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Aeluma Announces Third Quarter Fiscal 2026 Financial Results
Recently Secured More Than $4 Million in Contracts for Quantum Dot Lasers and MaterialsReceived NASA Award for Integrated Quantum Dot Lasers Announced
About this update from Aeluma, Inc.
[{"type":"text","content":"Recently Secured More Than $4 Million in Contracts for Quantum Dot Lasers and MaterialsReceived NASA Award for Integrated Quantum Dot Lasers Announced Partnerships with Tower Semiconductor and Sumitomo Chemical Advanced Technologies for Wafer Production and FabricationAppointed Vice President of Materials Operations and Vice President of Strategic Partnerships and EcosystemCash and Cash Equivalents as of March 31, 2026 of $37.8 Million GOLETA, Calif., May 13, 2026 (GLOBE NEWSWIRE) -- Aeluma, Inc. (NASDAQ: ALMU) (“Aeluma” or the “Company”), a transformative semiconductor company specializing in high-performance and scalable technologies, today reported financial results for its third quarter of fiscal 2026 ended March 31, 2026. Management Commentary “This quarter reinforced Aeluma’s strategy as we have experienced a major uptick in commercial interest,” said Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma. “The massive AI data center buildout is outpacing the scale of the photonics supply chain. Customers are considering our technology to address near-term supply gaps, and for long-term growth opportunities.” “The industry is experiencing constraints around indium phosphide technology that we highlighted years ago—and that dynamic is creating both urgency and opportunity for Aeluma,” Dr. Klamkin continued. “These market forces validate the core thesis behind our platform and underscore the relevance of the solutions we’ve been developing.” “We have made considerable progress in our commercialization path with important manufacturing partnerships to enable scaling, senior hires to support operations and strategy, and additional non-dilutive capital. With six new development engagements totaling $5 million in value, we have already met our objective of onboarding three to seven new contracts for fiscal 2026.” “Our recent participation at the Optical Fiber Communication (OFC) Conference reinforced that the industry is looking beyond short-term fixes and toward platforms that can enable long-term growth. That shift in perspective plays directly to Aeluma’s strengths. Beyond AI infrastructure, we continue to advance opportunities across mobile, defense, and quantum. Engagements are becoming more targeted and more closely aligned with commercialization paths,” concluded Dr. Klamkin. Recent Company Highlights Growing Market Traction ...