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    Aeluma (ALMU)

    Market Price (9/21/2026): $12.73 | Market Cap: $-Sector: Information Technology | Industry: Semiconductors

    Aeluma (ALMU)

    Market Price (9/21/2026): $12.73
    Market Cap: $-
    Sector: Information Technology
    Industry: Semiconductors

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    High stock price volatility
    Vol 12M is 119%

    Key risks
    ALMU key risks include [1] its sustained unprofitability as an early-stage enterprise, Show more.

    0 High stock price volatility
    Vol 12M is 119%
    1 Key risks
    ALMU key risks include [1] its sustained unprofitability as an early-stage enterprise, Show more.

    ALMU in ETFs

    Weight = ALMU's share of each fund

    VTI0.00%
    IWM0.01%
    IWO0.01%
    VTWO0.01%

    Valuation & Metrics

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    AI Analysis | Feedback

    MetricValueDateSource
    Active Customer Engagements209092025Link

    Price Chart

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    Recent
    9/16/2026Earnings ReleaseRev: $0.0 Mil (A) vs. $0.0 Mil (E)
    EPS: -0.15 (A) vs. $-0.07 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 9/18/2026

    Aeluma (ALMU) stock has lost about 40% since 5/31/2026 because of the following key factors:

    1. Aeluma reported significantly weaker-than-expected financial results for fiscal Q4 2026 (ended June 30, 2026), failing to meet revenue forecasts and showing widened losses. The company's revenue for fiscal Q4 2026 was $582,000, representing a substantial 56% decrease from $1.317 million in the prior year and missing Wall Street's $1.38 million forecast by nearly 58%. Concurrently, the GAAP net loss in fiscal Q4 2026 widened to $4.0 million, or $0.22 per share, compared to a net loss of $0.9 million, or $0.05 per share, in the same period of the previous fiscal year. For the full fiscal year 2026, the net loss reached $9.2 million, compared to $3.0 million in fiscal 2025. This poor financial performance immediately impacted the stock, which fell 13.63% in after-hours trading following the earnings announcement on September 16, 2026.

    2. The company experienced a substantial increase in operating expenses due to its strategic pivot towards commercialization, without a corresponding immediate increase in commercial revenue. Aeluma is transitioning from government-funded research and development towards the early commercialization of its photonic and electronic technologies for various applications, including AI datacom. This shift led to operating expenses more than doubling, with R&D spending increasing to $4.67 million and general and administrative expenses doubling to $7.09 million in fiscal 2026. Adjusted EBITDA for fiscal 2026 reversed sharply to negative $5.2 million from a positive $186,000 in fiscal 2025. Furthermore, the company anticipates significant capital expenditures of approximately $10 million–$12 million in fiscal 2027 to expand manufacturing capabilities. Management has also indicated that large-scale commercial deployments may not materialize until fiscal years 2028 to 2030, suggesting a longer timeline for significant revenue generation from these investments.

    Show more
    Updated on 9/18/2026

    Aeluma (ALMU) stock has lost about 40% since 5/31/2026 because of the following key factors:

    1. Aeluma reported significantly weaker-than-expected financial results for fiscal Q4 2026 (ended June 30, 2026), failing to meet revenue forecasts and showing widened losses. The company's revenue for fiscal Q4 2026 was $582,000, representing a substantial 56% decrease from $1.317 million in the prior year and missing Wall Street's $1.38 million forecast by nearly 58%. Concurrently, the GAAP net loss in fiscal Q4 2026 widened to $4.0 million, or $0.22 per share, compared to a net loss of $0.9 million, or $0.05 per share, in the same period of the previous fiscal year. For the full fiscal year 2026, the net loss reached $9.2 million, compared to $3.0 million in fiscal 2025. This poor financial performance immediately impacted the stock, which fell 13.63% in after-hours trading following the earnings announcement on September 16, 2026.

    2. The company experienced a substantial increase in operating expenses due to its strategic pivot towards commercialization, without a corresponding immediate increase in commercial revenue. Aeluma is transitioning from government-funded research and development towards the early commercialization of its photonic and electronic technologies for various applications, including AI datacom. This shift led to operating expenses more than doubling, with R&D spending increasing to $4.67 million and general and administrative expenses doubling to $7.09 million in fiscal 2026. Adjusted EBITDA for fiscal 2026 reversed sharply to negative $5.2 million from a positive $186,000 in fiscal 2025. Furthermore, the company anticipates significant capital expenditures of approximately $10 million–$12 million in fiscal 2027 to expand manufacturing capabilities. Management has also indicated that large-scale commercial deployments may not materialize until fiscal years 2028 to 2030, suggesting a longer timeline for significant revenue generation from these investments.

    3. Market uncertainty persists regarding the finalization of CHIPS Act funding and the conversion of ongoing commercial negotiations into definitive, revenue-generating agreements. Aeluma signed a Letter of Intent for potential CHIPS and Science Act funding of up to $30 million from the U.S. Department of Commerce. However, this is not a definitive award and remains contingent on further agreements and milestones. While the company is engaged in multi-million-dollar non-recurring engineering (NRE) negotiations for AI datacom photonics, these discussions have yet to translate into firm commercial contracts and repeatable revenue, which the market is awaiting as a key catalyst. The lack of immediate commercial breakthroughs and the conditional nature of the potential CHIPS funding contribute to investor apprehension regarding the company's near-term revenue prospects.

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    Stock Movement Drivers

    Fundamental Drivers

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    Market Drivers

    5/31/2026 to 9/20/2026
    ReturnCorrelation
    ALMU-41.0% 
    Market (SPY)0.9%39.8%
    Sector (XLK)-0.7%59.2%

    Fundamental Drivers

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    Market Drivers

    2/28/2026 to 9/20/2026
    ReturnCorrelation
    ALMU-17.7% 
    Market (SPY)11.6%31.5%
    Sector (XLK)36.8%43.6%

    Fundamental Drivers

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    Market Drivers

    8/31/2025 to 9/20/2026
    ReturnCorrelation
    ALMU-44.2% 
    Market (SPY)19.4%30.4%
    Sector (XLK)45.1%35.9%

    Fundamental Drivers

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    Market Drivers

    8/31/2023 to 9/20/2026
    ReturnCorrelation
    ALMU243.9% 
    Market (SPY)75.6%19.6%
    Sector (XLK)119.9%22.8%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    ALMU Return-5%38%164%124%-33%477%
    Peers Return32%-34%23%51%225%109%993%
    S&P 500 Return27%-19%24%23%16%12%103%

    Monthly Win Rates [3]
    ALMU Win Rate-50%50%67%67%22% 
    Peers Win Rate63%38%57%60%62%60% 
    S&P 500 Win Rate75%42%67%75%67%44% 

    Max Drawdowns [4]
    ALMU Max Drawdown---50%-37%-50%-63% 
    Peers Max Drawdown-34%-48%-43%-37%-49%-49% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: LITE, COHR, ON, AXTI, AVGO.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 9/18/2026 (YTD)

    How Low Can It Go

    EventALMUS&P 500
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-43.0%-9.5%
      % Gain to Breakeven75.5%10.5%
      Time to Breakeven84 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-33.0%-6.7%
      % Gain to Breakeven49.3%7.1%
      Time to Breakeven3 days31 days

    Compare to LITE, COHR, ON, AXTI, AVGO

    In The Past

    Aeluma's stock fell -5.9% during the 2025 US Tariff Shock. Such a loss loss requires a 6.3% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventALMUS&P 500
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-43.0%-9.5%
      % Gain to Breakeven75.5%10.5%
      Time to Breakeven84 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-33.0%-6.7%
      % Gain to Breakeven49.3%7.1%
      Time to Breakeven3 days31 days

    Compare to LITE, COHR, ON, AXTI, AVGO

    In The Past

    Aeluma's stock fell -5.9% during the 2025 US Tariff Shock. Such a loss loss requires a 6.3% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Aeluma (ALMU)

    Aeluma, Inc. develops and manufactures advanced optoelectronic and electronic devices. The company specializes in producing semiconductor materials and chips, leveraging compound semiconductors on diameter substrates. These components are essential building blocks for a wide array of mass-market microelectronics.

    Aeluma's product offerings include critical components such as laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells. These devices are engineered to deliver high performance for demanding applications across various sectors.

    The company serves a broad range of high-growth industries, providing its technology for use in mobile devices, automotive systems, artificial intelligence (AI), defense and aerospace, communications infrastructure, augmented reality/virtual reality (AR/VR), and high-performance computing (HPC) applications.

    AI Analysis | Feedback

    Here are 1-3 brief analogies for Aeluma (ALMU):

    • Like a specialized Corning, but instead of advanced glass, Aeluma creates the foundational compound semiconductor materials and chips that power a wide range of cutting-edge tech, from AI to AR/VR.
    • Imagine an Intel for next-generation microelectronics, but specializing in compound semiconductors for advanced optoelectronic and electronic devices in applications like mobile, automotive, and AI.

    AI Analysis | Feedback

    • Semiconductor Materials and Chips: Fundamental components manufactured from compound semiconductors used in a wide range of microelectronic devices.
    • Laser Emitters: Devices that produce and emit laser light for various applications.
    • Transistors for Integrated Circuits: Electronic components that amplify or switch electronic signals and electrical power within integrated circuits.
    • Quantum Photonic Circuits: Advanced circuits utilizing photons to perform computational or communication functions.
    • Solar Cells: Devices that convert light energy directly into electrical energy through the photovoltaic effect.

    AI Analysis | Feedback

    Aeluma, Inc. (ALMU) primarily sells its semiconductor materials and chips to other companies, operating on a business-to-business (B2B) model. The provided background information does not explicitly list the names of its major customer companies.

    However, based on the applications for which Aeluma's devices are used, its customer base likely includes manufacturers and developers in the following sectors:

    • Companies producing mobile devices
    • Automotive electronics manufacturers
    • Developers of AI hardware
    • Defense and aerospace contractors
    • Communication infrastructure providers
    • Manufacturers of Augmented Reality (AR) and Virtual Reality (VR) devices
    • Developers and providers of High-Performance Computing (HPC) solutions

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Jonathan Klamkin, Ph.D., CEO and Director

    Jonathan Klamkin is the founder and CEO of Aeluma. He is also a Professor of Electrical and Computer Engineering at the University of California, Santa Barbara, a position he has held since 2015, where his group conducts research in integrated photonics and optoelectronics. Prior to Aeluma, Dr. Klamkin was an optoelectronic device design and test engineer at BinOptics Corp., a laser diode manufacturer that was acquired by Macom in 2015. He also held positions at MIT Lincoln Laboratory and Boston University. Dr. Klamkin holds a Bachelor of Science in Electrical and Computer Engineering from Cornell University and a Master of Science and Ph.D. in Materials from the University of California, Santa Barbara. He is the recipient of numerous awards, including the NASA Young Faculty Award, the DARPA Young Faculty Award, and the DARPA Director's Fellowship.

    Christopher Stewart, CFO

    Christopher Stewart joined Aeluma as Chief Financial Officer in August 2025, bringing over 20 years of financial leadership experience in public and high-growth companies. Most recently, he served as CFO at LeddarTech Holdings Inc., an AI-driven software company that he helped lead through a public market debut. His previous roles include CFO of Bionano Genomics, Inc., where the company achieved 62% compound annual revenue growth during his tenure, and senior financial leadership positions at Maxwell Technologies (acquired by Tesla), Entropic Communications (acquired by Maxlinear), and Intel. Mr. Stewart holds a B.S. in Business Administration from the University of Southern California and an M.B.A. from Carnegie Mellon University.

    Bouchaib Nessar, M.S., SVP of Business Development and Product

    Bouchaib Nessar, also known as Bouch, serves as the Senior Vice President of Business Development and Product at Aeluma, bringing three decades of experience in commercializing semiconductor photonics solutions. His expertise spans optical networking, data centers, sensing, and quantum applications. At Aeluma, he is responsible for leading go-to-market efforts in data center interconnects for AI infrastructure, imaging sensors for mobile and consumer electronics, and high-performance semiconductor photonics for defense and aerospace. Prior to Aeluma, as VP of Business Development at SCD. USA, he led a strategic transformation that elevated the business to one of the largest suppliers of infrared sensors for defense and commercial markets in the United States. He also held a leadership tenure at Princeton Lightwave, where he spearheaded the commercial launch of lasers, quantum sensors, and biomedical detectors. Mr. Nessar holds a Physics-Engineering degree from Centrale Méditerranée, France.

    Christiane Poblenz, Ph.D., VP of Materials Operations

    Christiane Poblenz was appointed Vice President of Materials Operations in March 2026 and has 25 years of experience in epitaxial materials development for semiconductor laser technologies. She joined Aeluma after a 17-year career at Kyocera SLDLaser, Inc., formerly Soraa Laser Diode Inc. At Kyocera SLDLaser, she most recently served as Senior Director of Epitaxy and led epitaxy operations and engineering through multiple stages of company growth, including scaling epitaxy from development to automotive-qualified production and through the company's acquisition by Kyocera Corporation in 2021. Dr. Poblenz holds a Ph.D. in Materials from the University of California, Santa Barbara.

    Matthew Dummer, Ph.D., Director of Technology

    Matthew Dummer, as Director of Technology, has over 20 years of experience in optoelectronic device design and manufacturing. He oversees a team of engineers responsible for new technology development, intellectual property strategy, and scalable production solutions. Before joining Aeluma, Dr. Dummer was a Principal Scientist with Vixar Inc., a vertical cavity surface emitting laser (VCSEL) manufacturer, where he developed sensor products for consumer, industrial, and biomedical markets.

    AI Analysis | Feedback

    Risk of rapid technological obsolescence and intense competition: Aeluma operates in highly dynamic optoelectronic and electronic device markets, including AI, AR/VR, and automotive, characterized by rapid technological advancements and intense competition from established players and emerging technologies. The company's reliance on compound semiconductors requires continuous, significant investment in research and development to remain competitive, and failure to innovate or gain widespread market acceptance against alternative solutions could quickly render its offerings obsolete.

    High capital expenditure and manufacturing complexities inherent in compound semiconductor production: Developing and manufacturing advanced compound semiconductor materials and chips on specialized substrates is a capital-intensive process requiring substantial ongoing investment in research, development, and advanced manufacturing facilities. As a relatively young company, securing sufficient funding and successfully managing the complexities of scaling production, maintaining high yield rates, and ensuring efficient manufacturing processes are critical challenges that could impact its financial performance and ability to meet demand.

    Challenges in achieving widespread market adoption and securing key design wins: Aeluma targets a broad range of demanding applications across diverse sectors such as mobile, automotive, defense, and HPC. Successfully penetrating these markets requires overcoming significant barriers to entry, including stringent qualification processes, long design cycles, and establishing credibility with major customers. Failure to secure key design wins and achieve significant market adoption for its specialized devices could severely limit revenue growth and profitability.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Aeluma, Inc. (ALMU) develops optoelectronic and electronic devices, manufacturing semiconductor materials and chips using compound semiconductors. The company's products are utilized across various sectors, including mobile, automotive, AI, defense and aerospace, communication, AR/VR, HPC, laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells.

    The addressable markets for Aeluma's main products and services are substantial and span several key global industries:

    • Optoelectronic Devices: The global optoelectronics market was valued at approximately USD 53.37 billion in 2025 and is projected to reach USD 95.67 billion by 2034, growing at a CAGR of 6.70% between 2026-2034. Another estimate places the global market at USD 71.38 billion in 2025, expected to reach USD 104.29 billion by 2032 with a CAGR of 5.56%. Asia-Pacific held the largest market share in 2025 (56.81%).
    • Electronic Devices/Consumer Electronics: The global consumer electronics market was valued at USD 949.7 billion in 2024 and is projected to grow to USD 1.25 trillion by 2034, at a CAGR of 2.8% (2025-2034). Another report estimates the global market at USD 864.73 billion in 2025, projected to reach USD 1.76 trillion by 2034. Asia Pacific held the largest share in 2025.
    • Compound Semiconductors: The global compound semiconductor market size was valued at approximately USD 44.86 billion in 2024 and is expected to grow to USD 81.1 billion by 2033, with a CAGR of 6.8% (2026–2033). Another source states the global market at USD 122.8 billion in 2024, forecasted to reach USD 177.0 billion by 2033, exhibiting a CAGR of 4.1% (2025-2033). Asia-Pacific dominates this market. The U.S. market for compound semiconductors is projected to reach USD 8.54 billion by 2026.
    • Automotive Electronics: The global automotive electronics market size was valued at USD 307.61 billion in 2025 and is predicted to increase to approximately USD 647.43 billion by 2034, expanding at a CAGR of 8.62% (2025-2034). Another report estimates the global market at USD 362.4 billion in 2025, reaching USD 608.3 billion by 2034, with a CAGR of 5.74% (2026-2034). Asia Pacific led the market with a 42% share in 2024. The U.S. market is projected to reach USD 37.1 billion by 2026.
    • AI Chips: The global artificial intelligence (AI) chip market size was estimated at USD 94.44 billion in 2025 and is predicted to increase to approximately USD 1,104.68 billion by 2035, representing a CAGR of 27.88% (2026 to 2035). Another source indicates the global AI chipset market was valued at USD 73.24 billion in 2024 and is expected to reach USD 558.18 billion by 2032, at a CAGR of 28.9%. North America, specifically the U.S., held the largest revenue share in the AI chipset market in 2024 due to strong R&D capabilities.
    • Defense and Aerospace Electronics: The global aerospace-defense electronics market size was approximately USD 145.7 billion in 2023 and is projected to reach USD 258.3 billion by 2032, growing at a CAGR of 6.4%. The global defense electronics market size was valued at USD 178.34 billion in 2025 and is expected to reach USD 234.48 billion by 2030, reflecting a 5.63% CAGR. North America holds a significant share in this market.
    • Communication Devices: The global communication device market size is projected to reach USD 1,298.5 billion by 2032 from USD 765.5 billion in 2023, exhibiting a CAGR of 6.9%. The next-generation communication devices market was valued at USD 340,269.15 million in 2025 and is expected to increase to USD 1,586,532.16 million by 2032, growing at a CAGR of 24.6%. Asia Pacific dominates the communication device market.
    • AR/VR (Augmented Reality/Virtual Reality): The global augmented reality and virtual reality market size is calculated at USD 75.18 billion in 2025 and is predicted to increase to approximately USD 693.01 billion by 2035, expanding at a CAGR of 24.87% (2026 to 2035). Another source indicates the global AR/VR/MR market size was valued at USD 58.98 billion in 2024 and is poised to grow to USD 1149.84 billion by 2033, growing at a CAGR of 39.1% (2026–2033). North America accounts for 34% of the global market.
    • High-Performance Computing (HPC): The global high-performance computing (HPC) market size was valued at USD 59.33 billion in 2025 and is projected to grow to USD 128.84 billion by 2034, exhibiting a CAGR of 9.00%. Another report shows the market size at USD 44.3 billion in 2024, forecasted to reach USD 65.8 billion by 2033, exhibiting a CAGR of 4.5% (2025-2033). North America dominates the market, holding over 40.3% share in 2024.
    • Solar Cells: The global solar cell market size was valued at USD 175.15 billion in 2025 and is predicted to increase to approximately USD 837.99 billion by 2035, expanding at a CAGR of 16.95% (2026 to 2035). Another estimate for the global solar cells market size was USD 158.82 billion in 2025, set to exceed USD 750.47 billion by 2035, expanding at over 16.8% CAGR (2026-2035). Asia Pacific led the global market with the highest market share of 48% in 2025. The U.S. solar cells market size suppressed USD 910 million in 2024.

    AI Analysis | Feedback

    Aeluma, Inc. (ALMU) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:

    1. Transition to Commercial Product Revenue: Aeluma is strategically shifting its focus from primarily research and development (R&D) contracts to generating initial commercial product revenue. This transition is a central theme for the company's fiscal year 2026 and beyond. The company has stated its intent to move from exclusively R&D revenue to initial commercial product revenue, supported by a successful capital raise.
    2. Expansion into High-Growth Target Markets: The company is actively pursuing opportunities in several high-growth markets. These include AI infrastructure, defense and aerospace, mobile (particularly with SWIR sensors and 3D imaging technology), and quantum photonics. Aeluma is prioritizing immediate near-term opportunities in defense and aerospace, and photonics for AI infrastructure.
    3. Securing New Government and Commercial Contracts: Aeluma's strategic priorities for fiscal year 2026 include securing three to seven new development contracts. These contracts are crucial for providing non-dilutive funding for R&D investments and fostering partnership opportunities. Recent contract wins with organizations like NASA and the U.S. Navy highlight this ongoing effort.
    4. Enhanced Manufacturing Readiness and Scale-up: The company is focused on increasing its manufacturing capabilities through higher levels of outsourced wafer manufacturing productivity, expanded test and validation, technology qualification for targeted industries, and strengthening supply chain partnerships. This scale-up in wafer fabrication with foundry partners, which has increased nearly fivefold, is intended to meet growing demand, particularly in AI infrastructure and defense.
    5. Strengthening and Expanding Intellectual Property: Aeluma continues to expand its intellectual property portfolio, which currently includes 35 issued and pending patents. This strategic development of patents, covering areas such as volume manufacturing of compound semiconductor photonics, 3D imaging sensors, and large-format imagers, helps to protect its proprietary technology and build a competitive advantage in its target commercial sectors.

    AI Analysis | Feedback

    Share Issuance

    • In March 2025, Aeluma completed a public offering of 2,285,714 shares of common stock at $5.25 per share, generating approximately $12 million in gross proceeds.
    • In September 2025, the company priced an underwritten public offering of 1,700,000 shares of its common stock at $13.00 per share, expecting gross proceeds of approximately $22.1 million.
    • As of November 2025, Aeluma had utilized approximately $25.4 million from a $100 million shelf registration statement by issuing 1.95 million shares.

    Inbound Investments

    • Aeluma ended fiscal Q1 2026 (September 30, 2025) with $38.1 million in cash and cash equivalents, which increased to $38.6 million by December 31, 2025, with no long-term debt.
    • The company secured new, non-dilutive R&D contracts with organizations such as NASA and the US Navy in fiscal 2026, contributing to its funding and strategic development.
    • Several institutional investors, including Vanguard Group Inc., Polar Asset Management Partners Inc., Millennium Management LLC, and BlackRock, Inc., significantly increased their holdings in Aeluma's stock during Q3 and Q4 2025.

    Capital Expenditures

    • Aeluma's capital expenditures for fiscal year 2025 amounted to $161,000, representing a 50% decrease from the $322,000 recorded in fiscal year 2024.
    • The company's capital expenditures reached their highest value in the past five years during fiscal year 2023, totaling $590,043.
    • Aeluma has focused capital on advancing its manufacturing processes, increasing outsourced wafer fabrication activities, and acquiring key equipment to enhance in-house test and validation capacity in preparation for commercialization.

    Peer Outperformance in Semiconductors

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    Share of Semiconductors constituents that ALMU has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    19%
    of 64 industry peers · -34.7% return
    3Y
    86%
    of 58 industry peers · 324.2% return
    5Y
    —
    insufficient peer history
    null
    Median price return by industry across the Information Technology sector, ranked by 5Y. Semiconductors is ALMU's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Electronic Manufacturing Services 9 54.5%185.9%278.9% TTMI 845% · FLEX 734% · SANM 435%
    Technology Distributors 9 30.1%72.9%99.7% CLMB 337% · AVT 199% · SNX 156%
    Semiconductor Materials & Equipment 26 90.9%83.7%97.5% AXTI 792% · AEHR 738% · KLAC 421%
    Communications Equipment 36 16.3%86.8%75.8% AAOI 1451% · FEIM 1030% · LITE 1005%
    Electronic Components 26 31.5%70.6%70.4% CLS 4032% · BELFA 1349% · COHR 435%
    Technology Hardware, Storage & Peripherals 20 31.9%90.0%47.2% DELL 1150% · STX 1112% · WDC 969%
    Semiconductors ← 55 23.7%33.9%40.8% POET 1815% · MU 1344% · NVDA 951%
    Internet Services & Infrastructure 6 7.5%49.3%33.5% DOCN 64% · VRSN 44% · GDDY 38%
    Electronic Equipment & Instruments 26 -16.0%9.2%-10.0% PI 225% · OSIS 117% · ACFN 108%
    IT Consulting & Other Services 28 -24.6%-9.9%-29.0% CHRN 537268% · APLD 1265% · TSSI 669%
    Application Software 123 -30.5%-13.3%-45.3% VIDA 176264% · INLX 5435% · PLTR 567%
    Systems Software 68 -19.6%12.4%-54.0% QNC 478% · ZETA 406% · PANW 361%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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    DKSDick's Sporting Goods10.7-36.1%-37.5%

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    Peer Comparisons

    Peers to compare with:

    Financials

    ALMULITECOHRONAXTIAVGOMedian
    NameAeluma Lumentum Coherent ON Semic.AXT Broadcom  
    Mkt Price12.72930.91317.3669.9870.03357.61193.69
    Mkt Cap-79.562.127.34.3-44.7
    Rev LTM-3,0147,1186,198126-4,606
    Op Inc LTM-5369021,1195-719
    FCF LTM-300-1,0311,500-20-140
    FCF 3Y Avg-28-2131,221-17-6
    CFO LTM-751801,672-6-415
    CFO 3Y Avg-3014201,848-8-360

    Growth & Margins

    ALMULITECOHRONAXTIAVGOMedian
    NameAeluma Lumentum Coherent ON Semic.AXT Broadcom  
    Rev Chg LTM-83.2%22.5%-3.1%45.8%-34.2%
    Rev Chg 3Y Avg-27.1%12.4%-9.2%10.5%-11.5%
    Rev Chg Q-109.3%33.7%9.2%164.8%-71.5%
    QoQ Delta Rev Chg LTM-21.1%7.8%2.2%30.9%-14.5%
    Op Inc Chg LTM-379.0%68.5%-0.3%121.5%-95.0%
    Op Inc Chg 3Y Avg-37.7%151.0%-22.4%-33.5%-7.7%
    Op Mgn LTM-17.8%12.7%18.0%4.2%-15.2%
    Op Mgn 3Y Avg--6.8%8.2%21.7%-12.9%-0.7%
    QoQ Delta Op Mgn LTM-7.7%1.4%0.5%16.6%-4.6%
    CFO/Rev LTM-24.9%1.1%27.0%-4.6%-13.0%
    CFO/Rev 3Y Avg-11.5%7.9%27.3%-9.0%-9.7%
    FCF/Rev LTM-10.0%-14.5%24.2%-15.6%--2.3%
    FCF/Rev 3Y Avg--1.6%-2.3%18.5%-16.8%--1.9%

    Valuation

    ALMULITECOHRONAXTIAVGOMedian
    NameAeluma Lumentum Coherent ON Semic.AXT Broadcom  
    Mkt Cap-79.562.127.34.3-44.7
    P/S-26.48.74.434.2-17.5
    P/Op Inc-148.368.924.4817.8-108.6
    P/EBIT--11.159.835.1837.9-47.5
    P/E--11.577.143.31,057.7-60.2
    P/CFO-105.8780.716.3-744.3-61.1
    Total Yield--8.7%1.3%2.3%0.1%-0.7%
    Dividend Yield-0.0%0.0%0.0%0.0%-0.0%
    FCF Yield 3Y Avg--1.5%0.6%4.3%-9.0%--0.4%
    D/E-0.00.10.20.0-0.0
    Net D/E--0.00.00.0-0.1-0.0

    Returns

    ALMULITECOHRONAXTIAVGOMedian
    NameAeluma Lumentum Coherent ON Semic.AXT Broadcom  
    1M Rtn-13.8%7.4%9.6%-5.7%-1.0%-2.9%-2.0%
    3M Rtn-47.4%9.5%-18.5%-42.5%-17.2%-12.9%-17.9%
    6M Rtn-4.1%31.8%25.1%18.1%29.1%15.6%21.6%
    12M Rtn-34.7%451.7%190.9%37.0%1,513.6%4.4%113.9%
    3Y Rtn324.2%1,896.8%997.4%-23.0%2,892.7%356.2%676.8%
    1M Excs Rtn-16.8%13.2%11.1%-7.9%-3.9%-0.6%-2.2%
    3M Excs Rtn-49.4%7.5%-20.5%-44.5%-19.2%-14.9%-19.9%
    6M Excs Rtn-25.3%4.8%-0.6%2.2%4.8%-3.6%0.8%
    12M Excs Rtn-41.3%454.0%191.0%24.6%1,661.5%-11.8%107.8%
    3Y Excs Rtn197.6%1,809.0%798.7%-99.0%2,783.6%263.4%531.0%

    Comparison Analyses

    null

    Segment Financials

    Revenue by Segment
    $ Mil20262025202420232022
    Single Segment45100
    Total45100


    Assets by Segment
    $ Mil2023202220212020
    Single Segment7690
    Total7690


    Price Behavior

    Price Behavior
    Market Price$12.72 
    Market Cap ($ Bil)0.2 
    First Trading Date11/16/2022 
    Distance from 52W High-59.6% 
       50 Days200 Days
    DMA Price$15.10$17.72
    DMA Trendindeterminatedown
    Distance from DMA-15.7%-28.2%
     3M1YR
    Volatility87.9%117.3%
    Downside Capture472.16419.45
    Upside Capture85.49302.80
    Correlation (SPY)33.3%33.2%
    ALMU Betas & Captures as of 8/31/2026

     1M2M3M6M1Y3Y
    Beta4.723.193.563.313.161.57
    Up Beta5.455.253.690.981.900.86
    Down Beta4.66-2.101.190.802.872.17
    Up Capture200%164%395%999%775%825%
    Bmk +ve Days10213268138427
    Stock +ve Days8182757120318
    Down Capture781%502%382%287%193%110%
    Bmk -ve Days11213259113324
    Stock -ve Days13243769130351

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with ALMU
    ALMU-25.5%119.0%0.28-
    Sector ETF (XLK)40.5%26.4%1.2539.6%
    Equity (SPY)16.9%12.9%0.9432.7%
    Gold (GLD)19.1%29.3%0.6013.3%
    Commodities (DBC)46.3%20.6%1.739.1%
    Real Estate (VNQ)4.9%13.6%0.10-3.3%
    Bitcoin (BTCUSD)-30.6%44.3%-0.7021.3%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with ALMU
    ALMU57.5%128.1%1.17-
    Sector ETF (XLK)20.2%25.9%0.6922.8%
    Equity (SPY)12.9%17.2%0.5720.7%
    Gold (GLD)19.1%18.8%0.838.8%
    Commodities (DBC)11.2%19.5%0.458.3%
    Real Estate (VNQ)1.1%18.8%-0.057.5%
    Bitcoin (BTCUSD)12.5%52.5%0.4215.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with ALMU
    ALMU25.5%128.1%1.17-
    Sector ETF (XLK)24.4%25.0%0.8822.8%
    Equity (SPY)15.1%18.0%0.7220.7%
    Gold (GLD)12.1%16.4%0.618.8%
    Commodities (DBC)8.3%18.1%0.378.3%
    Real Estate (VNQ)4.4%20.7%0.187.5%
    Bitcoin (BTCUSD)62.6%66.2%1.0215.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date8312026
    Short Interest: Shares Quantity3.7 Mil
    Short Interest: % Change Since 81520263.2%
    Average Daily Volume0.5 Mil
    Days-to-Cover Short Interest7.6 days

    Returns Analyses

    Earnings Returns History

    Updated 9/21/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    9/16/2026-14.0%  
    5/13/2026-15.4%-33.5%-20.0%
    2/11/2026-8.4%-4.8%-11.8%
    11/12/2025-4.6%-9.5%18.0%
    9/9/2025-27.5%-6.0%-1.9%
    5/7/20257.2%2.3%61.6%
    2/10/2025-6.0%-2.2%-6.7%
    11/8/20249.8%3.2%15.9%
    ...
    SUMMARY STATS   
    # Positive434
    # Negative776
    Median Positive7.0%3.2%21.9%
    Median Negative-8.4%-9.5%-7.4%
    Max Positive9.8%29.0%61.6%
    Max Negative-27.5%-33.5%-20.0%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    9/16/2026-14.0%  
    5/13/2026-15.4%-33.5%-20.0%
    2/11/2026-8.4%-4.8%-11.8%
    11/12/2025-4.6%-9.5%18.0%
    9/9/2025-27.5%-6.0%-1.9%
    5/7/20257.2%2.3%61.6%
    2/10/2025-6.0%-2.2%-6.7%
    11/8/20249.8%3.2%15.9%
    5/10/20246.9%29.0%25.7%
    2/12/2024-5.8%-11.6%-3.1%
    11/9/20234.0%-13.4%-8.0%
    SUMMARY STATS   
    # Positive434
    # Negative776
    Median Positive7.0%3.2%21.9%
    Median Negative-8.4%-9.5%-7.4%
    Max Positive9.8%29.0%61.6%
    Max Negative-27.5%-33.5%-20.0%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202609/16/202610-K
    03/31/202605/13/202610-Q
    12/31/202502/11/202610-Q
    09/30/202511/12/202510-Q
    06/30/202509/09/202510-K
    03/31/202505/09/202510-Q
    12/31/202402/11/202510-Q
    09/30/202411/08/202410-Q
    06/30/202409/27/202410-K
    03/31/202405/10/202410-Q
    12/31/202302/12/202410-Q
    09/30/202311/09/202310-Q
    06/30/202309/25/202310-K
    03/31/202305/15/202310-Q
    12/31/202202/13/202310-Q
    09/30/202211/14/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202609/16/202610-K
    03/31/202605/13/202610-Q
    12/31/202502/11/202610-Q
    09/30/202511/12/202510-Q
    06/30/202509/09/202510-K
    03/31/202505/09/202510-Q
    12/31/202402/11/202510-Q
    09/30/202411/08/202410-Q
    06/30/202409/27/202410-K
    03/31/202405/10/202410-Q
    12/31/202302/12/202410-Q
    09/30/202311/09/202310-Q
    06/30/202309/25/202310-K
    03/31/202305/15/202310-Q
    12/31/202202/13/202310-Q
    09/30/202211/14/202210-Q
    06/30/202209/28/202210-K
    03/31/202205/16/202210-Q
    12/31/202102/15/202210-Q
    09/30/202111/15/202110-Q
    06/30/202109/27/202110-KT

    Insider Activity

    Updated 8/28/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Denbaars, StevenDirectSell828202613.8212,500172,6984,769,339Form
    2Denbaars, StevenDirectSell828202613.8412,500173,0444,951,945Form
    3Klamkin, JonathanChief Executive OfficerDirectSell805202616.7320,000334,64140,207Form
    4Klamkin, JonathanChief Executive OfficerDirectSell702202621.0820,000421,66850,663Form
    5Klamkin, JonathanChief Executive OfficerDirectSell603202625.0320,000500,66160,154Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Denbaars, StevenDirectSell828202613.8212,500172,6984,769,339Form
    2Denbaars, StevenDirectSell828202613.8412,500173,0444,951,945Form
    3Klamkin, JonathanChief Executive OfficerDirectSell805202616.7320,000334,64140,207Form
    4Klamkin, JonathanChief Executive OfficerDirectSell702202621.0820,000421,66850,663Form
    5Klamkin, JonathanChief Executive OfficerDirectSell603202625.0320,000500,66160,154Form
    6Denbaars, StevenDirectSell521202620.4612,500255,7977,575,876Form
    7Denbaars, StevenDirectSell521202619.9912,500249,8337,649,066Form
    8Klamkin, JonathanChief Executive OfficerDirectSell505202624.9620,000499,27259,988Form
    9Klamkin, JonathanChief Executive OfficerDirectSell403202613.1020,000261,95018,459,590Form
    10Klamkin, JonathanChief Executive OfficerDirectSell306202618.0550,000902,60025,803,484Form
    11Denbaars, StevenDirectSell227202615.8512,500198,0946,102,682Form
    12Denbaars, StevenDirectSell227202617.5812,500219,7666,990,114Form
    13Tompkins, Mark NDirectSell205202614.7134,500507,65326,346,301Form
    14Tompkins, Mark NDirectSell202202615.7437,500590,25028,725,311Form
    15Tompkins, Mark NDirectSell202202615.9125,000397,82629,637,867Form
    16Tompkins, Mark NDirectSell202202616.8232,500546,50831,739,315Form
    17Tompkins, Mark NDirectSell122202618.0730,000542,23134,702,575Form
    18Tompkins, Mark NDirectSell122202618.8245,000846,81936,695,249Form
    19Tompkins, Mark NDirectSell122202620.6930,000620,61741,270,780Form
    20McCarthy, LeeDirectSell10220260.01649,5703,9625,962Form
    21Tompkins, Mark NDirectSell1229202517.7930,000533,64536,020,794Form
    22Tompkins, Mark NDirectSell1229202516.0515,000240,75032,982,557Form
    23Tompkins, Mark NDirectSell1229202514.8715,000223,05030,780,722Form
    24Tompkins, Mark NDirectSell1222202514.8335,000519,05030,920,372Form
    25Tompkins, Mark NDirectSell1222202514.7030,000441,00031,163,824Form
    26Tompkins, Mark NDirectSell1222202514.3720,000287,40030,895,328Form
    27Tompkins, Mark NDirectSell1211202517.4920,000349,80037,953,090Form
    28Tompkins, Mark NDirectSell1211202516.8230,000504,52336,829,987Form
    29Tompkins, Mark NDirectSell1209202516.0640,000642,42035,654,119Form
    30Tompkins, Mark NDirectSell1209202516.1430,000484,19636,475,882Form
    31Tompkins, Mark NDirectSell1209202516.0330,000480,98036,714,614Form
    32Tompkins, Mark NDirectSell1021202516.3937,500614,62538,024,603Form
    33Tompkins, Mark NDirectSell1021202516.9340,000677,29439,917,833Form
    34Tompkins, Mark NDirectSell1017202519.2925,000482,25146,247,639Form
    35Tompkins, Mark NDirectSell1017202520.5940,000823,42449,868,345Form
    36Tompkins, Mark NDirectSell1014202519.8636,855731,94048,905,012Form
    37Tompkins, Mark NDirectSell1014202516.9835,331599,74742,426,584Form
    38Tompkins, Mark NDirectSell1014202516.6735,000583,47142,254,557Form
    39Tompkins, Mark NDirectSell1009202516.5636,908611,16842,551,841Form
    40Tompkins, Mark NDirectSell1009202517.4735,000611,57645,546,371Form
    41Tompkins, Mark NDirectSell1009202517.7535,000621,26846,889,469Form
    42Tompkins, Mark NDirectSell1006202518.7063,6041,189,39550,052,083Form
    43Tompkins, Mark NDirectSell1006202517.5731,147547,13648,134,813Form
    44Tompkins, Mark NDirectSell1006202517.1035,000598,55847,394,355Form
    45Tompkins, Mark NDirectSell1001202516.8750,500851,68847,329,104Form
    46Tompkins, Mark NDirectSell1001202516.1933,580543,59646,246,698Form
    47Tompkins, Mark NDirectSell1001202517.5725,000439,35950,804,554Form
    48Klamkin, JonathanChief Executive OfficerDirectSell814202518.85150,0002,827,30527,884,729Form

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