Earnings ·
Everspin Technologies reported preliminary unaudited financial results for the quarter ended June 30, 2026, announcing…
MRAMEverspin Technologies Inc.
Everspin Technologies reported preliminary unaudited financial results for the quarter ended June 30, 2026, announcing record total revenue of $18.7 million, up from $13.2 million in the prior year period. Product sales reached $15.3 million while licensing and other revenues totaled $3.4 million, driven by strength in Industrial Automation, Energy Management, and Aerospace and Defense sectors. The company reported a GAAP net loss of $(3.6) million, or $(0.15) per diluted share, compared to a net loss of $(0.7) million in the same quarter last year, though Non-GAAP net income was $2.9 million, or $0.11 per diluted share. Everspin provided third-quarter 2026 revenue guidance between $19.5 million and $20.5 million. The company operates as a developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions.