EVERSPIN TECHNOLOGIES INC. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Everspin reported Q2 2026 total revenue of $18.7M (up 42% YoY from $13.2M), with MRAM product sales of $15.3M and $3.4M in licensing/engineering revenue. The company signed a $40M contract with a US prime contractor; initial non-product revenue from this deal contributed to Q2 results. GAAP net loss was $3.6M (–$0.15/share) due to $4M litigation costs and $1M NRE charges; non-GAAP net income was $2.9M ($0.11/share). Cash stands at $43.9M. Q3 2026 guidance: revenue $19.5–$20.5M; non-GAAP EPS $0.10–$0.15.
Why this rating
Revenue growth 42% YoY is meaningful; $40M multi-year contract is 30% of annual run-rate, material for $134M company. But one-time litigation/NRE charges mask underlying profitability. Moderate trajectory impact.
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