Aeluma, Inc (ALMU) AI Stock Analysis

Aeluma, Inc. develops photonic and electronic technologies for communications and sensing in the United States. Founded in 2019 and based in Goleta, California, the company develops photodetectors, photodetector arrays, lasers, optical amplifiers, and related components. Its products serve applications across telecom, artificial intelligence, datacom, mobile, defense and aerospace, robotics, automotive, augmented reality/virtual reality, and quantum technologies.

Aeluma grew annual revenue from $193,339 in FY2023 to $919,000 in FY2024 and $4.7M in FY2025, before revenue fell 4.4% to $4.5M in FY2026. Across those three years, revenue generated a CAGR of 184.7%. Gross margin narrowed from 59.6% in FY2025 to 35.2% in FY2026. Operating margin stood at -228.3% in FY2026 as research and development expenses rose to $4.7M. Net income worsened to -$9.2M in FY2026 from -$3.0M in FY2025, resulting in an EPS of -$0.33. For the latest quarter ended June 30, 2026, quarterly revenue dropped 55.8% year-over-year.

As of June 30, 2026, Aeluma held $56.0M in cash and short-term investments and $2.0M in total debt, resulting in net cash of $54.0M. The company reported a current ratio of 30.32 and a debt-to-equity ratio of 0.04. In FY2026, operating cash flow was -$3.3M and free cash flow was -$3.3M. Cash usage during FY2026 included $646,000 in capital expenditures and $112,000 in share buybacks, while share count increased 65.9% over five years.

At a last close of $7.95 on October 16, 2026, Aeluma trades at a price-to-sales multiple of 34.4x and an enterprise-value-to-revenue multiple of 44.9x. These multiples stand well above the median of its US-listed Technology peers, which shows a price-to-sales ratio of 2.8x. Over the past year, the stock fell 57.6%, while the S&P 500 (SPY) returned 16.8%. The shares trade 54.1% below their 200-day average.

Wall Street coverage consists of 2 Strong Buy ratings, with zero Buy, Hold, Sell, or Strong Sell recommendations. The mean price target is $23.50, representing a 195.6% premium over the last close of $7.95. For the current fiscal year ending June 30, 2027, consensus estimates project revenue of $3.5M and an EPS of -$0.59. For the following fiscal year, 2 analysts project revenue of $18.9M and an EPS of -$0.58. Over the last four quarters, Aeluma beat EPS estimates once.

This page is an AI-written research summary of Aeluma, Inc (ALMU). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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