Everspin Technologies Q2 revenue beats estimates

EverSpin Technologies

06/08/2025 21:08

Overview

Everspin Q2 revenue rises 24% to $13.2 mln, beating analyst expectations

Non-GAAP net income of $0.7 mln vs. loss last year

Co expands executive team with new VP of Sales and Business Development

Outlook

Everspin expects Q3 revenue between $13.5 mln and $14.5 mln

Company anticipates Q3 GAAP EPS between $(0.05) and $0.00

Everspin sees Q3 non-GAAP EPS between $0.02 and $0.07

Company says no tariff impact expected on future results

Result Drivers

MRAM PRODUCT SALES - Increase in MRAM product sales driven by strong demand for Toggle and STT-MRAM solutions

LICENSING REVENUE - Significant growth in licensing, royalty, patent, and other revenue compared to previous year

EXECUTIVE EXPANSION - New VP of Sales and VP of Business Development roles created to accelerate revenue monetization and strategic expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$13.20 mln
$13 mln (2 Analysts)
Q2 Net Income
-$700,000
Q2 Gross Margin
51.3%
Q2 Operating Expenses
$8.70 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 $9.00, about 33.8% above its August 5 closing price of $5.96

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBw56QQ6la

(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.)