Atomera Incorporated (ATOM) AI Stock Analysis

Atomera Incorporated develops, commercializes, and licenses proprietary processes and technologies tailored for the semiconductor industry across North America and the Asia Pacific. The company's core innovation is Mears Silicon Technology, a thin film of reengineered silicon functioning as a transistor channel enhancement for CMOS-type transistors to boost efficiency and performance. Founded in 2001 and headquartered in Los Gatos, California, Atomera serves foundries, integrated device manufacturers, fabless semiconductor makers, original equipment manufacturers, and electronic design automation firms. The business operates with 21 employees and completed its IPO in 2016.

Annual revenue declined from $550,000 in FY2023 to $135,000 in FY2024, and fell further by 51.9% to $65,000 in FY2025. Gross margin deteriorated to -393.8% in FY2025, down from 8.9% in FY2024 and 94.9% in FY2023. Operating losses widened, resulting in an operating margin of -32496.9% and a net loss of -$20.2M in FY2025, compared to a net loss of -$18.4M in FY2024. Over the five years from FY2020 to FY2025, revenue CAGR was 0.9%. For the trailing twelve months ending June 30, 2026, revenue stood at $230,000, with quarterly revenue growing 175.0% year-over-year and an EPS of -$0.65.

As of June 30, 2026, Atomera held cash and short-term investments of $38.4M and total debt of $1.2M, leaving net cash at $37.2M. Shareholders' equity was $37.1M out of $40.2M in total assets, supported by a current ratio of 17.02 and a debt-to-equity ratio of 0.03. In FY2025, free cash flow was -$14.9M and capital expenditures were $49,000. Over five years, the company's share count increased by 69.9%.

Atomera closed at $3.08 on October 16, 2026, representing a market cap of $120.2M and an enterprise value of $131.0M. The stock traded at a price-to-sales ratio of 522.6x and an EV-to-revenue ratio of 569.6x, compared to the median price-to-sales of 2.8x for its US-listed Technology peers. Its price-to-book ratio stood at 4.5x. Over the past year, the stock fell 35.0%, trailing the 16.8% return of the S&P 500. Over five years, the stock declined 87.1% while the S&P 500 gained 83.0%.

One analyst covers Atomera, issuing 1 Strong Buy rating, 0 Buy ratings, and 0 Hold or Sell ratings. The mean price target is $10.00, representing an upside of 224.7% over the last close of $3.08. Consensus estimates project revenue of $300,000 and an EPS of -$0.48 for the fiscal year ending December 31, 2026. For the following fiscal year, revenue is projected at $1.0M with an EPS of -$0.40. Atomera produced 0 EPS beats over the last four quarters. Its next earnings date is October 27, 2026.

This page is an AI-written research summary of Atomera Incorporated (ATOM). 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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