Everspin Tech (NASDAQ:MRAM) Releases Earnings Results

Everspin Tech (NASDAQ:MRAM) issued its earnings results on Wednesday. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05), Zacks reports. Everspin Tech had a negative return on equity of 0.89% and a negative net margin of 1.06%.The company had revenue of $14.80 million during the quarter, compared to analysts’ expectations of $14.45 million. Everspin Tech updated its Q1 2026 guidance to 0.070-0.120 EPS.

Here are the key takeaways from Everspin Tech’s conference call:

• Reported $14.8 million in Q4 revenue and $0.11 non‑GAAP EPS (MRAM product sales up 22% YoY); Q1 revenue guidance is $14–15M with non‑GAAP EPS of $0.07–$0.12.
• Ramped the PERSYST 64Mb xSPI STT‑MRAM High‑Reliability to full production with shipments to LEO satellite customers, and is qualifying 128Mb/256Mb HR parts and planning a monolithic 256Mb tape‑out on TSMC 16nm in H2 to launch the Unified Memory family.
• Momentum of 238 design wins in 2025 (vs. 178 prior year) plus partnerships with Microchip, Lattice, Fraunhofer, imec, PACE and Quintauris support a chiplet/Unisys strategy aimed at reaching a $100M revenue target in 3–5 years.
• Recognized $10.5M to date (including $2M in Q4) from a $14.6M DoD contractor contract to develop an onshore MRAM sustainment plan, expected to complete in H1 2027, providing non‑product income and manufacturing support.
• Licensing/other revenue fell to $1.3M in Q4 (from $2.2M) and management warns of a sequential decline in non‑product revenue and a potential gross‑margin headwind; NOR‑flash replacement upside is promising but timing is uncertain and contingent on customer qualification cycles.

Everspin Tech Stock Performance

NASDAQ MRAM opened at $10.79 on Thursday. Everspin Tech has a one year low of $4.34 and a one year high of $17.24. The company has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $9.70. The firm has a market capitalization of $246.63 million, a PE ratio of -359.67 and a beta of 0.86.

Insider Transactions at Everspin Tech

In other Everspin Tech news, CFO William Earl Cooper sold 6,807 shares of Everspin Tech stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total value of $82,092.42. Following the completion of the transaction, the chief financial officer directly owned 93,193 shares in the company, valued at $1,123,907.58. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRAM. Raymond James Financial Inc. bought a new stake in Everspin Tech in the second quarter valued at $25,000. Kestra Advisory Services LLC bought a new stake in Everspin Tech in the 4th quarter valued at about $41,000. State Street Corp boosted its stake in Everspin Tech by 5.7% during the 4th quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock valued at $791,000 after purchasing an additional 4,600 shares during the period. Bank of America Corp DE boosted its stake in Everspin Tech by 28.6% during the 2nd quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 6,041 shares during the period. Finally, Geode Capital Management LLC grew its position in Everspin Tech by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock worth $2,054,000 after purchasing an additional 8,618 shares during the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MRAM shares. Needham & Company LLC dropped their price objective on shares of Everspin Tech from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday. Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.00.

Everspin Tech Company Profile

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.