Aeluma Q2 Loss Narrows to $1.9M, Cash Rises to $38.6M, Secures NASA Contract
Aeluma reported Q2 fiscal 2026 revenue of $1.3 million with a GAAP net loss of $1.9 million, narrowing from $2.9 million a year earlier. Cash surged to $38.6 million while the company secured NASA and RFSUNY contracts and expanded its patent portfolio to 35 filings.
1. Second Quarter Financial Performance
Aeluma reported revenue of $1.3 million in Q2 FY2026, down from $1.6 million a year earlier and $1.4 million last quarter. GAAP net loss narrowed to $1.9 million ($0.11 per share) versus $2.9 million ($0.24) in Q2 FY2025, while adjusted EBITDA loss was $917 thousand.
2. Contract Wins and Technology Progress
During the quarter, Aeluma secured a NASA contract for quantum technologies and additional RFSUNY funding for silicon photonics lasers, expanding its IP portfolio to 35 issued and pending patents. The company also appointed a new Senior VP of Business Development and ramped wafer fabrication partnerships to advance its semiconductor photonics platform toward commercialization.
3. Cash Position and Outlook
Cash and cash equivalents rose to $38.6 million at December 31, 2025, up from $15.7 million six months earlier, underpinning operations and R&D investments. Aeluma reaffirmed full-year revenue guidance of $4.0–6.0 million and plans to focus on new contract wins, team expansion, and manufacturing readiness to drive growth.