Everspin Technologies Reports Record Q3 2026 Revenue Driven by MRAM Demand
Everspin Technologies reported record third-quarter revenue of $20.6 million, representing a 47% year-over-year increase and reaching the high end of company guidance. Growth was primarily driven by MRAM product sales ($16.9 million), which saw strength in industrial automation and data center applications, including demand from hyperscale providers like Google and Amazon. Despite strong top-line growth and a Non-GAAP EPS of $0.12, the company reported a GAAP net loss of $7.2 million due to significant litigation and regulatory costs totaling approximately $8.7 million. Management noted that while manufacturing costs have pressured margins, they plan to implement price increases in Q4 to offset these expenses. Looking ahead, Everspin provided optimistic Q4 revenue guidance between $21.5 million and $22.5 million.
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Topics: guidance litigation costs mram sales non-gaap eps revenue growth