Overview
Everspin Q3 revenue rises 16% yr/yr to $14.1 mln, slightly beating expectations
Company's gross margin improved to 51.3% from 49.2% in the prior year
GAAP net income declines to $54,000 from $2.3 mln in Q3 2024
Outlook
Everspin expects Q4 2025 revenue between $14.0 mln and $15.0 mln
Company projects Q4 2025 GAAP EPS between $0.02 and $0.07
Everspin anticipates Q4 2025 non-GAAP EPS between $0.08 and $0.13
Result Drivers
APPLICATION STRENGTH - Co attributes Q3 revenue growth to strong performance in Low Earth Orbital Satellite, Casino Gaming, and Energy Management applications
MRAM SALES - Increase in MRAM product sales contributed to revenue growth, with sales rising from $10.4 mln to $12.7 mln
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$14.1 mln
$14 mln (2 Analysts)
Q3 Gross Margin
51.3%
Q3 Operating Expenses
$8.80 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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 $8.50, about 15.9% below its November 4 closing price of $9.85
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 21 three months ago
Press Release: ID:nBw8l81vXa
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(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.)
