Everspin Technologies, Inc. (MRAM) Stock Price & Analysis
Everspin Technologies, Inc. (MRAM) is trading at USD 14.41, down 1.64% today, as of October 29, 2026 at 19:35 UTC (US market open; quotes may be delayed), according to Nexqual market data.
MRAM last closed at USD 14.65; today's session has ranged USD 13.58–14.95 on volume of 746,540 shares. Market capitalization is $350.88M, with a 52-week range of USD 7.35–51.5 (NGM). Source: Nexqual, retrieved October 29, 2026 at 19:36 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MRAM.md
Latest Earnings Results (MRAM)
Everspin Technologies, Inc. (MRAM) reported Q3 2026 results on Oct 28, 2026, 4:10:20 PM ET: adjusted EPS $0.12 vs. estimate $0.12 (in line), revenue $20.65M vs. estimate $20.07M (beat). Guidance: For Q4 2026, total revenue is expected to be between $21.5 million and $22.5 million. Source: SEC 8-K filing. Nexqual published it 58 seconds after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $0.12 (adjusted (non-GAAP) diluted) | $20.6M | Oct 28, 2026, 4:10:20 PM ET · on Nexqual +58 seconds | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (MRAM)
- Last four reported quarters (through Jun 30, 2026): revenue $62.5M, net income -$2.6M (-4.2% margin), free cash flow -$5.4M (SEC filings).
- Insider open-market sales, last ~7 months: 14 Form 4 filings, $18.4M; 14 not under a Rule 10b5-1 plan ($18.4M); 0 by opportunistic insiders, 4 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.50 on a 1–5 scale) (4 analysts), mean target USD 25.5 (range 19–38).
- Total return with dividends: 1Y +32.8% vs S&P 500 +13.0%; 5Y +137.0% vs S&P 500 +78.9%.
- Next earnings: 2026-10-28, EPS estimate USD 0.12, revenue estimate $20.9M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MRAM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $55.1M | $60.0M | $63.8M | $50.4M | $55.2M | $62.5M |
| Gross profit | $33.1M | $33.9M | $37.2M | $26.1M | $28.2M | — |
| Operating income | $5.0M | $6.2M | $5.9M | -$7.1M | -$6.5M | -$9.7M |
| Net income | $4.3M | $6.1M | $9.1M | $781K | -$586K | -$2.6M |
| EPS (diluted) | $0.22 | $0.29 | $0.42 | $0.04 | -$0.03 | — |
| Free cash flow | $8.3M | $6.7M | $11.7M | $4.0M | $3.1M | -$5.4M |
| Gross margin | 60.0% | 56.6% | 58.4% | 51.8% | 51.2% | — |
| Operating margin | 9.1% | 10.4% | 9.2% | -14.1% | -11.8% | -15.5% |
| Net margin | 7.9% | 10.2% | 14.2% | 1.5% | -1.1% | -4.2% |
| Revenue growth | +31.2% | +8.8% | +6.3% | -21.0% | +9.5% | — |
| Cash + short-term investments | $21.4M | $26.8M | $36.9M | $42.1M | $44.5M | — |
| Total debt | $4.9M | — | — | $3.6M | $1.8M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MRAM)
P/S 5.6x · EV/Sales 4.9x · P/B 4.8x · FCF yield -1.53% · Earnings yield -0.75% · Net cash $43.0M · EV $308M
P/E at fiscal year-ends: Dec 2024 181.3x, Dec 2023 21.3x.
Insider sales (SEC Form 4, open-market, last ~7 months) (MRAM)
0 of 14 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | Aggarwal Sanjeev | President and CEO | 19,572 | $373K | 2.3% | No | Routine (sold in Jan & Mar & Apr & Jul & Aug & Oct each year 2023–2025) |
| 2026-10-02 | Cooper William Earl | Chief Financial Officer | 3,115 | $59K | 2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-10-02 | Dougherty Sean Michael | Vice President, Sales | 7,691 | $147K | 7.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-01 | Dougherty Sean Michael | Vice President, Sales | 358 | $8K | 0.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-01 | Aggarwal Sanjeev | President and CEO | 30,885 | $690K | 3.5% | No | Routine (sold in Jan & Mar & Apr & Jul & Aug & Oct each year 2023–2025) |
| 2026-07-01 | Cooper William Earl | Chief Financial Officer | 1,549 | $35K | 1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-11…2026-05-29 | Finch Lawrence G | Director | 310,091 | $8.5M | 64.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-20 | Ribar Geoffrey G | Director | 27,488 | $794K | 22.6% | No | Too little history (no open-market trades in 2025) |
| 2026-05-20 | Cooper William Earl | Chief Financial Officer | 10,000 | $291K | 6.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-15…2026-05-18 | Aggarwal Sanjeev | President and CEO | 110,976 | $3.7M | 11.9% | No | Routine (sold in Jan & Mar & Apr & Jul & Aug & Oct each year 2023–2025; this trade is outside those months) |
| 2026-05-15 | Hawk Glen | Director | 48,563 | $1.8M | 55.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-11 | Billerbeck Darin G | Director | 30,000 | $1.1M | 19.5% | No | Too little history (no open-market trades in 2024) |
| 2026-05-06 | Cooper William Earl | Chief Financial Officer | 11,000 | $239K | 6.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-04 | Aggarwal Sanjeev | President and CEO | 28,459 | $557K | 3.4% | No | Routine (sold in Jan & Mar & Apr & Jul & Aug & Oct each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (MRAM)
Consensus Buy (mean 1.50 on a 1–5 scale), 4 analysts; mean target USD 25.5 (low 19, high 38).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Maxim Group | Initiated | Buy | $25 |
| 2026-08-06 | Needham | Target raised | Buy | $18.5 → $19 |
Total return (dividends reinvested) (MRAM)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +32.8% | +137.0% |
| S&P 500 (SPY) | +13.0% | +78.9% |
| Per year | +32.8% | +18.8% |
| Volatility (annualized) | 109.3% | 66.8% |
| Max drawdown | -71.8% (May 2026→Oct 2026) | -66.5% (May 2026→Oct 2026) |
MRAM earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Oct 28, 2026 | Quarter ended Sep 30, 2026 | $0.12 | $0.12 | In line | +3.4% |
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.11 | $0.09 | Beat +22.2% | -10.2% |
| Apr 29, 2026 | Quarter ended Mar 31, 2026 | $0.11 | $0.09 | Beat +22.2% | +43.5% |
| Mar 4, 2026 | Quarter ended Dec 31, 2025 | $0.11 | $0.12 | Miss −8.3% | -14.1% |
| Nov 5, 2025 | — | — | — | — | -11.5% |
| Aug 6, 2025 | — | — | — | — | +1.2% |
| Apr 30, 2025 | — | — | — | — | +11.7% |
| Feb 26, 2025 | — | — | — | — | +1.1% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
MRAM recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 28, 2026 | 8-K | Quarterly results |
| Aug 14, 2026 | Schedule 13G/A | AWM Investment Company, Inc.: 3.1% of shares, passive 5%+ holder (amended) |
| Aug 13, 2026 | Schedule 13G/A | Barclays PLC: 1.9% of shares, passive 5%+ holder (amended) |
| Aug 12, 2026 | 8-K | Director or executive officer change, or pay arrangement “The board of directors (the "Board") of Everspin Technologies, Inc. (the "Company") appointed Vikas Choudhary as a director, effective August 9, 2026, to serve until the 2027 annual meeting of stockholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal. Vikas Choudhary, age 54, has served as Senior Vice President and General Manager of the Connectivity and Storage Business Unit of MaxLinear, Inc., a provider of connectivity and infrastructure semiconductor…” |
| Aug 7, 2026 | Schedule 13G | STATE STREET CORPORATION: 5.1% of shares, passive 5%+ holder |
| Aug 5, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results |
| Jul 28, 2026 | Schedule 13G | BlackRock, Inc.: 6.6% of shares, passive 5%+ holder |
| Jul 27, 2026 | Schedule 13G/A | Sigma Partners 8, L.P., Sigma Associates 8, L.P.: 0.0% of shares, passive 5%+ holder (amended) |
| Jul 17, 2026 | 8-K | Director or executive officer change, or pay arrangement “On July 14, 2026, Lawrence G. Finch notified Everspin Technologies, Inc. (the "Company") of his resignation from the Company's board of directors (the "Board"), including as a member of the Board's audit committee, effective August 4, 2026. Mr. Finch's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company thanks Mr. Finch for his dedication and years of service to the Company.” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
MRAM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | GlobalFoundries (GFS) | “We also manufacture full-flow 300mm CMOS wafers with our STT-MRAM magnetic-bit technology integrated in BEOL as part of our strategic relationship with GLOBALFOUNDRIES Inc. (GLOBALFOUNDRIES).” |
| Supplier | Amkor Technology (AMKR) | “We utilize third-party industry-leading assembly and test sub-contractors, including Amkor, OSE, GTC, ChipMos and Sigurd UTC.” |
| Customer | Cadence Design Systems (CDNS) | “We have established relationships with several storage controller and FPGA companies, including Phison Electronics, Sage Micro, and Xilinx as well as IP core companies, including Cadence and Northwest Logic, to facilitate the integration of our MRAM solutions into our customers' end products.” |
| Competitor | Samsung Electronics | “Our principal competitors to our Toggle MRAM products include companies that offer nonvolatile SRAM (NVSRAM), SRAM, and FRAM products, such as Infineon, Fujitsu, Integrated Silicon Solution (ISSI), Macronix, Microchip, Micron, Renesas, Samsung and Toshiba.” |
| Competitor | Micron Technology (MU) | “Our principal competitors to our Toggle MRAM products include companies that offer nonvolatile SRAM (NVSRAM), SRAM, and FRAM products, such as Infineon, Fujitsu, Integrated Silicon Solution (ISSI), Macronix, Microchip, Micron, Renesas, Samsung and Toshiba.” |
| Competitor | Infineon | “Our principal competitors to our Toggle MRAM products include companies that offer nonvolatile SRAM (NVSRAM), SRAM, and FRAM products, such as Infineon, Fujitsu, Integrated Silicon Solution (ISSI), Macronix, Microchip, Micron, Renesas, Samsung and Toshiba.” |
| Competitor | Renesas | “Our principal competitors to our Toggle MRAM products include companies that offer nonvolatile SRAM (NVSRAM), SRAM, and FRAM products, such as Infineon, Fujitsu, Integrated Silicon Solution (ISSI), Macronix, Microchip, Micron, Renesas, Samsung and Toshiba.” |
| Competitor | SK hynix | “Our STT-MRAM products replace discrete NOR, DRAM and NVSRAM where persistence is required and thus compete with DRAM and NVSRAM suppliers such as Hynix, Micron, Winbond, Samsung, and several other smaller companies.” |
Quoted from the company's 10-K filed Mar 4, 2026.
MRAM company outlook (results filed Oct 28, 2026)
- “For the fourth quarter of 2026, Everspin expects total revenue in a range of $21.5 million to $22.5 million, and GAAP net loss per share to be between $(0.13) and $(0.08).”
- “Non-GAAP net income per diluted share is anticipated to be between $0.13 and $0.18.”
Analysts expect $20.9M for the current quarter, 5.1% below the midpoint of the company's guidance ($22.0M).
Quoted word-for-word from the SEC 8-K results press release.
MRAM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.12 | $0.11 | +14.8% | $20.9M | 4 |
| Next quarter (ends Mar 2027) | $0.12 | $0.10 | +13.7% | $20.6M | 4 |
| Current fiscal year (ends Dec 2026) | $0.46 | $0.40 | +14.7% | $74.5M | 4 |
| Next fiscal year (ends Dec 2027) | $0.50 | $0.47 | +7.1% | $85.9M | 4 |
MRAM options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 105.7% | ±22.8% |
| Dec 18, 2026 | 50 | 89.1% | ±28.6% |
| Mar 19, 2027 | 141 | 85.5% | ±44.9% |
| Jun 17, 2027 | 231 | 91.1% | ±60.2% |
30-day implied volatility 100% vs 77.7% realized over the last 30 trading days. Put/call ratio (volume) 0.08. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 19:36 UTC)
| Price | USD 14.41 |
|---|---|
| Change | ▼ 1.64% (down) |
| Previous Close | USD 14.65 |
| Open | USD 13.77 |
| Day Range | USD 13.58 – 14.95 |
| 52-Week Range | USD 7.35 – 51.5 |
| Volume | 746,540 shares |
| Market Cap | $350.88M |
| Exchange | NGM |
Technical Analysis (MRAM)
Nexqual's technical model rates MRAM "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 29, 2026 at 19:36 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 50.11 (neutral) |
| vs SMA50 | Below (USD 15.97) |
| MACD | -0.82 (negative) |
Analyst Ratings (MRAM)
Wall Street analysts rate MRAM "Buy" based on 4 analysts, with a mean price target of USD 25.5 (range USD 19–38), per Nexqual as of October 29, 2026 at 19:36 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 25.5 |
| High Target | USD 38 |
| Low Target | USD 19 |
| Buy / Hold / Sell | 4 / 0 / 0 |
Earnings (MRAM)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.12 |
| Revenue Estimate | $20.88M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.12 vs est 0.12 ▲ beat |
| 2026-06-30 | USD 0.11 vs est 0.09 ▲ beat |
| 2026-03-31 | USD 0.11 vs est 0.09 ▲ beat |
| 2025-12-31 | USD 0.11 vs est 0.12 ▼ miss |
Source: Nexqual, October 29, 2026 at 19:36 UTC.
Financials & Fundamentals (MRAM)
| Total Revenue | $62.47M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +41.90% |
| Gross Margin | +52.28% |
| Operating Margin | -23.39% |
| Profit Margin | -4.22% |
| ROE | -3.84% |
| Debt / Equity | 0.04 |
| Current Ratio | 4.74 |
| Total Cash | $43.90M |
| Total Debt | $2.83M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$5.38M (-8.6% of revenue) |
Source: Nexqual, October 29, 2026 at 19:36 UTC.
Financial Health Score (MRAM)
Nexqual rates Everspin Technologies, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 19:36 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 52%, operating -16% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $44M cash and investments, no debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$5M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -4%, ROA -2.9% (last 4 quarters, SEC) |
Ownership (MRAM)
| Insider Ownership | +5.59% |
|---|---|
| Institutional Ownership | +59.14% |
| Shares Outstanding | 24.35M |
| Float | 23.49M |
| Short % of Float | +13.60% |
Source: Nexqual, October 29, 2026 at 19:36 UTC.
Leadership (MRAM)
Everspin Technologies, Inc. is led by Sanjeev Aggarwal, President, CEO & Director, per Nexqual as of October 29, 2026 at 19:36 UTC.
| President, CEO & Director | Sanjeev Aggarwal |
|---|---|
| Chief Financial Officer | William Cooper |
| Vice President of Sales | Sean Dougherty |
| Vice President of Operations | Amit Shah |
| Vice President of Technology | Kerry Nagel |
Major Backers & Investors (MRAM)
Notable institutional backers of Everspin Technologies, Inc. include Shaw D.E. & Co., Inc., Marshall Wace LLP, AWM Investment Company, Inc., according to Nexqual as of October 29, 2026 at 19:36 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Shaw D.E. & Co., Inc. | 3.52% |
| Marshall Wace LLP | 3.42% |
| AWM Investment Company, Inc. | 3.08% |
| Jane Street Group, LLC | 2.56% |
| Acadian Asset Management. LLC | 2.36% |
| Two Sigma Investments, LP | 2.22% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.13% |
| State Street | 4.91% |
| Vanguard Group | 3.39% |
| Geode Capital | 2.07% |
Source: Nexqual, October 29, 2026 at 19:36 UTC.
From Everspin Technologies, Inc.'s Latest SEC 10-K Filing (filed 2026-03-04)
Key Strengths & Strategy (as disclosed to the SEC)
- We sell our products directly and through our established distribution channels to industry-leading original equipment manufacturers (OEMs) and original design manufacturers (ODMs).
- We have established relationships with several storage controller and FPGA companies, including Phison Electronics, Sage Micro, and Xilinx as well as IP core companies, including Cadence and Northwest Logic, to facilitate the integration of our MRAM solutions into our customers' end products.
- We utilize third-party industry-leading assembly and test sub-contractors, including Amkor, OSE, GTC, ChipMos and Sigurd UTC.
- We have developed our STT-MRAM technology to act as the "configuration memory" in a FPGA addressing the security concern and enabling instant-on characteristics.
Partnerships
- Since October 17, 2014, we have participated in a joint development agreement with GLOBALFOUNDRIES, a semiconductor foundry, for the joint development of STT-MRAM technology to produce a family of discrete and embedded MRAM technologies.
- On October 23, 2014, we entered into a manufacturing agreement with GLOBALFOUNDRIES Singapore Pte.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulations related to "conflict minerals" may force us to incur additional expenses, may make our supply chain more complex and may result in damage to our reputation with customers.
- Our ability to use net operating losses to offset future taxable income may be subject to certain limitations.
- Changes in tax laws or regulations that are applied adversely to us or our customers may have a material adverse effect on our business, cash flow, financial condition, or results of operations.
- New tax laws, statutes, rules, regulations, or ordinances could be enacted at any time.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NVTS | Navitas Semiconductor Corporati | USD 9.16 | ▼ 2.14% |
| POWI | Power Integrations, Inc. | USD 48.91 | ▼ 0.84% |
| DIOD | Diodes Incorporated | USD 87.69 | ▼ 1.8% |
| VSH | Vishay Intertechnology, Inc. | USD 29.56 | ▼ 1.2% |
| SYNA | Synaptics Incorporated | USD 117.88 | ▼ 0.52% |
| PI | Impinj, Inc. | USD 182.31 | ▲ 3.3% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 19:36 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt