Aeluma 2026 Q1 Earnings Strong Revenue Growth Amid Widening Net Loss

Aeluma (ALMU) reported Q1 2026 earnings on Nov 12, 2025, showcasing robust revenue growth despite deepening losses. The company’s fiscal 2026 Q1 revenue surged 187.9% year-over-year to $1.39 million, driven by government contracts, while full-year 2026 revenue guidance of $4.0–$6.0 million remains unchanged. Despite the revenue beat, Aeluma’s net loss widened to $1.49 million, reflecting elevated operating expenses and R&D investments.

Revenue

Government contracts were the primary revenue driver, contributing $1.34 million, while other products and services added $41 thousand. The 187.9% year-over-year increase underscores the company’s strategic focus on defense and aerospace partnerships, particularly with NASA and the U.S. Navy. This growth was fueled by a five-fold expansion in outsourced wafer fabrication and new R&D contracts, signaling stronger commercialization potential.

Earnings/Net Income

Aeluma’s losses deepened to $0.09 per share in Q1 2026, a 50.0% wider loss compared to $0.06 per share in Q1 2025. The net loss expanded to $1.49 million, a 104.5% increase from $730,000 in the prior year. The EPS shortfall reflects higher salaries, stock-based compensation, and capital expenditures for manufacturing readiness. While revenue growth is promising, the significant net loss highlights ongoing challenges in scaling profitability.

Price Action

The stock price of Aeluma has declined sharply in recent periods, dropping 3.04% on the latest trading day, 9.88% weekly, and 19.35% month-to-date. Despite this, historical data shows a positive short-term strategy: buying shares on revenue raise announcements and holding for 30 days yielded a 15.5% cumulative return over 36 months. The first month saw a 12.5% gain, followed by a 3% return in the second month, suggesting investor confidence in the company’s growth trajectory.

CEO Commentary

Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma, emphasized progress on strategic priorities: “We executed on key initiatives, including bolstering our balance sheet, expanding manufacturing readiness, and securing critical R&D contracts.” He noted the company’s focus on leveraging AI-driven demand for optical technologies and advancing commercialization. Klamkin acknowledged the GAAP net loss but highlighted a “solid financial position” and “positive market trends” as catalysts for long-term value creation.

Guidance

Aeluma reiterated its full-year 2026 revenue guidance of $4.0–$6.0 million, aligning with current market conditions. The company plans to secure 3–7 new development contracts, ramp manufacturing capacity, and qualify outsourced production processes. Management remains cautious about near-term profitability but emphasized that these investments are foundational for scalable revenue growth.

Additional News

Aeluma recently secured a NASA R&D contract to advance quantum computing and communication systems, marking a key validation of its technology. The company also announced a new five-year lease in Goleta, California, to accommodate workforce expansion and production scaling. Additionally, Aeluma filed two nonprovisional patents and added in-house test equipment, signaling progress toward commercialization. Strategic partnerships with production-scale foundries further underscore its commitment to scalable manufacturing.