Recent Updates — MRAM

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.

Everspin Technologies appointed Vikas Choudhary as a director effective August 9, 2026. Mr. Choudhary brings over 30 years of semiconductor experience, most recently serving as Senior Vice President and General Manager at MaxLinear. He received an initial RSU award valued at $250,000 vesting over two years and a $55,000 annual cash retainer. Everspin Technologies designs and manufactures magnetoresistive random-access memory (MRAM) solutions for data storage applications.

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.

Lawrence G. Finch resigned from the Everspin Technologies, Inc. board of directors and the audit committee, effective August 4, 2026. The resignation was not due to any disagreement regarding the company's operations, policies, or practices. Everspin Technologies, Inc. is a semiconductor company specializing in magnetoresistive random-access memory (MRAM) technology.