Everspin Technologies(NASDAQ) MRAM

Everspin Technologies, Inc. makes memory chips that save data if power is lost. These chips help factory machines and medical tools stay reliable. The company sells these parts to builders of high-tech equipment.

The Chip Catalog

• Toggle MRAM: Memory chips that protect data without power in industrial and medical devices; accounts for a portion of product sales.
• STT-MRAM: High-speed memory designed for data centers and aerospace systems using spin-transfer torque technology.
• TMR Sensors: Magnetic-bit technology used to detect magnetic fields in industrial and automotive applications.
• Licensing and Services: Intellectual property licensing and engineering services for military and commercial clients; accounts for 18% of revenue for the three months ended June 30, 2026.

Strategic Steps Forward

• Began a subcontract agreement in early 2026 to provide engineering services for military and aerospace applications.
• Received a strategic award to develop a long-term manufacturing plan for aerospace and defense segments.
• Expanded product reach through distribution channels, which generated 79% of revenue for the three months ended June 30, 2026.

Leading Through Technology

The company maintains nearly 20 years of leadership in the commercialization of specialized non-volatile memory technology. It operates a specialized fabrication facility in Arizona while partnering with large-scale semiconductor foundries for high-volume production.

Financial Performance

• Total revenue was $18.7 million for the three months ended June 30, 2026, up 41.9% year over year.
• Product sales reached $15.3 million for the three months ended June 30, 2026, up 38.1% year over year.
• Adjusted net income, a non-GAAP measure, was $2.9 million for the three months ended June 30, 2026.
• The company reported a net loss of $3.6 million for the three months ended June 30, 2026.
• Cash and cash equivalents totaled $43.9 million as of June 30, 2026.

Bottom Line

Everspin has transitioned from a technology developer to a commercial supplier of specialized memory for mission-critical systems. Its focus on intellectual property licensing and high-reliability components supports its presence in the global semiconductor market.