07:19 AM EDT, 08/13/2026 (MT Newswires) -- Fermi (FRMI) reported a Q2 net loss Thursday of $0.04 per diluted share, widening from a loss of $0.02 a year earlier.

Three analysts surveyed by FactSet expected a loss of $0.06.

The company did not report revenue for the quarter ended June 30, as it remains pre-revenue and in the development phase.

Four analysts surveyed by FactSet expected revenue of $3 million.

Shares of Fermi were up 3.3% pre-bell.