| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 18.74 | 26.0% | 42.0% |
| Total Income | 18.74 | 26.0% | 42.0% |
| Expenditure | 23.12 | 31.4% | 52.5% |
| PBT | -3.59 | 1137.9% | 412.9% |
| Net Profit | -3.59 | 1096.7% | 435.8% |
| OPM | -23.39% | 5.13pp | 8.54pp |
| NPM | -19.16% | 17.17pp | 14.08pp |
| EPS | -0.15 | 1400.0% | 400.0% |
Everspin Reports Q2 2026 Revenue of $18.7 Million, Up 42% YoY
06 Aug 2026 · 6 Aug, 1:53 am
Summary
Everspin Technologies reported strong second quarter 2026 financial results, with total revenue increasing 42% year-over-year to $18.7 million, driven by growth in both MRAM product sales and non-product revenue streams. Gross margin improved to 53.9%, reflecting better product mix and operational efficiencies. While reporting a GAAP net loss of $(3.6) million, the company achieved a non-GAAP net income of $2.9 million, highlighting its focus on profitability. Management expressed optimism about continued growth and strategic investments in its product pipeline.
Key Highlights
- 1
Total revenue for the second quarter of 2026 reached $18.7 million, a significant increase of 42% compared to $13.2 million in the second quarter of 2025.
- 2
MRAM product sales, encompassing both Toggle and STT-MRAM, grew to $15.3 million in Q2 2026, up from $11.1 million in Q2 2025.
- 3
Licensing, royalty, engineering services, and other revenue contributed $3.4 million in Q2 2026, an increase from $2.1 million in the prior year's second quarter.
- 4
Gross margin improved to 53.9% in Q2 2026, up from 51.3% in Q2 2025.
- 5
GAAP net loss for the second quarter of 2026 was $(3.6) million, or $(0.15) per diluted share, compared to a net loss of $(0.7) million, or $(0.03) per diluted share, in Q2 2025.
- 6
Non-GAAP net income for Q2 2026 was $2.9 million, or $0.11 per diluted share, a substantial increase from $0.7 million, or $0.03 per diluted share, in Q2 2025.
- 7
The company expects total revenue for the third quarter of 2026 to be in the range of $19.5 million to $20.5 million.
Management Comments
Sanjeev Aggarwal
Our second quarter results were driven by strong product revenue coupled with initial non-product revenue under our recently signed $40 million contract with a US prime contractor. From an end market perspective, growth was led by strength in Industrial Automation, Energy Management, and Aerospace and Defense. We continue to see strong growth across our existing business while executing on our product pipeline and developing solutions that will further expand Everspin's addressable market and drive long-term growth.
Bill Cooper
We are pleased to report record quarterly revenue with second quarter results above our expectations, driven by both strong product and non-product revenue growth. We remain focused on balancing strategic investments in our technology roadmap with prudent expense management, strengthening our competitive position while enhancing long-term shareholder value.
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