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AI brief of an SEC Form 8-K · EVERSPIN TECHNOLOGIES INC. (MRAM)

Everspin Q2 revenue rises 42% to $18.7 million; GAAP net loss widens to $3.6 million

Mixed Impact 3 of 5 earnings Written later

Everspin Technologies reported unaudited second-quarter 2026 revenue of $18.7 million, up 42% from $13.2 million a year earlier, driven by product sales and initial non-product revenue under a $40 million contract with a US prime contractor. The company posted a GAAP net loss of $3.6 million, or $0.15 per diluted share, compared with a $0.7 million loss, or $0.03 per share, a year earlier, while its non-GAAP net income was $2.9 million, or $0.11 per share. For shareholders, strong sales growth is offset by a wider GAAP loss, and third-quarter guidance calls for revenue of $19.5 million to $20.5 million and a GAAP net loss per share of $(0.10) to $(0.05).

Key points

  • Q2 2026 total revenue was $18.7 million versus $13.2 million in Q2 2025; MRAM product sales were $15.3 million.
  • GAAP net loss was $3.6 million, or $0.15 per diluted share, versus $0.7 million, or $0.03 per share, a year earlier; GAAP operating expenses rose to $14.5 million from $8.7 million.
  • Non-GAAP net income was $2.9 million, or $0.11 per diluted share, excluding $4.0 million of litigation costs and $1.1 million of non-recurring engineering fees.
  • Q3 2026 outlook: total revenue of $19.5 million to $20.5 million; GAAP net loss per share of $(0.10) to $(0.05).

The filing

CompanyEVERSPIN TECHNOLOGIES INC. (MRAM)
Form8-K, current report
Filed with the SECAug 5, 2026, 4:16 PM ET
Accession number0001628280-26-053376

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.