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Everspin/$MRAM

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About Everspin

Everspin Technologies Inc is a manufacturer of Magnetoresistive Random Access Memory (MRAM) technology. The company manufactures MRAM products using both captive and third-party manufacturing capabilities. It purchases industry-standard complementary metal-oxide semiconductor (CMOS) wafers from semiconductor foundries and perform back end of line (BEOL) processing that includes magnetic-bit technology at leased 200mm fabrication facility in Chandler, Arizona. It also manufactures full-flow 300mm CMOS wafers with STT-MRAM magnetic-bit technology integrated in BEOL. The company's customers are in key markets, such as industrial, medical, automotive/transportation, aerospace, and data center.
Ticker
$MRAM
Sector
Semiconductors
Primary listing
NASDAQ
Employees
85

Everspin Metrics

BasicAdvanced
$332M
-
-$0.12
1.92
-

What the Analysts think about Everspin

Analyst ratings (Buy, Hold, Sell) for Everspin stock.
Analyst projections of the future price of Everspin stock.

Bulls say / Bears say

Q2 2026 revenue reached a record $18.7 million, up 42% year on year, with MRAM product sales up 38%; the company also forecast Q3 revenue of $19.5 million to $20.5 million. That pace suggests demand is broadening beyond a one-off contract. (Everspin)
A $40 million, two-and-a-half-year agreement with a US prime contractor adds engineering and foundry-services revenue tied to defence programmes, and Everspin had begun recognising revenue from it by Q2. It could also deepen the company’s position in the domestic defence supply chain. (Everspin, Everspin)
A partnership with Teledyne HiRel gives Everspin another route into aerospace and defence customers for its 256Mb STT-MRAM, with product availability expected in Q4 2026. Teledyne’s qualification and procurement support may help customers adopt the memory in demanding, long-life applications. (Everspin)
Despite stronger sales, Everspin reported a $3.6 million GAAP net loss in Q2, while operating expenses rose to $14.5 million, including about $4 million in litigation costs. Management said legal spending is likely to remain elevated, which could keep reported earnings under pressure. (SEC, Investing.com)
Revenue depends meaningfully on a small number of buyers: one customer accounted for 21% of Q2 revenue and another for 16%. Losing or reducing business with a major customer could therefore have an outsized effect on results. (SEC)
The company’s existing $14.6 million defence manufacturing-sustainment award is winding down, while its next-generation products still need development and customer qualification before they can contribute at scale. That leaves a timing gap if newer revenue streams take longer to ramp than expected. (The Motley Fool, The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 16 Oct 2026.

Everspin Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Everspin Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Everspin

Funds
Fund name
Fund size
$MRAM weighting
SPDR Russell 2000 US Small Cap€R2US
$5.3B0.01%
SPDR Russell 2000 US Small Cap£R2SC
$5.3B0.01%
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