EVERSPIN TECHNOLOGIES INC.MRAMEarnings & Financial Report
Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.
MRAM Q1 FY2026 Key Financial Metrics
Revenue
$14.9M
Gross Profit
$7.8M
Operating Profit
$4.3M
Net Profit
$-296.0K
Gross Margin
52.7%
Operating Margin
29.0%
Net Margin
-2.0%
YoY Growth
13.2%
EPS
$-0.01
EVERSPIN TECHNOLOGIES INC. Q1 FY2026 Financial Summary
EVERSPIN TECHNOLOGIES INC. reported revenue of $14.9M (up 13.2% YoY) for Q1 FY2026, with a net profit of $-296.0K (-2.0% margin). Cost of goods sold was $7.0M, operating expenses totaled $3.5M.
Key Financial Metrics
| Total Revenue | $14.9M |
|---|---|
| Net Profit | $-296.0K |
| Gross Margin | 52.7% |
| Operating Margin | 29.0% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
EVERSPIN TECHNOLOGIES INC. Q1 FY2026 revenue of $14.9M breaks down across 2 segments, led by Product sales at $14.1M (94.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Product sales | $14.1M | 94.8% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5.2% |
EVERSPIN TECHNOLOGIES INC. Annual Revenue by Year
EVERSPIN TECHNOLOGIES INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $55.2M).
EVERSPIN TECHNOLOGIES INC. Quarterly Revenue & Net Profit History
EVERSPIN TECHNOLOGIES INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $14.9M | +13.2% | $-296.0K | -2.0% |
| Q4 FY2025 | $14.8M | +11.8% | $1.2M | 8.1% |
| Q3 FY2025 | $14.1M | +16.3% | $54.0K | 0.4% |
| Q2 FY2025 | $13.2M | +24.1% | $-670.0K | -5.1% |
| Q1 FY2025 | $13.1M | -9.0% | $-1.2M | -8.9% |
| Q4 FY2024 | $13.2M | -20.7% | $1.2M | 9.2% |
| Q3 FY2024 | $12.1M | -26.6% | $2.3M | 18.8% |
| Q2 FY2024 | $10.6M | -32.5% | $-2.5M | -23.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.6M | $12.1M | $13.2M | $13.1M | $13.2M | $14.1M | $14.8M | $14.9M |
| YoY Growth | -32.5% | -26.6% | -20.7% | -9.0% | 24.1% | 16.3% | 11.8% | 13.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $64.6M | $72.6M | $77.8M | $80.2M | $78.9M | $80.3M | $84.6M | $83.2M |
| Liabilities | $9.1M | $13.3M | $15.2M | $17.2M | $14.8M | $14.5M | $15.7M | $12.9M |
| Equity | $55.4M | $59.3M | $62.6M | $63.0M | $64.1M | $65.8M | $68.9M | $70.2M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.7M | $2.8M | $3.8M | $1.4M | $5.0M | $881000 | $2.6M | $570000 |