EVERSPIN TECHNOLOGIES INC. (MRAM) Form 8-K — Oct 28, 2026
Everspin Technologies reported record Q3 2026 revenue of $20.6 million, up 47% year-over-year from $14.1 million, led by Industrial Automation, Data Center, Medical and Energy Management demand. Non-GAAP net income more than doubled to $3.1 million, or $0.12 per diluted share, from $1.5 million a year ago. Despite the strong top line, the company posted a GAAP net loss of $7.2 million, or $(0.29) per share, versus breakeven a year earlier, driven by $6.0 million of litigation expenses and a $2.7 million regulatory provision that inflated GAAP operating expenses to $18.5 million. Cash and equivalents stood at $43.0 million at quarter end.
Key figures
- Revenue
- 20648000
- Guidance
- Q4 2026 total revenue of $21.5M-$22.5M; GAAP net loss per share of $(0.13)-$(0.08); non-GAAP net income per diluted share of $0.13-$0.18
- Revenue Yoy
- 47%
- Total Assets
- 90125000
- Cash Position
- 43042000
- Shares Outstanding
- 24418092
- Gross margin
- 51.4%
- Product sales q3
- 16945000
- Non g AAP net income
- 3058000
- Non g AAP eps diluted
- 0.12
- Litigation expenses q3
- 5987000
- Regulatory provision q3
- 2715000
- Licensing royalty other revenue q3
- 3703000
AI analysis
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