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Everspin Technologies Inc
NASDAQ:MRAM

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Everspin Technologies Inc
NASDAQ:MRAM
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Price: 9.12 USD 4.23% Market Closed
Market Cap: $208.5m

Everspin Technologies Inc
Investor Relations

Everspin Technologies, Inc. engages in the provision of magnetoresistive random access memory (MRAM) solutions. The company is headquartered in Chandler, Arizona and currently employs 75 full-time employees. The company went IPO on 2016-10-07. The Company’s MRAM solutions offer non-volatile memory with the speed and endurance of random access memory (RAM) and enable the protection of critical data, particularly in the event of power interruption or failure. Its products include Toggle MRAM, offers products with industry standard interfaces, including Parallel, Serial Peripheral Interface (SPI) and Quad SPI (QSPI) interfaces; Spin-transfer Torque MRAM (STT-MRAM), offer products with standard DDR3 and DDR4 derivative interfaces; and Tunnel Magneto Resistance (TMR) Sensors, offers die-level devices integrated into consumer electronic applications that utilize a three-dimensional (3D) compass function. The company serves various markets, such as medical, automotive/transportation, aerospace, and data center. The firm sells its products directly and through its distribution channels to original equipment manufacturers (OEMs).

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 4, 2026
AI Summary
Q4 2025

Revenue: Q4 revenue was $14.8 million, up 12% year-over-year and toward the high end of the company's $14.0–$15.0 million guidance.

Profitability: Fourth-quarter non‑GAAP net income was $2.6 million, or $0.11 per diluted share, in line with the company's guidance range.

Product strength: MRAM product sales were $13.5 million (up 22% YoY), driven by data center, energy management and industrial automation demand.

New ramps: PERSYST 64‑Mbit xSPI STT‑MRAM reached full production and shipments began; 128‑Mbit and 256‑Mbit HR parts are being qualified for H2 2026.

Strategic wins: $14.6 million DoD-related contract (of which $10.5 million recognized to date) and partnerships with Microchip, Lattice and chiplet/auto/pace initiatives.

Guidance: Q1 2026 revenue expected to be $14.0–$15.0 million; non‑GAAP EPS guidance of $0.07–$0.12; GAAP EPS expected between -$0.03 and $0.02.

Long-term goal: Management reiterated a target of $100 million in annual revenue in 3–5 years, driven by persist xSPI products, Toggle MRAM and licensing/Unisys family.

Key Financials
Revenue
$14.8 million
MRAM product sales
$13.5 million
Licensing, royalty, patent and other revenue
$1.3 million
Non‑GAAP net income
$2.6 million
Non‑GAAP EPS
$0.11 per diluted share
GAAP gross margin
50.8%
GAAP operating expenses
$8.6 million
Other income (contract-related)
$2.0 million in Q4; $10.5 million year-to-date
Cash and cash equivalents
$44.5 million
GAAP net income (Q1 guidance)
between -$0.03 and $0.02 per fully diluted share
Earnings Call Recording
Other Earnings Calls

Management

Dr. Sanjeev Aggarwal Ph.D.
President, CEO & Director
No Bio Available
Mr. David Schrenk
Vice President of Sales & Business Development
No Bio Available
Mr. Matthew Tenorio
Interim Chief Financial Officer
No Bio Available
Mr. Amit Shah
Vice President of Operations
No Bio Available
Mr. Kerry Nagel
Vice President of Technology
No Bio Available
Ms. Aparna Oka
Corporate Controller
No Bio Available

Contacts

Address
ARIZONA
Chandler
5670 W Chandler Blvd Ste 100
Contacts
+14803471111.0
www.everspin.com
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