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Everspin Technologies Inc (MRAM)
NASDAQ:MRAM
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and commercial momentum: revenue and MRAM product sales grew (12% and 22% YoY), design wins increased substantially (~34%), new high-reliability products ramped to production and strategic partnerships expanded chiplet and embedded opportunities. The company maintained a strong balance sheet and provided stable guidance. Offsetting these positives are a meaningful decline in licensing/non-product revenue (≈-41%), modest margin and EPS pressure, timing risk from project milestones and the contingent nature of NOR flash replacement opportunities pending customer qualifications. Overall, progress on product ramps and design traction outweigh near-term revenue timing and non-product declines.Company Guidance
Revenue Growth and Guidance
Q4 revenue of $14.8M, up 12% year-over-year and toward the high end of guidance ($14M–$15M). Q1 guidance is consistent with Q4 at $14M–$15M.
Product Sales Strength
MRAM product sales (Toggle + STT) were $13.5M in Q4, up 22% year-over-year, driving the revenue beat within guidance.
Design Win Momentum
Total design wins in 2025 were 238 versus 178 in 2024, an increase of ~34%, indicating broadening customer adoption across industrial, energy, gaming and aerospace markets.
New Product Ramps and Qualification
Ramped PERSYST 64Mb xSPI STT-MRAM to full production and began shipping; strong demand from LEO satellite market. Qualification work underway for 128Mb and 256Mb HR parts with H2 availability planned.
Roadmap and High‑Value Programs
On-track tape-out for a monolithic 256Mb xSPI STT-MRAM on TSMC 16nm in H2; UNISYST family (unified code + data memory) targeting production in 2027 and part of a plan to reach $100M annual revenue in 3–5 years.
Strategic Partnerships & Ecosystem Progress
Qualified 64Mb PERSYST for Microchip PIC64-HPSC; engaged with Fraunhofer Chiplet Center, IMEC, PACE and automotive/AI chiplet efforts—positioning MRAM for chiplet and embedded replacement opportunities (NOR flash).
Solid Financial Position
Non-GAAP net income of $2.6M ($0.11/sh) in Q4 (in line with guidance). Cash and cash equivalents of $44.5M and debt-free balance sheet. Operating cash flow improved to $2.8M in Q4 from $0.9M in Q3 (≈+211%).
Program & Contract Income
Recognized $2.0M other income in Q4 and $10.5M YTD from a $14.6M DoD-related contract to develop MRAM sustainment capabilities, with estimated completion in H1 2027.
Gross Margin Targeting ~50%
GAAP gross margin was 50.8% in Q4 and management expects gross margin to remain in the ~50% range despite a near-term non-product revenue headwind.
MRAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MRAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $10.79 | $9.12 | -15.52% |
Nov 05, 2025 | $10.53 | $8.72 | -17.19% |
Aug 06, 2025 | $5.94 | $6.03 | +1.52% |
Apr 30, 2025 | $5.30 | $5.92 | +11.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Everspin Technologies Inc (MRAM) report earnings?
Everspin Technologies Inc (MRAM) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Everspin Technologies Inc (MRAM) earnings time?
Everspin Technologies Inc (MRAM) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MRAM EPS forecast?
MRAM EPS forecast for the fiscal quarter 2026 (Q1) is <0.01.