Filing Flows › Technology › Everspin Technologies (MRAM)
Everspin Technologies (MRAM) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Oct 28, 2026
Q3 2026 Revenue up 47% year over year to $20.6M · 35¢ of every $1 of revenue lost · operating margin -38.4%
Everspin Technologies made $20.6M in Q3 2026 (+47% Y/Y): Product sales $16.9M, Licensing, royalty, engineering services and other revenue $3.7M. Operating margin -38.4%, net loss $7.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Oct 28, 2026 (preliminary, from the earnings release).
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What changed this quarter
Revenue was $20.6M in Q3 2026, up 47% year over year and up 10% from the previous quarter. Product sales was the largest line at 82% of revenue. Product sales added $4.3M year over year (up 34%), 65% of the total change.
Gross margin was 51.4%, up 0.1 points from Q3 2025. Operating costs exceeded revenue by $7.9M, an operating margin of -38.4%. Operating expenses grew 112% against revenue growth of 47%. The quarter ended with a net loss of $7.2M, wider than the previous quarter's $3.6M loss.
Operating cash flow was $863K (down 2% year over year). Non-cash charges added back $712K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $5.8M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$519K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Oct 28, 2026 | $20.6M | +47% | -38.4% | −$7.2M | $863K |
| Q2 2026 | 10-Q | Aug 5, 2026 | $18.7M | +42% | -23.4% | −$3.6M | $159K |
| Q1 2026 | 10-Q | Apr 29, 2026 | $14.9M | +13% | -18.3% | −$296K | $570K |
| Q4 2025 | 10-K | Mar 4, 2026 | $14.8M | +12% | -7.2% | $1.2M | $2.6M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $14.1M | +16% | -11.0% | $54K | $881K |
| Q2 2025 | 10-Q | Aug 6, 2025 | $13.2M | +24% | -14.9% | −$670K | $5.0M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $13.1M | -9% | -14.7% | −$1.2M | $1.4M |
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About Everspin Technologies
We are a pioneer in the successful commercialization of Magnetoresistive Random Access Memory (MRAM) technology. Our portfolio of MRAM technologies, including Toggle MRAM, Tunnel Magneto Resistance (TMR) Sensors, and Spin-transfer Torque MRAM (STT-MRAM), is delivering superior performance, persistence and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. With over 20 years of MRAM technology and manufacturing leadership, our memory solutions deliver significant value to our customers in key markets such as industrial, medical, automotive/transportation, aerospace and defense, and data center. We are the leading supplier of discrete MRAM components and a successful licensor of our broad portfolio of related technology and intellectual property.
In its own words, from its 10-K, filed Mar 4, 2026.
Everspin Technologies against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +47% against the peers' median +45%. Operating margin: -38.4% against the peers' median 40.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MRAM Everspin Technologies | Q3 2026 | $20.6M | +47% | -38.4% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: Everspin Technologies 8-K on SEC EDGAR · CIK 1438423 · Semiconductors & Related Devices
Guidance and outlook
13F: who owns MRAM and who is buying
More on MRAM
- How Everspin Technologies makes money: revenue by segment
- Everspin Technologies next earnings date and what analysts expect
- Everspin Technologies stock forecast, price target and fair value
- Who owns Everspin Technologies stock: holders, funds and Congress trades
- Everspin Technologies guidance and outlook
- Is Everspin Technologies a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results