Everspin Q4 revenue rises 12% yr/yr

EverSpin Technologies

04/03/2026 21:16

Overview

MRAM solutions provider's preliminary Q4 revenue rose 12% yr/yr, driven by key application areas

Company's Q4 gross margin decreased to 50.8% from 51.3% last year

Q4 non-GAAP net income declined to $2.6 mln from $2.8 mln last year

Outlook

Everspin expects Q1 2026 revenue between $14.0 mln and $15.0 mln

Company anticipates Q1 2026 GAAP net loss per share between ($0.03) and net income of $0.02

Everspin projects Q1 2026 non-GAAP EPS between $0.07 and $0.12

Result Drivers

APPLICATION DEMAND - Growth in Data Center, Energy Management, and Industrial Automation applications drove Q4 results, according to CEO Sanjeev Aggarwal

DESIGN WINS - Everspin reported 238 design wins in 2025, up from 178 in 2024, expected to ramp to production in 2026 and 2027

Company press release: ID:nBw3p7LyRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$14.80 mln
$14.45 mln (2 Analysts)
Q4 Net Income
$1.20 mln
Q4 Gross Margin
50.80%
Q4 Operating Expenses
$8.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Everspin Technologies Inc is $12.75, about 20.2% above its March 3 closing price of $10.61

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)