Earnings ·
Everspin reports Q3 revenue of $20.6M and issues Q4 outlook of $21.5M-$22.5M
MRAMEverspin Technologies Inc.
Everspin Technologies reported preliminary unaudited financial results for the third quarter ended September 30, 2026. Total revenue increased to $20.6 million from $14.1 million in the prior-year period, driven by strong product and licensing growth. GAAP net loss was $7.2 million, or $(0.29) per diluted share, significantly impacted by $6.0 million in litigation expenses and a $2.7 million regulatory provision. Non-GAAP net income rose to $3.1 million, or $0.12 per diluted share. The company provided fourth-quarter 2026 revenue guidance of $21.5 million to $22.5 million. Everspin Technologies is the world’s leading provider of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions.