MRAM · Everspin Technologies Inc.
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;DR. Everspin reported record Q2 revenue of $18.7 million, up 42% year-over-year and above guidance, driven by 38% product growth and initial recognition from a $40 million U.S. defense subcontract; Q3 guidance of $19.5–$20.5 million also implies sequential growth, though GAAP results remain pressured by $4 million in litigation costs and product gross margin headwinds from rising back-end prices.
- + Record Q2 revenue of $18.7 million, up 42% YoY and exceeding guidance of $15.5–$16.5 million
- + MRAM product sales rose 38% YoY to $15.3 million, with strength in industrial automation, energy management, and aerospace and defense
- + Q3 revenue guidance of $19.5–$20.5 million implies continued sequential growth
- + Gross margin expanded to 53.9% from 51.3% YoY
- + Won first GEO satellite design win with AstroDigital using 64Mb STT-MRAM
- − GAAP net loss widened to $(3.6) million, or $(0.15) per share, vs. $(0.7) million prior year
- − GAAP operating expenses surged 66% YoY to $14.5 million, driven by $4 million in litigation costs and $1.1 million in NRE
- − Product gross margin headwinds from rising back-end (packaging/test/OSAT) prices are expected to persist
- − Q3 GAAP guidance reflects a net loss of $(0.05) to $(0.10) per share, with similar ~$4 million litigation run-rate
- − Operating cash flow fell to $0.2 million from $0.6 million in Q1, pressured by litigation costs
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Semiconductors — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MRAM
this stock
Everspin Technologies Inc.
|
$394.96M | +74.8% | +37.5% | — | 16.1% |
|
NVDA
Nvidia Corp
|
$5.26T | +17.0% | +65.5% | 27.6 | 1.2% |
|
TSM
Taiwan Semiconductor Manufacturing Co Ltd
|
$2.25T | +42.6% | — | — | 0.6% |
|
AVGO
Broadcom Inc.
|
$1.73T | +4.6% | +18.2% | 46.2 | 1.1% |
|
SKHY
SK hynix Inc.
|
$1.35T | — | — | — | 0.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MRAM | +2.3% | -3.6% | +85.4% | -0.2% | +74.8% |
| SPY | -1.2% | -1.8% | +17.8% | -0.4% | +12.1% |
| vs SPY | +3.5% | -1.9% | +67.5% | +0.2% | +62.7% |