Everspin Q3 revenue rises 47% to $20.6 million; GAAP net loss widens to $7.2 million
Everspin Technologies reported unaudited third-quarter 2026 revenue of $20.6 million, up from $14.1 million a year earlier, but swung to a GAAP net loss of $7.2 million, or $(0.29) per share, from net income of $54,000. The company cited $6.0 million of litigation expenses and a $2.7 million regulatory provision, and guided fourth-quarter revenue to $21.5 million to $22.5 million.
Key points
- Total revenue $20.6 million vs. $14.1 million in Q3 2025; MRAM product sales $16.9 million
- GAAP net loss $7.2 million, or $(0.29) per share, vs. net income of $54,000 in Q3 2025; litigation expenses $6.0 million and regulatory provision $2.7 million
- Non-GAAP net income $3.1 million, or $0.12 per diluted share, vs. $1.5 million, or $0.06, in Q3 2025
- Q4 2026 guidance: revenue $21.5 million to $22.5 million; GAAP net loss per share $(0.13) to $(0.08)
The filing
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 October 28, 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.