Quarterly ResultAug 5, 2026, 05:31 PM
Everspin Q2 Revenue Up 41.9% to $18.7M; Net Loss Widens to $3.6M
AI Summary
Everspin Technologies reported a significant increase in total revenue for Q2 2026, reaching $18.7 million, a 41.9% rise year-over-year. However, the company's net loss widened to $3.6 million from $0.7 million in the prior year. The company also disclosed a patent infringement lawsuit and recognized $0.5 million in other income from a strategic aerospace and defense award.
Key Highlights
- Q2 2026 total revenue increased 41.9% to $18.7 million.
- Q2 2026 net loss widened to $3.6 million from $0.7 million year-over-year.
- Basic net loss per share was $0.15 for Q2 2026, compared to $0.03 in Q2 2025.
- Recognized $0.5 million in other income from a strategic aerospace and defense award.
- Signed two engineering services agreements worth $40.3 million, with $2.9 million deferred revenue.
- Net cash from operating activities for H1 2026 was $0.7 million, down from $6.5 million.
- Cash and cash equivalents totaled $43.9 million as of June 30, 2026.
- Company is defending against a patent infringement lawsuit filed in January 2026.
Price Impact
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