Aeluma Shifts Focus to AI Datacom and Reports Fiscal 2026 Financial Results
Aeluma, Inc., a photonics technology company listed on NASDAQ as ALMU, has shifted its near-term commercialization focus almost entirely toward artificial intelligence (AI) datacenter connectivity. The firm is developing high-speed photodetectors and quantum-dot lasers to address growing demand for faster optical interconnects amid supply constraints in traditional indium phosphide substrates. Fiscal 2026 revenue remained flat at $4.5 million, while the GAAP net loss widened significantly from $3 million a year earlier to $9.2 million due to increased hiring and operating expenses. Despite this, Aeluma ended the fiscal year with strong liquidity—$56 million in cash and no debt—after raising $20.1 million through stock sales. Looking ahead, the company expects approximately $2.3 million in government-contract revenue for 2027 and is pursuing commercial NRE agreements and a potential CHIPS R&D award of up to $30 million. Aeluma also plans capital expenditures between $10 million and $12 million primarily for MOCVD reactors and production infrastructure.
Tickers: $ALMU
Topics: AI datacenter connectivity capital raising photonics technology revenue performance