Everspin Reports Unaudited Third Quarter 2026 Financial Results
Everspin reported record Q3 2026 revenue of $20.6 million, up 47% year-over-year and at the high end of expectations, led by Industrial Automation, Data Center, Medical and Energy Management demand. GAAP results swung to a net loss of $7.2 million, or $(0.29) per share, versus roughly breakeven a year ago, driven by $6.0 million of litigation expenses and a $2.7 million regulatory provision. Non-GAAP net income doubled to $3.1 million, or $0.12 per diluted share.
Key figures
- Revenue
- 20648000
- Guidance
- Q4 2026 total revenue $21.5M-$22.5M; GAAP net loss per share $(0.13) to $(0.08); non-GAAP diluted EPS $0.13-$0.18
- Revenue Yoy
- 47%
- Gross margin
- 51.4%
- Non gaap eps
- 0.12
- Product sales
- 16945000
- Litigation expenses
- 6000000
- Non gaap net income
- 3058000
- Cash and equivalents
- 43042000
- Regulatory provision
- 2700000
AI analysis
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