Earnings Releases·Oct 28, 2026, 4:10 PM ET

Everspin Technologies — Third Quarter 2026 Earnings Summary

Total revenue reached $20.6 million, a 47% year-over-year increase driven by MRAM sales rising to $16.9 million and other revenue growing to $3.7 million.
GAAP net loss widened to $7.2 million due to $6.0 million in litigation expenses and a $2.7 million regulatory provision, while Non-GAAP net income rose to $3.1 million.
Guidance for Q4 2026 projects revenue between $21.5 million and $22.5 million, with Non-GAAP net income per share expected between $0.13 and $0.18.
Cash and cash equivalents decreased to $43.0 million, while inventory and accounts receivable increased to $14.0 million and $11.1 million, respectively.
Future results face uncertainty regarding litigation outcomes, stock-based compensation volatility, and semiconductor industry conditions.