Filing Flows › Everspin Technologies (MRAM) › Q2 2026
Everspin Technologies (MRAM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Everspin Technologies (MRAM) reported revenue of $18.7M for the second quarter 2026 (Q2 2026), +42% from a year earlier and +26% from the quarter before. Operating margin was -23.4%, net loss $3.6M (19.2% of revenue).
Everspin Technologies, Q2 2026: revenue $18.7M (+42% year over year), operating margin -23.4%, net loss $3.6M, operating cash flow $159K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.7M | +26% | +42% |
| Operating profit | −$4.4M | — | — |
| Net earnings | −$3.6M | — | — |
| Operating cash flow | $159K | -72% | -97% |
What changed
Revenue was $18.7M in Q2 2026, up 42% year over year and up 26% from the previous quarter. Product sales was the largest line at 82% of revenue. Product sales added $4.2M year over year (up 38%), 76% of the total change. Royalties declined 57%.
Gross margin was 53.9%, up 2.6 points from Q2 2025. Operating costs exceeded revenue by $4.4M, an operating margin of -23.4%. Operating expenses grew 66% against revenue growth of 42%. The fastest-growing cost line was General & admin (+115%). The quarter ended with a net loss of $3.6M, wider than the previous quarter's $296K loss. Non-operating items added $794K, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $159K (down 97% year over year). Non-cash charges added back $708K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Everspin Technologies' revenue in the second quarter 2026?
Everspin Technologies (MRAM) reported revenue of $18.7M for the second quarter 2026 (Q2 2026), +42% from a year earlier and +26% from the quarter before.
Was Everspin Technologies profitable in the second quarter 2026?
Operating loss was $4.4M (-23.4% of revenue) and net loss $3.6M.