EVERSPIN TECHNOLOGIES (MRAM) Company Report

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

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

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

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

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

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.