Key Highlights

  • Everspin reports third-quarter 2026 results after the market close on 28 October, with a call at 5 p.m. Eastern Time.
  • Second-quarter Revenue was US$18.7 million, up from US$13.2 million a year earlier, with a GAAP net loss of US$3.6 million.
  • Third-quarter guidance is revenue of US$19.5 million to US$20.5 million.

Results due on Wednesday evening

Everspin Technologies, Inc. (NASDAQ:MRAM) will release third-quarter 2026 financial results after the market close on Wednesday 28 October 2026, followed by a conference call at 5 p.m. Eastern Time hosted by chief executive Sanjeev Aggarwal and chief financial officer Bill Cooper, according to the company's 14 October announcement.

The second-quarter baseline

In its second-quarter report, dated 5 August 2026, Everspin reported its highest quarterly revenue to date, US$18.7 million, compared with US$13.2 million a year earlier. MRAM product sales, covering Toggle and STT-MRAM products, were US$15.3 million, up from US$11.1 million. Licensing, royalty, engineering services and other revenue was US$3.4 million, up from US$2.1 million.

Gross Margin was 53.9% against 51.3%. GAAP operating expenses rose to US$14.5 million from US$8.7 million, and the GAAP net loss was US$3.6 million, or US$0.15 per diluted share. Non-GAAP Net Income was US$2.9 million, or US$0.11 per diluted share. Cash and cash equivalents were US$43.9 million at 30 June 2026.

Total revenue grew about 42 per cent year on year, MRAM product sales about 38 per cent and licensing and related revenue about 62 per cent, while GAAP operating expenses rose about 67 per cent. Revenue grew quickly, but costs rose faster, which explains why the GAAP result remained a loss.

The company cited initial non-product revenue under a recently signed US$40 million contract with a US prime contractor as a contributor to the quarter.

Guidance for the quarter being reported

Everspin guided to third-quarter revenue of US$19.5 million to US$20.5 million, a GAAP loss per share of US$0.05 to US$0.10, and non-GAAP Earnings Per Share of US$0.10 to US$0.15.

The guided loss per share is narrower than the second-quarter GAAP loss of US$0.15, while the non-GAAP range of US$0.10 to US$0.15 brackets the US$0.11 reported. These are forecasts.

Technology and standards news

On 29 September 2026 Everspin demonstrated what it describes as the first CXL-connected MRAM platform at the SNIA Developer Conference, working with Wolley, and claimed writes up to 100 times faster than NAND-based solid-state storage. That is a company claim made for a demonstration platform.

On 20 October 2026 it said it would chair a new JEDEC task group, under the JC-42.6 Low Power Memories Subcommittee, exploring a persistent-memory standard for LPDDR. On 2 September 2026 it announced a Partnership with Teledyne HiRel Semiconductors targeting aerospace and defence applications. None of these has been quantified in revenue terms. The company also appointed Vikas Choudhary to its board on 12 August 2026.

What to watch

The key items are revenue against the US$19.5 million to US$20.5 million guide, gross margin relative to the 53.9% reported last quarter, the pace of revenue from the US$40 million contract, and operating expenses, which were up sharply year on year. Cash is another measure to follow, given the US$43.9 million balance and the GAAP loss.