Everspin Tech Announces $40M Defense Contract and Reports Q1 Earnings
Everspin Tech (NASDAQ:MRAM) reported Q1 2026 revenue of $14.9 million, up 14% year-over-year, and announced a $40 million, two-and-a-half-year defense contract with a U.S. prime contractor. The company expects the contract to have a significant positive impact on revenue and margins, though details on timing remain unclear. Everspin also introduced new MRAM products and signed a foundry agreement with Microchip.
Topics: Company Roadmap Defense Contracts Earnings Report MRAM Technology Revenue Growth