Everspin Technologies (MRAM)

Outperform Current rating · 4 reports

2026-04-30

Outperform Recap: Q1 2026

$40M Defense Subcontract Lands Alongside Q1 Beat — Product +28% YoY, Gross Margin 52.7%, Stock +38.6% T+1 on Historic 30x Volume; Upgrading to Outperform

2026-03-05

Hold Recap: Q4 2025

Product +22% YoY, 238 Design Wins, NOR Flash Tailwind Emerging — But Flat Q1 Guide + Litigation Overhang Drive -8.5% T+1 Sell-Off; Maintaining Hold

2025-11-06

Hold Recap: Q3 2025

MRAM Product +22% YoY With LEO Strength, Licensing Normalizes, Stock Reverses -17% on Crowded Long Positioning — Maintaining Hold

2025-08-07

Hold Recap: Q2 2025

Revenue +24% YoY at Guide High End, Non-GAAP Profitable, $45M Cash — Initiating at Hold on Design-Win-Ramp Timing