Slide 1: Q1 2026 Conference Call
Q1 2026 Conference Call May 5, 2026 Atomera Incorporated 1
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements concerning Atomera Incorporated (““Atomera,” the “Company,” “we,” “us,” and “our”). The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” and s
Slide 3: Mears Silicon Technology (MST)
Mears Silicon Transistor enhancement Technology technology for the High Leverage IP Licensing Business (MST®) $750B semiconductor market Model Quantum Engineered Materials Top Tier Strong, Growing and Management Team Defensible Patent Portfolio 3
Slide 4: Atomera's technology in AI
Atomera’s technology in AI ► Gate All Around transistors are the building blocks of AI ▪ Used on CPUs, GPUs, networking and logic ► Advanced transistors benefit from MST’s dopant control ▪ Improves performance, yield, reliability and lowers cost ► Next gen DRAMs face the same challenges as GAA ► Ato
Slide 5: MST technology focus areas
MST for Power MST MST for technology RF-SOI focus areas MST for Advanced Logic Nodes MST for DRAM MST for GaN Atomera 5
Slide 6: RF GaN – New market for MST
RF GaN – New market for MST ► GaN on Si is ideal for the RF market ▪ Silicon substrates are cost effective and scalable ► GaN on Si growth has challenges GaN stack GaN stack ▪ Unwanted, ionized Ga and Al atoms increase sheet charge at Si substrate interface ▪ “Parasitic Channel” created between Si a
Slide 7: Financial Review
Financial Review Income Statement Three Months Ended ($ in thousands, except per-share data) March 31, 2026 December 31, 2025 March 31, 2025 REVENUE $ 11 $ 50 $ 4 Gross Profit (115) (81) 4 OPERATING EXPENSES Research & Development 3,457 2,740 3,255 General and Administration 2,333 1,505 2,088 Sellin
Slide 8: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Reconciliation of GAAP to Non-GAAP Operating Expenses ($ in thousands, except per-share data) March 31, 2026 December 31, 2025 March 31, 2025 GAAP R&D Expenses $ 3,457 $ 2,740 $ 3,255 Subtract Stock Comp Expense (534) (516) (459) Subtract Depreciation and Amortization
Slide 9: Mission Statement
Mission Statement We collaborate with customers to improve their products, through integration of MST, so that both companies benefit financially Atomera Incorporated 9
Slide 10: Thank You
Thank You Atomera Incorporated 10