Everspin Reports Unaudited Third Quarter 2026 Financial Results
Business Wire•28/10/2026•16:00 ET
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Key Highlights
- ➤Q3 revenue $20.6 million, up 47% year over year
- ➤Non-GAAP EPS $0.12, doubling from $0.06 year over year
- ➤GAAP net loss $7.2 million, including $6.0 million litigation expenses
- ➤Q4 revenue guidance $21.5 million to $22.5 million
- ➤Q4 non-GAAP EPS guidance $0.13 to $0.18
Expert Statements
Sanjeev Aggarwal, President and Chief Executive Officer of Everspin Technologies
“Our third quarter results were driven by continued strong product revenue growth. From an end market perspective, growth was led by strength in Industrial Automation, Data Center, Medical and Energy Management”
Sanjeev Aggarwal, President and Chief Executive Officer of Everspin Technologies
“We continue to execute on opportunities to grow our core business as we bring new products to market and develop next-generation solutions that extend Everspin’s reach into new applications and support our long-term growth strategy.”
Bill Cooper, Chief Financial Officer of Everspin Technologies
“We are pleased to report another quarter of record revenue at the high end of our expectations, driven by strong product and non-product revenue growth. We remain focused on balancing strategic investments in our technology roadmap along with prudent expense management including ongoing litigation costs. We continue to be intensely focused on commercial execution as we grow our revenue and strengthen our competitive position across different industries, while enhancing long-term shareholder value.”
Everspin Reports Unaudited Third Quarter 2026 Financial Results
Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced preliminary unaudited financial results for the third quarter ended September 30, 2026.
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