EVERSPIN TECHNOLOGIES (MRAM) Company Report

Everspin Technologies, Inc. (MRAM) received notice on January 28, 2026, that Avalanche Technology, Inc. filed a lawsuit in the United States District Court for the District of Delaware and a patent infringement complaint with the U.S. International Trade Commission.
The complaints assert that Everspin's Spin-transfer Torque Magnetoresistive Random Access Memory products infringe Avalanche's U.S. Patent Nos. 9,318,179, 9,419,210, 11,678,586, and 10,490,737.
The claims do not implicate Everspin's Toggle Magnetoresistive Random Access Memory products or Sensor devices.
Everspin Technologies, Inc. intends to vigorously defend itself against these claims, believing it has meritorious arguments.

4 days ago

8-K

Everspin Technologies Discusses MRAM Leadership, Market Opportunities, and U.S. Manufacturing Initiatives

MRAM

New Projects/Investments

Product Launch

Everspin Technologies is a leader in MRAM technology, offering both Toggle MRAM (up to 32 megabit) and STT MRAM (up to 1 gigabit), with key applications in industrial automation, casino gaming, low Earth orbit (LEO) satellites, and aerospace and defense due to its data persistence, low latency, and radiation immunity.
The company manufactures Toggle MRAM at its eight-inch U.S. factory and STT MRAM at GlobalFoundries, and has also brought on TSMC as a foundry. This U.S. manufacturing capability makes it a unique supplier, attracting interest from the U.S. government for national security applications.
Everspin generates revenue from product sales and IP licensing, with its licensing and royalty business, built on over 650 patents, targeted to be 10%-15% of revenue.
The company sees significant opportunity in the LEO satellite market, with estimates of 70,000 satellites over the next five years, potentially using 4-10 MRAM units per satellite at an average selling price (ASP) of $50-$100.
Everspin responded to a U.S. Department of the Navy Request for Information (RFI) in October 2025 regarding establishing a domestic 300mm MRAM production capability for national security, expecting an RFP and potential partnership by the end of 2026.

Jan 13, 2026, 7:15 PM

Transcript

Everspin Technologies Discusses MRAM Leadership, Key Markets, and Government Initiatives

MRAM

New Projects/Investments

Everspin Technologies is a leader in MRAM technology, commercializing Toggle MRAM for industrial automation and aerospace/defense, and Spin Transfer Torque MRAM (STT-MRAM) for data centers (e.g., IBM) and low Earth orbit (LEO) satellites.
The company operates an eight-inch manufacturing line in the U.S. for Toggle MRAM, making it the sole U.S. supplier, and partners with GlobalFoundries and TSMC for STT-MRAM production.
Everspin generates revenue from IP licensing and royalties, aiming for 10%-15% of total revenue, and holds over 650 patents in MRAM technology.
The company has secured design wins with Blue Origin and Astro Digital in the LEO satellite market, which is projected to involve 70,000 satellites over the next five years, with each potentially using 4-8 MRAM units.
Everspin responded to a U.S. Department of the Navy Request for Information (RFI) in October (following a September 2025 RFI) regarding establishing a domestic 300mm MRAM production capability for national security applications, anticipating an RFP and potential partnership by year-end.

Jan 13, 2026, 7:15 PM

Transcript

Everspin Technologies Discusses MRAM Market, US Government Initiative, and Growth Opportunities

MRAM

New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

Everspin Technologies, a leader in MRAM technology, offers Toggle MRAM for industrial automation, casino gaming, and aerospace/defense applications, and Spin Transfer Torque (STT) MRAM for higher densities, including a 1-gigabit product currently shipping to IBM for data center cache memory.
The company identifies significant market opportunities, particularly in low Earth orbit (LEO) satellites, with an estimated 70,000 satellites expected over the next five years, potentially using 4-10 MRAM units per satellite at an average selling price (ASP) of $50-$100. Everspin also targets the $3-4 billion NOR Flash market and the $700 million data logging market.
Everspin generates revenue through product sales and IP licensing, holding over 650 patents and licensing its technology to partners like GlobalFoundries, Honeywell, and Bosch, with licensing revenue targeted at 10%-15% of total revenue.
The company is actively engaged with the U.S. Department of the Navy regarding a request for information (RFI) for a domestic 300mm MRAM production capability for national security applications, having submitted a response in October 2025 and expecting a request for proposal (RFP) later in 2026.

Jan 13, 2026, 7:15 PM

Transcript

Everspin Technologies Reports Q3 2025 Results and Provides Q4 2025 Guidance

MRAM

Earnings

Guidance Update

New Projects/Investments

Everspin Technologies (MRAM) reported Q3 2025 revenue of $14.1 million and non-GAAP EPS of $0.06 per diluted share, with revenue in line with guidance and EPS at the high end of expectations.
The company's GAAP gross margin improved to 51.3% in Q3 2025, up from 49.2% in Q3 2024, driven by higher product sales and improving yields on STT products.
Performance was boosted by strength in low-earth orbital (LEO) applications, casino gaming, energy management, and continued demand from the data center business. Other income included $1.2 million from a DoD contract, which is expected to pick up meaningfully in Q4.
Everspin ended Q3 2025 with a strong balance sheet, holding $45.3 million in cash and cash equivalents.
For Q4 2025, Everspin anticipates total revenue between $14 million and $15 million, and non-GAAP net income per diluted share between $0.08 and $0.13.

Nov 5, 2025, 10:00 PM

Transcript

Everspin Technologies Reports Q3 2025 Financial Results

MRAM

Earnings

Guidance Update

New Projects/Investments

Everspin Technologies reported Q3 2025 revenue of $14.1 million and non-GAAP EPS of $0.06 per diluted share, with revenue in line with guidance and EPS towards the high end of expectations.
The company's performance was driven by strength across all products, particularly in low-earth orbital (LEO) applications, casino gaming, and energy management, with MRAM product sales up 22% over Q3 2024 to $12.7 million.
Everspin ended the quarter with a strong balance sheet, holding $45.3 million in cash and cash equivalents.
For Q4 2025, the company expects total revenue in the range of $14 million-$15 million and non-GAAP net income per fully diluted share between $0.08 and $0.13.

Nov 5, 2025, 10:00 PM

Transcript

Everspin Technologies Announces Q3 2025 Financial Results

MRAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Everspin Technologies (MRAM) reported Q3 2025 revenue of $14.1 million, representing a 16% increase year-over-year, and non-GAAP EPS of $0.06 per diluted share.
The company provided Q4 2025 revenue guidance in the range of $14 million to $15 million and non-GAAP net income per diluted share guidance between $0.08 and $0.13.
Performance was driven by strength in low-earth orbital (LEO) applications, casino gaming, energy management, and continued demand for data center products, with revenue from IBM's Flash Core Module 4 remaining consistent with the prior quarter.
GAAP gross margin improved to 51.3% for Q3 2025, up from 49.2% in Q3 2024, due to improving yields on STT products, and cash and cash equivalents increased to $45.3 million.

Nov 5, 2025, 10:00 PM

Transcript

Everspin Technologies, Inc. Announces Q3 2025 Financial Results and Q4 2025 Outlook

MRAM

Earnings

Guidance Update

Everspin Technologies, Inc. reported total revenue of $14.1 million for the third quarter ended September 30, 2025, an increase from $12.1 million in the third quarter of 2024.
GAAP net income was $54,000, or $0.00 per diluted share, for Q3 2025, compared to net income of $2.3 million, or $0.10 per diluted share, in the third quarter of 2024.
The company's gross margin improved to 51.3% in Q3 2025 from 49.2% in Q3 2024.
As of September 30, 2025, cash and cash equivalents increased to $45.3 million.
For the fourth quarter of 2025, Everspin expects total revenue to be in the range of $14.0 million to $15.0 million and GAAP net income per diluted share between $0.02 and $0.07.

Nov 5, 2025, 9:09 PM

8-K

Everspin Technologies Announces Unaudited Third Quarter 2025 Financial Results

MRAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Everspin Technologies reported total revenue of $14.1 million for the third quarter ended September 30, 2025, an increase from $12.1 million in the prior year's quarter.
GAAP net income for Q3 2025 significantly decreased to $54,000, or $0.00 per diluted share, compared to $2.3 million, or $0.10 per diluted share, in Q3 2024.
Non-GAAP net income also saw a decline, reaching $1.5 million, or $0.06 per diluted share, in Q3 2025, down from $3.8 million, or $0.17 per diluted share, in Q3 2024.
The company's cash and cash equivalents stood at $45.3 million as of September 30, 2025, reflecting a $3.2 million increase since December 31, 2024.
For the fourth quarter of 2025, Everspin anticipates total revenue in the range of $14.0 million to $15.0 million, with GAAP diluted EPS between $0.02 and $0.07, and non-GAAP diluted EPS between $0.08 and $0.13.

Nov 5, 2025, 9:00 PM

Press Release

Everspin Technologies Outlines Growth Strategy and Financial Position at Q3 Investor Summit

MRAM

Guidance Update

Product Launch

New Projects/Investments

Everspin Technologies, a leading provider of embedded MRAM technology, reported $26 million in revenue for the first half of 2025 and holds a strong financial position with $45 million in cash as of June 30 and zero debt.
The company aims to double its revenue from approximately $50 million to $100 million in the next three years, driven by an expanding total addressable market projected to exceed $4.3 billion by 2029.
A key growth driver is the new Genesis product, designed to replace NOR flash, which targets a $3.5 billion market by 2029 and is expected to enter production in Q2 2026.
Everspin is expanding its manufacturing capabilities by partnering with TSMC for its upcoming 256-megabit product on a 16-nanometer process.