Filing Flows › Everspin Technologies (MRAM) › Q3 2026
Everspin Technologies (MRAM) Q3 2026 earnings results (third quarter 2026)
8-K filed Oct 28, 2026
Everspin Technologies (MRAM) reported revenue of $20.6M for the third quarter 2026 (Q3 2026), +47% from a year earlier and +10% from the quarter before. Operating margin was -38.4%, net loss $7.2M (34.7% of revenue).
Everspin Technologies, Q3 2026: revenue $20.6M (+47% year over year), operating margin -38.4%, net loss $7.2M, operating cash flow $863K. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.6M | +10% | +47% |
| Operating profit | −$7.9M | — | — |
| Net earnings | −$7.2M | — | -13387% |
| Operating cash flow | $863K | +443% | -2% |
What changed
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.
Questions
What was Everspin Technologies' revenue in the third quarter 2026?
Everspin Technologies (MRAM) reported revenue of $20.6M for the third quarter 2026 (Q3 2026), +47% from a year earlier and +10% from the quarter before.
Was Everspin Technologies profitable in the third quarter 2026?
Operating loss was $7.9M (-38.4% of revenue) and net loss $7.2M.