Aeluma 2026 Q1 Earnings Revenue Surges 187.9% but Net Loss Widens 104.5%

Aeluma (ALMU) reported fiscal 2026 Q1 earnings on Nov 12, 2025, with revenue surging 187.9% year-over-year to $1.39 million, surpassing expectations. Despite this growth, the company’s net loss expanded to $1.49 million, a 104.5% increase from 2025 Q1. The full-year 2026 revenue guidance of $4.0–$6.0 million remains unchanged, reflecting confidence in scaling operations and contract momentum.

Revenue

Aeluma’s total revenue surged to $1.39 million in 2026 Q1, a 187.9% increase from $481,000 in 2025 Q1. This growth was driven by government contracts, including a new NASA R&D agreement and expanded U.S. Navy collaborations. Commercial product and service revenue contributed $41,000, while government contracts accounted for $1.34 million. The company also ramped up outsourced wafer fabrication by nearly five-fold and secured in-house test equipment to support manufacturing readiness.

Earnings/Net Income

Aeluma’s losses deepened to $0.09 per share in 2026 Q1, a 50.0% wider loss compared to $0.06 per share in 2025 Q1. The net loss widened to $1.49 million, reflecting a 104.5% increase from $730,000 in the prior year. Elevated operating expenses, driven by higher compensation and material costs, contributed to the deteriorating profit margin. The EPS decline signals ongoing operational challenges despite revenue growth.

Post-Earnings Price Action Review

The strategy of buying Aeluma shares on the date of its revenue raise announcement and holding for 30 days yielded positive returns. The cumulative return was 15.5% over 36 months, with a 12.5% return in the first month and a 3% return in the second month. This indicates a promising short-term strategy aligned with the company’s growth prospects.

Recent price action has been volatile, with a 3.04% drop in a single trading day, a 9.88% decline over the past week, and a 19.35% slump month-to-date. Despite the near-term sell-off, the 30-day post-announcement strategy remains robust, suggesting investor confidence in Aeluma’s long-term potential.

CEO Commentary

Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma, emphasized the company’s progress in executing strategic priorities, including a capital raise to strengthen the balance sheet, key talent additions, and advancements toward commercialization. He highlighted the NASA contract as a validation of Aeluma’s technology and expressed optimism about the AI-driven demand for photonic components. The tone was cautiously optimistic, acknowledging the need to convert R&D momentum into sustainable revenue while managing operating costs.

Guidance

For full-year 2026, Aeluma expects revenue in the range of $4.0–$6.0 million, aligning with current market conditions. The company aims to secure 3–7 new development contracts, advance manufacturing processes, and expand its patent portfolio. Forward-looking statements include plans to utilize capital for operational growth, product development, and working capital.

Additional News

Aeluma recently secured a NASA contract to advance quantum computing and communication systems, alongside U.S. Navy contracts for photodetector development. The company also initiated a new five-year lease in Goleta, California, to accommodate headcount growth. These developments underscore Aeluma’s focus on government partnerships and manufacturing scalability.

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