ALMUAeluma, Inc.
Aeluma, Inc. (ALMU) sells advanced semiconductor solutions focused on quantum computing and next-generation materials for AI and defense applications. The next catalyst is Jan 6, 2027 — CES 2027 Technology Showcase & Roadmap Update, which will test the company’s ability to deliver tangible product progress and roadmap clarity amid a crowded and capital-intensive semiconductor landscape.
- Revenue in the latest period ended March 31, 2026, was $5.13M, but net income was -$3.69M, with a net margin of -71.8% TTM.
- Free cash flow was -$5.58M TTM, and the company remains unprofitable despite a -4.4% YoY revenue decline.
- Leverage is low at 0.06x debt-to-equity, but cash flow is a persistent challenge.
The Read
3% after a Q2 FY2026 EPS miss that shattered high expectations, then declined about 6.
The schedule
- Wed6Jan
The showcase tests the company's ability to showcase product innovation and secure partnerships, which could shift investor sentiment from the last event where technical pullbacks limited upside.
- Fri12Feb
The earnings release will test the company's ability to maintain revenue growth and margin expansion, contrasting with the last print where a pullback occurred due to mixed guidance.
- Wed24Mar
The update tests the company's ability to secure high-value partnerships or sampling deals, which could shift investor sentiment from the last event where technical pullbacks limited upside.
- Wed19May
The investor day tests the company's ability to communicate its long-term vision and strategic priorities, which could shift investor sentiment from the last event where technical pullbacks limited upside.
- Thu20May
The earnings release will test the company's ability to maintain revenue growth and margin expansion, contrasting with the last print where a pullback occurred due to mixed guidance.
- Thu20May
The earnings report and outlook will test the company's ability to deliver consistent revenue and margin improvements, unlike the last print which saw a sharp pullback due to guidance cuts.
- Wed25Aug
Past
- Tue11Aug
Actual outcome: Bear · $12.47 at outcome
Aeluma reported Q2 2026 results with an EPS actual of -0.1, matching the estimate, but the stock fell 31.2% from the event date to the outcome date. The significant decline was driven by weak cash burn metrics and limited progress in silicon photonics commercialization, which raised concerns about the company's ability to execute on its growth strategy and meet long-term financial targets.
Aeluma reports Q2 2026 results with a focus on silicon photonics commercialization progress and cash burn metrics following recent capital raises.
- Wed6May
Actual outcome: Bull · $24.83 at outcome
Aeluma reported in-line Q3 FY2026 EPS of -$0.10, meeting analyst estimates. The stock surged past the bull target, driven by bullish analyst coverage highlighting its disruptive technology and the strategic appointment of a veteran Intel executive to lead its foundry strategy and ecosystem partnerships, which reinforced confidence in the company's commercial scaling and AI optical roadmap.
- Thu5Mar
Actual outcome: Bear · $14.95 at outcome
Despite positive industry news highlighting tailwinds from Nvidia's $4B optics push and the appointment of a new VP of Materials Operations to scale wafer production, the stock fell 5.0% by the outcome date. The decline aligned with an anticipated technical pullback and valuation reset, as the market digested prior gains and potential selling pressure outweighed the broader sector optimism.
- Wed11Feb
Actual outcome: Bear · $15.94 at outcome
Aeluma reported a significant EPS miss for Q2 FY2026, posting -$0.11 versus the estimated -$0.05, representing a 120% miss on profitability expectations. Despite the stock being flat immediately after the announcement, the failure to deliver the exceptional execution required by its high valuation ultimately drove the stock lower, resulting in the price falling well below the $16.00 bear floor.
