Atomera (ATOM)


Market Price (11/4/2026): $3.11 | Market Cap: $121.5 MilSector: Information Technology | Industry: Semiconductor Materials & Equipment

Atomera (ATOM)


Market Price (11/4/2026): $3.11
Market Cap: $121.5 Mil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

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

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Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -27%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 476%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -63%

Megatrend and thematic drivers
Megatrends include Advanced Materials, Artificial Intelligence, and 5G & Advanced Connectivity. Themes include Nanomaterials, Show more.

Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -135%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.25, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -24 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -10969%

Expensive valuation multiples
P/SPrice/Sales ratio is 542x

Weak revenue growth
Rev Chg QQuarterly Revenue Change % is null

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 2843%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6804%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6820%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -25%

High stock price volatility
Vol 12M is 139%

Key risks
ATOM key risks include [1] its ongoing inability to generate revenue or achieve profitability, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -27%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 476%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -63%
3 Megatrend and thematic drivers
Megatrends include Advanced Materials, Artificial Intelligence, and 5G & Advanced Connectivity. Themes include Nanomaterials, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -135%
5 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.25, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -24 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -10969%
7 Expensive valuation multiples
P/SPrice/Sales ratio is 542x
8 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is null
9 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 2843%
10 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6804%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6820%
11 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -25%
12 High stock price volatility
Vol 12M is 139%
13 Key risks
ATOM key risks include [1] its ongoing inability to generate revenue or achieve profitability, Show more.

ATOM in ETFs

Weight = ATOM's share of each fund

VTI0.00%
IWM0.00%
IWO0.01%
VTWO0.01%
DFAS0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/3/2026

Atomera (ATOM) stock has lost about 40% since 7/31/2026 because of the following key factors:

1. Zero Revenue in Fiscal Q3 2026. Atomera reported zero revenue in fiscal Q3 2026 (ended September 30, 2026), falling short of analyst expectations of $100,000 and significantly down from $158,000 in fiscal Q2 2026 and $11,000 in fiscal Q3 2025. This complete lack of revenue generation directly contributed to a 12.39% drop in share price in after-hours trading following the announcement on October 29, 2026.

2. Widening Net Loss Exceeding Expectations. The company's net loss widened to $6.0 million, or $0.15 per basic and diluted share, in fiscal Q3 2026, which was wider than the consensus estimate of approximately $0.12 per share. Although the per-share loss improved year-over-year from $0.17 in fiscal Q3 2025, the increased net loss and failure to meet analyst expectations raised investor concerns about Atomera's financial performance.

Show more
Updated on 11/3/2026

Atomera (ATOM) stock has lost about 40% since 7/31/2026 because of the following key factors:

1. Zero Revenue in Fiscal Q3 2026. Atomera reported zero revenue in fiscal Q3 2026 (ended September 30, 2026), falling short of analyst expectations of $100,000 and significantly down from $158,000 in fiscal Q2 2026 and $11,000 in fiscal Q3 2025. This complete lack of revenue generation directly contributed to a 12.39% drop in share price in after-hours trading following the announcement on October 29, 2026.

2. Widening Net Loss Exceeding Expectations. The company's net loss widened to $6.0 million, or $0.15 per basic and diluted share, in fiscal Q3 2026, which was wider than the consensus estimate of approximately $0.12 per share. Although the per-share loss improved year-over-year from $0.17 in fiscal Q3 2025, the increased net loss and failure to meet analyst expectations raised investor concerns about Atomera's financial performance.

3. Declining Cash Position. Atomera's cash, cash equivalents, and short-term investments decreased to $34.8 million as of September 30, 2026, from $38.4 million as of June 30, 2026. This consistent reduction in cash reserves signals continued operational expenses without corresponding revenue, raising questions about the company's financial runway and long-term sustainability.

4. Persistent Commercialization Challenges. Despite highlighting technical progress in multiple semiconductor applications and expanding customer engagements in advanced logic and memory, Atomera continues to struggle in translating these developments into revenue-generating agreements. This ongoing challenge with its IP licensing business model, underscored by the zero revenue in fiscal Q3 2026, remains a core concern for investors regarding the company's ability to achieve commercial traction.

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Stock Movement Drivers

Fundamental Drivers

The -40.9% change in ATOM stock from 7/31/2026 to 11/3/2026 was primarily driven by a -78.6% change in the company's P/S Multiple.
(LTM values as of)731202611032026Change
Stock Price ($)5.163.05-40.9%
Change Contribution By: 
Total Revenues ($ Mil)00204.2%
P/S Multiple2,526.7541.7-78.6%
Shares Outstanding (Mil)3539-9.4%
Cumulative Contribution-40.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/3/2026
ReturnCorrelation
ATOM-40.9% 
Market (SPY)1.0%36.1%
Sector (XLK)0.7%48.7%

Fundamental Drivers

The -62.7% change in ATOM stock from 4/30/2026 to 11/3/2026 was primarily driven by a -86.4% change in the company's P/S Multiple.
(LTM values as of)430202611032026Change
Stock Price ($)8.183.05-62.7%
Change Contribution By: 
Total Revenues ($ Mil)00236.9%
P/S Multiple3,976.4541.7-86.4%
Shares Outstanding (Mil)3239-18.8%
Cumulative Contribution-62.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/3/2026
ReturnCorrelation
ATOM-62.7% 
Market (SPY)5.2%42.9%
Sector (XLK)10.8%51.7%

Fundamental Drivers

The -3.5% change in ATOM stock from 10/31/2025 to 11/3/2026 was primarily driven by a -79.1% change in the company's P/S Multiple.
(LTM values as of)1031202511032026Change
Stock Price ($)3.163.05-3.5%
Change Contribution By: 
Total Revenues ($ Mil)00476.3%
P/S Multiple2,588.5541.7-79.1%
Shares Outstanding (Mil)3139-20.0%
Cumulative Contribution-3.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/3/2026
ReturnCorrelation
ATOM-3.5% 
Market (SPY)11.5%33.5%
Sector (XLK)17.9%38.4%

Fundamental Drivers

The -52.3% change in ATOM stock from 10/31/2023 to 11/3/2026 was primarily driven by a -97.6% change in the company's P/S Multiple.
(LTM values as of)1031202311032026Change
Stock Price ($)6.403.05-52.3%
Change Contribution By: 
Total Revenues ($ Mil)003028.6%
P/S Multiple22,561.8541.7-97.6%
Shares Outstanding (Mil)2539-36.6%
Cumulative Contribution-52.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/3/2026
ReturnCorrelation
ATOM-52.3% 
Market (SPY)86.6%35.1%
Sector (XLK)119.1%38.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ATOM Return25%-69%13%65%-81%38%-81%
Peers Return42%-12%43%1%15%16%138%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
ATOM Win Rate42%33%50%33%25%45% 
Peers Win Rate63%38%62%55%52%42% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
ATOM Max Drawdown-71%-71%-48%-73%-88%-76% 
Peers Max Drawdown-26%-37%-29%-37%-41%-41% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SNPS, CDNS, LSCC, RMBS, CEVA.
[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 11/3/2026 (YTD)

How Low Can It Go

EventATOMS&P 500
2025 US Tariff Shock
  % Loss-44.6%-18.8%
  % Gain to Breakeven80.6%23.1%
  Time to Breakeven34 days79 days
2024 Yen Carry Trade Unwind
  % Loss-31.3%-7.8%
  % Gain to Breakeven45.7%8.5%
  Time to Breakeven77 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-35.7%-9.5%
  % Gain to Breakeven55.6%10.5%
  Time to Breakeven80 days24 days
2023 SVB Regional Banking Crisis
  % Loss-30.7%-6.7%
  % Gain to Breakeven44.3%7.1%
  Time to Breakeven7 days31 days
2020 COVID-19 Crash
  % Loss-44.6%-33.7%
  % Gain to Breakeven80.4%50.9%
  Time to Breakeven35 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-58.0%-19.2%
  % Gain to Breakeven138.0%23.8%
  Time to Breakeven502 days105 days

Compare to SNPS, CDNS, LSCC, RMBS, CEVA

In The Past

Atomera's stock fell -44.6% during the 2025 US Tariff Shock. Such a loss loss requires a 80.6% 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.

EventATOMS&P 500
2025 US Tariff Shock
  % Loss-44.6%-18.8%
  % Gain to Breakeven80.6%23.1%
  Time to Breakeven34 days79 days
2024 Yen Carry Trade Unwind
  % Loss-31.3%-7.8%
  % Gain to Breakeven45.7%8.5%
  Time to Breakeven77 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-35.7%-9.5%
  % Gain to Breakeven55.6%10.5%
  Time to Breakeven80 days24 days
2023 SVB Regional Banking Crisis
  % Loss-30.7%-6.7%
  % Gain to Breakeven44.3%7.1%
  Time to Breakeven7 days31 days
2020 COVID-19 Crash
  % Loss-44.6%-33.7%
  % Gain to Breakeven80.4%50.9%
  Time to Breakeven35 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-58.0%-19.2%
  % Gain to Breakeven138.0%23.8%
  Time to Breakeven502 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-49.0%-3.7%
  % Gain to Breakeven96.0%3.9%
  Time to Breakeven1084 days6 days

Compare to SNPS, CDNS, LSCC, RMBS, CEVA

In The Past

Atomera's stock fell -44.6% during the 2025 US Tariff Shock. Such a loss loss requires a 80.6% 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 Atomera (ATOM)

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Atomera Inc. develops, commercializes, and licenses proprietary materials, processes, and technologies specifically for the semiconductor industry. Its primary innovation is the Mears Silicon Technology (MST), which consists of a thin film of reengineered silicon. This advanced material is engineered to be applied as a transistor channel enhancement, significantly improving the performance of conventional CMOS-type transistors.

The company's technology is designed to help semiconductor manufacturers create more efficient and powerful integrated circuits. Atomera operates across key global markets, focusing on the North American and Asia Pacific regions, which are central to semiconductor production and innovation.

Atomera serves a diverse customer base within the semiconductor ecosystem. This includes major foundries, integrated device manufacturers (IDMs), and fabless semiconductor companies that design and produce chips. Additionally, its clientele extends to original equipment manufacturers (OEMs) and electronic design automation (EDA) companies, demonstrating its broad engagement across the semiconductor value chain.

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AI Analysis | Feedback

Here are 1-3 brief analogies for Atomera:

  • Atomera is like ARM Holdings for silicon transistor enhancement, licensing foundational technology that improves chip performance.
  • Atomera is like the Gore-Tex for semiconductor transistors, providing a specialized material that makes them perform better.

AI Analysis | Feedback

  • Mears Silicon Technology (MST): A proprietary thin film of reengineered silicon designed to enhance the performance of CMOS-type transistors.
  • Technology Licensing: The commercialization and licensing of Atomera's proprietary materials, processes, and technologies, primarily Mears Silicon Technology, to semiconductor industry customers.

AI Analysis | Feedback

Major Customers of Atomera (ATOM)

Atomera primarily sells its technology and licenses to other companies within the semiconductor industry, rather than directly to individuals. Due to the highly confidential nature of the semiconductor intellectual property (IP) licensing business and competitive reasons, Atomera does not publicly disclose the specific names of its major customer companies or partners. They typically refer to them as "leading foundries," "tier 1 semiconductor companies," or "major integrated device manufacturers."

Based on the company's description, Atomera's customers fall into the following categories of companies:

  • Foundries
  • Integrated device manufacturers (IDMs)
  • Fabless semiconductor manufacturers
  • Original equipment manufacturers (OEMs)
  • Electronic design automation (EDA) companies

AI Analysis | Feedback

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Scott Bibaud, President and Chief Executive Officer

Mr. Bibaud has over 25 years of experience in the semiconductor industry. He has successfully built a number of businesses in his career that grew to generate over $1 billion in revenue at some of the world's largest semiconductor companies. Before joining Atomera in October 2015, he was Senior Vice President and General Manager of Altera's Communications and Broadcast Division, where he grew the division to become Altera's largest, representing 60% of company revenue. Prior to that, he served as Executive Vice President and General Manager of the Mobile Platforms Group at Broadcom, turning the division around from significant losses to profitability in less than three years. He also held an Executive in Residence position at Foundation Capital, a venture firm.

Francis Laurencio, Chief Financial Officer and Principal Accounting Officer

Mr. Laurencio possesses over 20 years of experience in senior finance positions within high-growth technology companies across various sectors, including networking, storage, SaaS, and hardware distribution. Before joining Atomera in February 2016, he served as CFO at Sycomp, Orbis Global (which is now part of Infor), Bubbly, and OnStor (which subsequently became part of LSI/Avago). Earlier in his career, he worked as a corporate and securities attorney at Davis Polk & Wardwell and in technology investment banking at Lehman Brothers.

Robert Mears, Chief Technology Officer, Founder

Dr. Mears is a recognized pioneer and leading expert in photonics and nano-scale material engineering with more than 30 years of experience. In the mid-1980s, he invented and was the first to demonstrate the Erbium Doped Fiber Amplifier (EDFA), a transformative technology for broadband networks. In 2001, Dr. Mears founded Nanovis LLC, the original predecessor company to Atomera, to apply his insights into the nano-scale engineering of new materials. He has authored or co-authored approximately 250 publications and patents and is a co-inventor of 46 granted US patents.

Erwin Trautmann, Executive Vice President - Strategic Business Development

Mr. Trautmann holds the position of Executive Vice President - Strategic Business Development and is also a Director.

Hideki Takeuchi, Vice President of Engineering

Mr. Takeuchi brings over 30 years of experience in the semiconductor industry. He joined Mears Technologies, Atomera's predecessor, in 2008 and was appointed VP of Engineering in 2022. At Atomera, he has managed numerous customer projects and internal R&D projects for advanced CMOS, analog, low-voltage power switch, and RF switch products. Prior to Atomera, Mr. Takeuchi was a project manager for customer device development projects at ATDF/SEMATECH and a research associate in the semiconductor device group at UC Berkeley, where he was a member of the original FinFET development team.

AI Analysis | Feedback

The key risks to Atomera's business are: 1. Commercialization and Customer Adoption Risk: Atomera's business model relies on licensing its Mears Silicon Technology (MST) to semiconductor manufacturers. A significant risk is the challenge of converting technical advancements into widespread commercial adoption and recurring revenue. The company faces long customer evaluation cycles, and there's inherent uncertainty in moving from R&D success to actual production integration. For instance, despite achieving performance improvements with STMicroelectronics, reliability concerns led ST to halt MST integration for a smart power platform, impacting short-term royalty prospects. The success of MST hinges on its ability to seamlessly integrate into existing fabrication lines and demonstrate significant, reliable improvements in device performance and power efficiency that compel customers to adopt it. 2. Financial Viability and Cash Burn: Atomera operates with minimal revenue and substantial net losses, leading to a high cash burn rate. For example, the company reported full-year 2025 revenue of only $65,000 and a net loss of $20.17 million, with a cash position of $19.21 million as of December 31, 2025. Analysts highlight a cash burn of approximately $4 million per quarter, suggesting a limited financial runway of about four to five quarters before needing to raise additional capital. This ongoing need for funding creates a risk of shareholder dilution if the company has to sell more shares to sustain operations without achieving significant revenue growth. 3. Intense Competition and Market Acceptance: The semiconductor industry is highly competitive, with established giants like Intel, NVIDIA, Qualcomm, Texas Instruments, and Samsung operating across various segments. While Atomera possesses a strong patent portfolio and proprietary trade secrets for its innovative MST, it must continually prove its technology's superior value proposition against these larger, well-resourced competitors and alternative solutions. The challenge lies in securing widespread market acceptance and overcoming potential resistance to adopting new materials technology in a cost-sensitive and highly complex manufacturing environment.

AI Analysis | Feedback

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AI Analysis | Feedback

Atomera Incorporated (NASDAQ: ATOM) develops and licenses Mears Silicon Technology (MST), a thin film of reengineered silicon designed to enhance CMOS-type transistors for various applications, including Analog, DRAM, logic and processors, SRAM, RF-SOI, and GaN-on-silicon. The company's addressable markets can be understood within the broader semiconductor industry and specific transistor segments. The global semiconductor industry, which Atomera's technology aims to serve, has been cited with varying market sizes:
  • In 2024, the semiconductor market was estimated at over $600 billion.
  • More recently, the semiconductor market has been referred to as a $750 billion market.
  • The global semiconductor materials market alone is more than $100 billion annually.
More specifically, for the types of products Atomera's MST enhances:
  • The global transistor market was valued at approximately $17.69 billion in 2025 and is projected to reach $30.49 billion by 2033, with a compound annual growth rate (CAGR) of 7.04% from 2025 to 2033. This market is estimated at $20.02 billion in 2026, growing to $28.66 billion by 2031 with a CAGR of 7.46% from 2026-2031.
    • In 2025, the Asia-Pacific region dominated the global transistor market with a 55.90% revenue share and is expected to exhibit the fastest growth.
    • North America held 31.55% of the global transistor market revenue in 2025, while Europe accounted for 27.79%.
  • The global Enhancement MOSFET Transistor Market was valued at $6.34 billion in 2025 and is forecast to reach $11.46 billion by 2033, growing at a CAGR of 7.77% from 2026 to 2033.
    • The U.S. Enhancement MOSFET Transistor Market was valued at $1.16 billion in 2025 and is expected to grow to $2.02 billion by 2033, with a CAGR of 7.22% from 2026-2033.
    • The Asia Pacific region dominated the Enhancement MOSFET Transistor Market in 2025, accounting for approximately 44% of the market share.
  • The global Enhancement-mode GaN Transistor Market was valued at $3.05 billion in 2025 and is projected to reach $8.69 billion by 2033, demonstrating a CAGR of 13.98% from 2026–2033. Atomera has initiated its first commercial customer engagement for GaN on silicon.
    • The U.S. Enhancement-mode GaN Transistor Market was valued at $0.68 billion in 2025 and is projected to reach $1.75 billion by 2033, growing at a CAGR of 12.47% from 2026–2033.
    • The Asia Pacific GaN Transistor Market is expected to expand at the fastest CAGR from 2026 to 2035.
  • Atomera is also advancing its Gate-All-Around (GAA) transistor technology, and the global Gate-All-Around (GAA) Transistor Market is projected to reach $2.008 billion by 2034.

AI Analysis | Feedback

For Atomera (NASDAQ: ATOM), expected drivers of future revenue growth over the next 2-3 years include:

  1. Commercialization and Broad Adoption of Mears Silicon Technology (MST) in Gate-All-Around (GAA) Transistors: Atomera's progress in integrating its MST technology into advanced Gate-All-Around transistor structures is a significant technological breakthrough. Successful deployment and adoption of MST in GAA transistors by semiconductor manufacturers are anticipated to be a primary driver for future licensing revenue.
  2. Expansion into New Semiconductor Markets (DRAM and GaN-on-Silicon): The company is actively pursuing new opportunities by exploring the DRAM sector with new wafer-based solutions and has initiated its first commercial engagement for Gallium Nitride (GaN) on silicon applications, supported by external development funding. These new market penetrations are expected to diversify and grow revenue streams.
  3. Securing and Scaling New Licensing Agreements and Strategic Partnerships: As a semiconductor materials and intellectual property licensing company, Atomera's revenue growth is fundamentally tied to securing and expanding licensing agreements with foundries, integrated device manufacturers, fabless semiconductor manufacturers, and major equipment OEMs. Progress in customer engagement and new partnerships are crucial for commercializing its technology.
  4. Transition from Technology Development to Volume Production and Significant Commercial Deals: Atomera's current revenue is primarily from Non-Recurring Engineering (NRE) fees. Future substantial revenue growth is contingent upon its Mears Silicon Technology moving beyond promising lab results and development phases into broad commercial adoption, leading to concrete licensing and production deals that would generate larger, more consistent revenue streams.

AI Analysis | Feedback

Share Issuance

  • In February 2026, Atomera closed a registered direct offering of 5,000,000 shares of common stock at $5.00 per share, generating net proceeds of approximately $23.6 million.
  • During 2025, the company sold approximately 1.6 million shares under its at-the-market (ATM) facility, resulting in net proceeds of roughly $7.6 million at an average price of $5.15 per share.
  • After December 31, 2025, an additional $3.2 million in net proceeds was raised by selling approximately 1.3 million shares at an average price of $2.47.

Capital Expenditures

  • Atomera incurred approximately $12.3 million on research and development in 2025.
  • Research and development expenses increased by $794,000 from $9.4 million in 2024 to $10.2 million in 2025, primarily due to increased outsourced engineering.
  • The primary focus of capital expenditures is on evolving and expanding the company's technology and intellectual property portfolio, aligning with its business model as a semiconductor materials and technology licensing company.

Better Bets vs. Atomera (ATOM)

Peer Outperformance in Semiconductor Materials & Equipment

ATOM has trailed 89% of its 27 Semiconductor Materials & Equipment peers over 5Y. Semiconductor Materials & Equipment ranks 4th of 12 industries in Information Technology by median 5Y return.
Share of Semiconductor Materials & Equipment constituents that ATOM has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
17%
of 29 industry peers · 6.3% return
3Y
14%
of 28 industry peers · -47.8% return
5Y
11%
of 27 industry peers · -87.1% return
No Semiconductor Materials & Equipment peer with a comparable growth profile has beaten ATOM by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Semiconductor Materials & Equipment is ATOM'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 10 20.3%121.2%213.6% FLEX 573% · TTMI 483% · JBL 337%
Technology Distributors 9 48.3%72.6%75.7% AVT 151% · SNX 120% · CNXN 97%
Electronic Components 24 0.9%66.7%42.6% CLS 2348% · BELFA 1145% · APH 349%
Semiconductor Materials & Equipment ← 28 42.7%67.4%40.9% AXTI 487% · LRCX 317% · KLAC 317%
Communications Equipment 36 4.8%75.0%32.5% LITE 684% · AAOI 664% · ANET 429%
Semiconductors 55 0.1%48.4%8.9% MU 1129% · NVDA 681% · AVGO 569%
Electronic Equipment & Instruments 27 -5.1%26.1%2.3% PI 129% · OSIS 115% · MIR 73%
Technology Hardware, Storage & Peripherals 21 8.6%90.4%-10.9% WDC 737% · DELL 716% · SMCI 650%
Internet Services & Infrastructure 6 0.1%45.2%-13.1% GDDY 69% · VRSN 41% · DOCN -4%
IT Consulting & Other Services 30 -23.6%-5.6%-26.2% APLD 355% · IBM 148% · CIFR -9%
Systems Software 70 -11.6%23.6%-54.1% CRWD 262% · ZETA 244% · CVLT 147%
Application Software 125 -15.8%-9.4%-54.1% PLTR 572% · FROG 156% · AGYS 147%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

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Peer Comparisons

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Financials

ATOMSNPSCDNSLSCCRMBSCEVAMedian
NameAtomera Synopsys Cadence .Lattice .Rambus CEVA  
Mkt Price3.27474.20330.00107.0088.5129.3297.76
Mkt Cap0.190.890.314.79.50.812.1
Rev LTM09,4166,132651796116724
Op Inc LTM-241,0391,81755292-10174
FCF LTM-152,7481,757163313-1238
FCF 3Y Avg-141,6771,396151269-2210
CFO LTM-152,9381,9682433474295
CFO 3Y Avg-141,8501,5592032972250

Growth & Margins

ATOMSNPSCDNSLSCCRMBSCEVAMedian
NameAtomera Synopsys Cadence .Lattice .Rambus CEVA  
Rev Chg LTM476.3%46.3%17.6%33.3%17.3%8.8%25.4%
Rev Chg 3Y Avg4,507.4%26.2%16.1%-0.7%20.2%2.2%18.2%
Rev Chg Q-100.0%42.4%22.0%62.2%22.3%13.1%22.1%
QoQ Delta Rev Chg LTM-4.8%8.5%5.0%13.4%5.3%3.0%5.2%
Op Inc Chg LTM-12.3%-5.9%10.2%78.6%18.2%15.5%12.9%
Op Inc Chg 3Y Avg-6.1%0.6%17.3%-11.1%60.5%-25.2%-2.8%
Op Mgn LTM-10,969.4%11.0%29.6%8.5%36.7%-8.3%9.7%
Op Mgn 3Y Avg-23,383.3%17.6%30.0%12.7%34.5%-9.9%15.1%
QoQ Delta Op Mgn LTM-757.2%1.3%-1.2%2.4%0.8%2.4%1.1%
CFO/Rev LTM-6,803.7%31.2%32.1%37.4%43.6%3.3%31.6%
CFO/Rev 3Y Avg-15,802.9%24.4%29.4%34.3%44.8%1.3%26.9%
FCF/Rev LTM-6,819.6%29.2%28.6%25.0%39.3%-0.9%26.8%
FCF/Rev 3Y Avg-15,838.9%22.0%26.3%25.4%40.4%-1.9%23.7%

Valuation

ATOMSNPSCDNSLSCCRMBSCEVAMedian
NameAtomera Synopsys Cadence .Lattice .Rambus CEVA  
Mkt Cap0.190.890.314.79.50.812.1
P/S580.89.614.722.512.07.113.3
P/Op Inc-5.387.449.7266.032.6-85.141.1
P/EBIT-5.647.245.9266.030.1-85.138.0
P/E-5.684.465.4403.735.8-74.850.6
P/CFO-8.530.945.960.327.5215.738.4
Total Yield-19.3%1.2%1.6%0.3%2.8%-1.3%0.7%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-12.6%2.0%1.6%1.6%3.3%-0.3%1.6%
D/E0.00.10.00.00.00.00.0
Net D/E-0.30.10.0-0.0-0.1-0.2-0.0

Returns

ATOMSNPSCDNSLSCCRMBSCEVAMedian
NameAtomera Synopsys Cadence .Lattice .Rambus CEVA  
1M Rtn-30.6%-3.2%-6.1%-20.1%-21.0%-21.0%-20.6%
3M Rtn-42.1%17.4%-3.1%-22.5%-12.0%-19.1%-15.5%
6M Rtn-69.0%-5.6%-6.7%-12.5%-25.0%-13.0%-12.8%
12M Rtn13.9%6.4%-1.6%46.9%-16.3%5.7%6.0%
3Y Rtn-44.0%-2.8%32.2%85.7%52.4%50.5%41.4%
1M Excs Rtn-26.0%0.1%-3.6%-16.4%-16.8%-17.0%-16.6%
3M Excs Rtn-35.1%20.7%0.3%-14.2%-6.7%-12.0%-9.3%
6M Excs Rtn-73.2%-9.6%-10.6%-16.4%-28.9%-16.9%-16.7%
12M Excs Rtn-7.5%-6.0%-13.0%36.3%-24.2%-2.5%-6.8%
3Y Excs Rtn-137.4%-81.4%-41.8%-31.4%-12.0%-11.4%-36.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment00100
Total00100


Operating Income by Segment
$ Mil20252024
Single Segment-21-19
Total-21-19


Net Income by Segment
$ Mil20252024
Single Segment-20-18
Total-20-18


Assets by Segment
$ Mil20232016
Single Segment2427
Total2427


Price Behavior

Price Behavior
Market Price$3.05 
Market Cap ($ Bil)0.1 
First Trading Date08/05/2016 
Distance from 52W High-74.8% 
   50 Days200 Days
DMA Price$3.88$5.51
DMA Trenddownup
Distance from DMA-21.5%-44.6%
 3M1YR
Volatility59.8%139.2%
Downside Capture338.63424.74
Upside Capture67.11384.34
Correlation (S&P 500)31.3%33.3%
ATOM Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.991.762.123.803.662.73
Up Beta-6.122.483.574.381.512.11
Down Beta-0.502.171.771.903.342.10
Up Capture-24%85%77%357%2197%17999%
Bmk +ve Days12182862130427
Stock +ve Days9223054108338
Down Capture334%223%284%298%187%114%
Bmk -ve Days10253664121325
Stock -ve Days13213472139401

[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 ATOM
ATOM-3.5%139.2%0.55-
Sector ETF (XLK)17.9%27.3%0.5838.4%
Equity (SPY)11.6%12.8%0.5733.5%
Gold (GLD)-2.4%28.6%-0.1010.5%
Commodities (DBC)42.0%20.9%1.56-6.5%
Real Estate (VNQ)10.6%13.7%0.487.6%
Bitcoin (BTCUSD)-29.9%43.5%-0.7023.2%

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 ATOM
ATOM-33.8%105.2%0.08-
Sector ETF (XLK)18.1%26.2%0.6243.7%
Equity (SPY)12.0%17.1%0.5240.5%
Gold (GLD)16.5%19.0%0.697.4%
Commodities (DBC)8.3%19.6%0.313.3%
Real Estate (VNQ)1.0%18.9%-0.0624.4%
Bitcoin (BTCUSD)5.0%51.5%0.2822.7%

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 ATOM
ATOM-9.4%95.6%0.33-
Sector ETF (XLK)23.3%25.2%0.8436.8%
Equity (SPY)15.2%17.9%0.7134.0%
Gold (GLD)11.5%16.5%0.578.1%
Commodities (DBC)7.8%18.1%0.348.1%
Real Estate (VNQ)5.4%20.7%0.2222.4%
Bitcoin (BTCUSD)61.1%66.2%1.0114.9%

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

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity6.2 Mil
Short Interest: % Change Since 9302026-1.3%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest11.2 days
Basic Shares Quantity38.9 Mil
Short % of Basic Shares15.9%

Earnings Returns History

Updated 11/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/20261.2%  
8/4/2026-7.3%-1.4%-29.2%
5/5/2026-13.5%-20.9%-14.3%
2/12/202664.0%192.9%99.6%
10/28/2025-2.5%-12.6%-26.8%
8/5/2025-22.9%-19.3%-29.6%
5/6/202518.5%41.6%19.7%
2/11/2025-38.5%-26.9%-37.2%
...
SUMMARY STATS   
# Positive1199
# Negative131414
Median Positive18.5%40.5%29.4%
Median Negative-13.5%-17.8%-24.7%
Max Positive64.0%192.9%99.6%
Max Negative-38.5%-28.6%-37.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/20261.2%  
8/4/2026-7.3%-1.4%-29.2%
5/5/2026-13.5%-20.9%-14.3%
2/12/202664.0%192.9%99.6%
10/28/2025-2.5%-12.6%-26.8%
8/5/2025-22.9%-19.3%-29.6%
5/6/202518.5%41.6%19.7%
2/11/2025-38.5%-26.9%-37.2%
10/29/202428.2%34.5%75.4%
7/30/202413.2%-4.5%-12.6%
4/25/2024-17.1%-17.1%-21.4%
2/13/2024-13.4%-21.8%-26.2%
11/1/2023-4.0%-15.2%17.7%
8/2/2023-11.5%-12.8%-23.2%
4/26/202332.8%87.9%81.4%
2/15/2023-16.0%-13.7%-16.4%
11/9/20226.6%8.3%-16.3%
8/2/20226.6%15.4%6.2%
4/27/202221.8%44.6%29.4%
2/15/20221.9%-19.3%-26.5%
10/28/2021-5.8%9.1%1.4%
8/3/202123.3%40.5%40.6%
4/28/2021-24.8%-28.6%-15.7%
2/10/2021-13.8%-18.6%-36.0%
SUMMARY STATS   
# Positive1199
# Negative131414
Median Positive18.5%40.5%29.4%
Median Negative-13.5%-17.8%-24.7%
Max Positive64.0%192.9%99.6%
Max Negative-38.5%-28.6%-37.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202610/30/202610-Q
06/30/202608/06/202610-Q
03/31/202605/05/202610-Q
12/31/202502/24/202610-K
09/30/202510/29/202510-Q
06/30/202508/05/202510-Q
03/31/202505/08/202510-Q
12/31/202403/04/202510-K
09/30/202410/29/202410-Q
06/30/202407/30/202410-Q
03/31/202404/30/202410-Q
12/31/202302/15/202410-K
09/30/202311/01/202310-Q
06/30/202308/02/202310-Q
03/31/202304/26/202310-Q
12/31/202202/15/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202610/30/202610-Q
06/30/202608/06/202610-Q
03/31/202605/05/202610-Q
12/31/202502/24/202610-K
09/30/202510/29/202510-Q
06/30/202508/05/202510-Q
03/31/202505/08/202510-Q
12/31/202403/04/202510-K
09/30/202410/29/202410-Q
06/30/202407/30/202410-Q
03/31/202404/30/202410-Q
12/31/202302/15/202410-K
09/30/202311/01/202310-Q
06/30/202308/02/202310-Q
03/31/202304/26/202310-Q
12/31/202202/15/202310-K
09/30/202211/09/202210-Q
06/30/202208/02/202210-Q
03/31/202204/27/202210-Q
12/31/202102/15/202210-K
09/30/202111/01/202110-Q
06/30/202108/04/202110-Q
03/31/202105/07/202110-Q
12/31/202002/19/202110-K
09/30/202011/03/202010-Q
06/30/202008/07/202010-Q
03/31/202005/11/202010-Q
12/31/201903/13/202010-K

Insider Activity

Updated 11/3/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Mears, Robert JChief Technology OfficerDirectSell110320263.401,0003,400870,522Form
2Mears, Robert JChief Technology OfficerDirectSell110320264.381,0004,3801,125,818Form
3Mears, Robert JChief Technology OfficerDirectSell90320263.876,31224,427998,599Form
4Laurencio, FrancisCFODirectSell90320264.056,50426,341999,738Form
5Mears, Robert JChief Technology OfficerDirectSell90320264.056,36725,7861,070,609Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Mears, Robert JChief Technology OfficerDirectSell110320263.401,0003,400870,522Form
2Mears, Robert JChief Technology OfficerDirectSell110320264.381,0004,3801,125,818Form
3Mears, Robert JChief Technology OfficerDirectSell90320263.876,31224,427998,599Form
4Laurencio, FrancisCFODirectSell90320264.056,50426,341999,738Form
5Mears, Robert JChief Technology OfficerDirectSell90320264.056,36725,7861,070,609Form
6Bibaud, Scott ACEO and PresidentDirectSell90320264.0513,75655,7122,762,120Form
7Mears, Robert JChief Technology OfficerDirectSell80420265.051,0005,0501,367,111Form
8Mears, Robert JChief Technology OfficerDirectSell70220268.401,0008,4002,282,406Form
9Mears, Robert JChief Technology OfficerDirectSell61720269.468,18277,4022,579,884Form
10Laurencio, FrancisCFODirectSell61720269.4420,400192,5762,391,652Form
11Bibaud, Scott ACEO and PresidentDirectSell61720269.3750,000468,5006,519,281Form
12Mears, Robert JChief Technology OfficerDirectSell61020268.7518,012157,6052,352,954Form
13Mears, Robert JChief Technology OfficerDirectSell61020268.2637,156306,8732,220,932Form
14Bibaud, Scott ACEO and PresidentDirectSell60220269.5213,980133,0906,623,645Form
15Mears, Robert JChief Technology OfficerDirectSell60220269.525,45351,9042,645,623Form
16Laurencio, FrancisCFODirectSell60220269.526,61062,9082,411,179Form
17Mears, Robert JChief Technology OfficerDirectSell30320264.953,97919,696836,050Form
18Laurencio, FrancisCFODirectSell30320264.954,79923,755720,022Form
19Bibaud, Scott ACEO and PresidentDirectSell30320264.9510,07549,8713,513,218Form
20Laurencio, FrancisCFODirectSell22320267.2521,834158,2961,204,094Form
21Mears, Robert JChief Technology OfficerDirectSell120220252.393,6148,637444,688Form
22Laurencio, FrancisCFODirectSell120220252.394,45110,638396,936Form
23Bibaud, Scott ACEO and PresidentDirectSell120220252.399,34122,3251,209,364Form
Core Cache Last Updated: 11/3/2026