Everspin Technologies, Inc. (MRAM)

In the past six months, Everspin Technologies, Inc. (MRAM) stock has trended upwards by 74.46%. Key events impacting the stock price include the Q2 2025 earnings report on August 6, 2025, where the company reported Q2 revenue of $13.2 million and non-GAAP earnings per share of $0.03, surpassing analyst expectations. The Q3 2025 earnings report on November 5, 2025, announced revenues of $14.1 million, up 16% from Q3 2024, and a non-GAAP net income of $1.5 million. On November 18, 2025, Everspin expanded its PERSYST MRAM family with new high-reliability EM064LX HR and EM128LX HR devices. Everspin Technologies presented at the Needham Growth Conference on January 5, 2026. On January 11, 2026, the CFO of Everspin Tech sold $82,092.42 in stock. The stock experienced a significant rally after Q1 FY2025 guidance suggested a potential return to growth.

Demand for Everspin Technologies' products and services exhibits some seasonality, with the second half of the fiscal year tending to be stronger. Management had anticipated that inventory levels would normalize by the end of 2024. The company also observes customers placing orders with very short lead times, which can indicate fluctuations in demand. Everspin expects stronger results in the second half of 2025, supported by automotive and industrial design wins beginning to ship in volume.

Everspin Technologies, Inc. specializes in Magnetoresistive Random Access Memory (MRAM) solutions within the semiconductor sector. The company develops, manufactures, and sells MRAM products, licenses its MRAM and magnetic sensor technology, and provides backend foundry and design services. Its major products include Toggle MRAM for industrial automation, aerospace, and data storage, Spin-Transfer Torque MRAM (STT-MRAM) for enterprise storage, data centers, and cloud computing, and TMR Sensor Products. Everspin has branded its memory products into categories based on applications: PERSYST MRAM for fast write speeds and reliability, UNISYST MRAM targeting high-density applications, and AGILYST MRAM. The company also provides foundry services for MRAM products and custom manufacturing, test, and assembly services.

Everspin Technologies sells its MRAM technologies in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. The company's headquarters are located in Chandler, Arizona, U.S., where it also owns and operates an integrated magnetic fabrication line. Product package and test operations are situated in China, Taiwan, and other Asian countries. Everspin distributes its products through direct sales channels and a network of licensed representatives and distributors.

In the past year, Everspin Technologies has maintained a positive brand reputation, primarily driven by its advancements in MRAM technology and strategic market expansions. The company has been recognized for product innovation and expansion, including new automotive-grade MRAM products and high-reliability devices. Everspin's entry into the electric vehicle market and expansion into emerging markets such as IoT, AI, and edge computing have also contributed to its reputation. Strategic partnerships, such as with GlobalFoundries and Lattice Semiconductor, and a $14.55 million DoD project have further solidified its position.

Everspin Technologies, Inc. has a diverse ownership structure. Approximately 18.76% to 28.46% of the company's stock is held by institutional investors, while 6.90% to 7.74% is held by insiders, and 63.80% by retail investors. Major institutional owners include AWM Investment Company, Inc., Lynrock Lake LP, Vanguard Group Inc, Herald Investment Management Ltd, Acadian Asset Management Llc, Vanguard Total Stock Market Index Fund Investor Shares (VTSMX), D. E. Shaw & Co., Inc., BlackRock, Inc., Dimensional Fund Advisors Lp, and Millennium Management Llc.