Weebit Nano posts record H1 revenue on ReRAM deals

Weebit Nano reported record half-year revenue of AUD $5.6 million for the six months ended 31 December 2025, as the memory technology developer expanded licensing and customer activity and reaffirmed its full-year revenue outlook.

Revenue rose more than eightfold from the same period a year earlier, and the company said it remains on track to meet FY26 revenue guidance of more than AUD $10 million.

Weebit Nano ended the half with cash at bank of AUD $82.7 million, which it said leaves it well-funded for growth.

Licensing Deals

A key commercial development was a licensing agreement with Texas Instruments covering its resistive random-access memory technology, known as ReRAM.

It also pointed to an existing licensing agreement with onsemi, saying the two deals have increased interest from other chipmakers and manufacturing partners.

Chief Executive Coby Hanoch described the Texas Instruments agreement as a marker of progress for the company and its technology in the wider market.

"The first half of FY26 has marked Weebit's strongest start to a fiscal year in the company's 10-year history as technical and commercial momentum continues to build. Our game-changing licensing agreement with Texas Instruments (TI) has firmly established our ReRAM leadership, and reinforced to the broader industry that ReRAM is the emerging NVM of choice for next-generation applications. Licensing agreements with TI and onsemi have increased the urgency of many leading foundries and IDMs to offer ReRAM to their customers, and these commercial negotiations are progressing well," said Coby Hanoch, CEO, Weebit Nano.

Manufacturing Progress

Alongside commercial activity, Weebit Nano reported technical milestones in manufacturing and qualification. It achieved technology qualification to JEDEC standards at DB HiTek.

It also taped out and received first test chips manufactured at onsemi, which it said are performing as expected.

Weebit Nano's business model centres on licensing its ReRAM technology to chipmakers and foundry partners. It positions ReRAM as a form of non-volatile memory, where data remains stored without power. Competing non-volatile memory technologies include flash memory, which dominates many consumer and industrial markets.

Customer Agreements

Weebit Nano said it secured multiple agreements with product companies during the half, and that these customers are integrating Weebit ReRAM into next-generation applications.

It did not name the product companies or provide revenue contributions from individual agreements.

US Expansion

Weebit Nano established a US subsidiary during the half, saying the move reflects growing adoption activity among product companies in the United States.

The expansion comes as semiconductor supply chains remain closely tied to North American design and procurement decisions, even when manufacturing takes place in Asia or Europe. For smaller technology suppliers, proximity to large chipmakers and electronics companies can influence the pace of design wins and commercial negotiations.

AI Focus

The company made a senior appointment linked to artificial intelligence, naming Gideon Intrater as Vice President of Systems and AI to drive its AI offering.

Weebit Nano also joined the Edge AI Foundation as a strategic partner. Industry groups such as these often bring together chip suppliers, software providers and end users, with a focus on use cases for AI deployed on devices rather than in centralised data centres.

Patent Portfolio

Weebit Nano said it was granted eight new patents during the half, adding that the grants strengthen its intellectual property portfolio.

Patents are a core part of licensing-based semiconductor business models and can also play a role in negotiations with potential partners seeking clarity on ownership of process know-how and the right to manufacture products at scale.

Outlook

Weebit Nano said it issued revenue guidance for the first time during the period, framing the step as part of its business maturing.

Hanoch said the half-year performance provides a base for meeting the company's full-year revenue target.

"Our significant progress over the past six months has seen us issue revenue guidance for the first time, an important milestone as we mature our business to deliver value for customers, partners and shareholders. Record revenue in the first half of the year ensures we are well on track to achieve FY26 revenue guidance of more than A$10 million," said Hanoch.