Quarterly ResultAug 5, 2026, 04:23 PM
Everspin Q2 Revenue Up 42% to $18.7M; Non-GAAP EPS $0.11
AI Summary
Everspin Technologies, Inc. announced preliminary unaudited financial results for the second quarter ended June 30, 2026, reporting record quarterly revenue of $18.7 million, a 42% increase year-over-year. This growth was driven by strong product sales and initial non-product revenue from a new $40 million contract. Despite a widening GAAP net loss to $(3.6) million, non-GAAP net income rose significantly to $2.9 million. The company provided an optimistic outlook for Q3 2026, expecting total revenue between $19.5 million and $20.5 million.
Key Highlights
- Total revenue for Q2 2026 was $18.7 million, up 42% from $13.2 million in Q2 2025.
- MRAM product sales reached $15.3 million, a 38% increase from $11.1 million in Q2 2025.
- Licensing, royalty, engineering services and other revenue grew to $3.4 million from $2.1 million in Q2 2025.
- Gross margin improved to 53.9% in Q2 2026, compared to 51.3% in Q2 2025.
- GAAP net loss was $(3.6) million, or $(0.15) per diluted share, versus $(0.7) million, or $(0.03) per diluted share, in Q2 2025.
- Non-GAAP net income was $2.9 million, or $0.11 per diluted share, up from $0.7 million, or $0.03 per diluted share, in Q2 2025.
- Cash and cash equivalents stood at $43.9 million as of June 30, 2026.
- Q3 2026 revenue is projected to be between $19.5 million and $20.5 million.
Price Impact
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