation is set to receive up to $140 million for advanced chip packaging, and Extropic, Thintronics, OBSIDIA Semiconductors, and Aeluma would receive investments ranging from $30 million to $75 million for projects in low-power computing, advanced materials, and counterfeit detection. The companies have signed preliminary agreements pending further review, and the government will receive minority, non-controlling equity stakes in return. This follows the Trump administration's award of nearly $2 billion in CHIPS Act funding to nine companies in May, including $1 billion to International Business Machines Corp. and $375 million to GlobalFoundries.

Aeluma has signed a letter of intent with the U.S. Department of Commerce for up to $30 million in proposed funding under the CHIPS and Science Act. The award would support research and development of Aeluma’s scalable, non-InP semiconductor manufacturing platform for photonics, targeting applications in AI, advanced computing, and national security. The funding is part of broader CHIPS R&D incentives aimed at strengthening domestic semiconductor capabilities and supply chain resiliency. The letter of intent contemplates a portion of the award being funded upfront, with the remainder tied to milestone-based project costs and technical progress. Finalization of the award remains subject to further due diligence, government approvals, and execution of definitive documents.