News

Everspin Tech (NASDAQ:MRAM) reported first-quarter 2026 results at the high end of its guidance range and highlighted a newly announced $40 million, two-and-a-half-year agreement with a U.S. prime contractor focused on defense-related Toggle MRAM process technology and engineering services. New $40

Before we begin the call, I would like to remind you that today's discussion may contain forward-looking statements regarding future events including, but not limited to, the company's expectations for Everspin Technologies, Inc.'s future business, financial performance and goals, customer and industry adoption of MRAM technology, successfully bringing to market and manufacture products in Everspin Technologies, Inc.'s design pipeline, and executing on its business plan. The financial results discussed today reflect the company's preliminary estimates, are based on the information available as of the date hereof, and are subject to further review by Everspin Technologies, Inc. and its external auditors.

Everspin Technologies is back in focus after analysts revised their price target to $14 from $15, while keeping the fair value estimate steady at $12.50. This adjustment lines up with recent commentary that the core view on the business is intact, with the target tweak reflecting refreshed assumptions rather than a change in conviction. As you read on, you will see how this updated target fits into the evolving analyst narrative and how it could inform the way you track the stock. Stay...

In April 2026, Everspin Technologies announced a 10‑year extendable agreement with Microchip Technology to establish a copy‑exact MRAM and TMR sensor manufacturing line in a Microchip Oregon fab, providing onshore second‑source capacity, ITAR‑compliant processing, and supply continuity beyond 2027. This collaboration strengthens Microchip’s role in U.S. semiconductor manufacturing infrastructure while giving Everspin additional room to pursue MRAM R&D and future product applications. Next,...