Everspin Technologies Inc (MRAM)
NASDAQ:MRAM
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights solid product-driven revenue growth (total revenue +14% YoY; MRAM product sales +28% YoY), strong gross margins (>50%), important strategic partnerships (Microchip foundry agreement) and a new $40M subcontract that adds defense revenue potential. However, near-term headwinds include meaningful litigation costs, reduced operating cash flow, a decline in licensing revenue, elevated CapEx for capacity expansion, and uncertainty around the timing and recognition of the new subcontract revenue. UNISYST provides meaningful long-term TAM expansion (~$3B) but will take time to contribute materially. On balance the call presents more material operational and strategic positives supported by improving product sales and margins, while calling out manageable but nontrivial near-term financial and timing risks.Company Guidance
Revenue Growth at High End of Guidance
Total revenue $14.9M, toward the high end of guidance and up 14% year-over-year.
Strong MRAM Product Sales
MRAM product sales $14.1M, up 28% year-over-year and up 5% sequentially, driving top-line growth across Toggle and STT-MRAM.
Improved Profitability (Non-GAAP)
Non-GAAP net income $2.6M or $0.11 per diluted share versus $0.4M/$0.02 in Q1'25 (non-GAAP EPS increased roughly 450% YoY); results were at the high end of non-GAAP guidance.
Healthy Gross Margin and Target Maintained
GAAP gross margin improved to 52.7% from 51.4% in Q1'25 (approx +1.3 percentage points), consistent with the company's 50%+ gross margin target due to better capacity utilization and yields.
Strategic Contract Wins and Partnerships
Announced a new 2.5-year $40M subcontract agreement with a U.S. prime contractor and a 10-year Foundry Services Agreement with Microchip to add an onshore MRAM line (first shipments expected H2 2027); $12.8M recognized to date from a separate $14.6M DoD-related contract.
Product Roadmap Expansion (UNISYST) and TAM Upside
Introduced UNISYST MRAM family targeting the high-density NOR Flash market, expanding addressable market by ~$3B with a target to capture 5%–10% early; engineering samples expected Q4 2026 and high-reliability 128Mb/256Mb parts on track for H2 2026.
Balance Sheet and Liquidity
Debt-free balance sheet with cash & cash equivalents $40.5M; company expects cash to support Microchip Foundry Services execution and product development.
End-Market Diversification and Design Win Conversions
Strength across Industrial Automation (inventory recovery incl. Japan), Transportation (rail axle-counter design wins), and Data Center (ongoing IBM FCM4/FCM5 and RAID reference design engagement with top hyperscalers).
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 |
|---|---|---|---|
Apr 29, 2026 | $13.19 | $18.28 | +38.59% |
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% |
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 Aug 06, 2026, After Close (Confirmed).
What is Everspin Technologies Inc (MRAM) earnings time?
Everspin Technologies Inc (MRAM) earnings time is at Aug 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 (Q2) is -0.01.