Everspin

GlobalFoundries reported its Q1 2026 financial results, with $1.63 billion in revenues, and a net profit of $227 million. The company reported its design wins increased 50% over Q1 2025 - including automotive MRAM (and microLED) wins.

GF says that it is seeing strong momentum for auto-grade embedded MRAM capability on FDX, describing "industry-leading 100 MHz class access times" and endurance and reliability. The company reported that lead customers have taped out with the MRAM feature and cited growing engagement with tier-one suppliers including Bosch as it moves toward production.

Everspin Technologies has entered into a $40 million 30-months defense subcontract agreement with Amentum Services Inc. to support the U.S. government’s Microelectronics Research, Development, Test, and Evaluation (RDT&E) program. 

Everspin updates that the contract aims to establish proven processes and manufacturing capabilities for new Toggle MRAM. Under the agreement, Everspin will manage the program and develop on-shore Toggle MRAM production capability.

Everspin Technologies reported its financial results for Q1 2026, with revenues of $14.9 million (up from $13.1 in Q1 2025), and a non-GAAP net income of $2.6 million. 

Everspin says that its excellent first quarter results (at the high-end of their guidance) were driven by strength in Industrial Automation, Transportation, and Data Center applications. The company says it is starting to see a recovery in customer demand especially in Japan as inventory levels have been worked down. 

Everspin Technologies announced that it has signed a strategic manufacturing agreement with Microchip Technology to expand its MRAM production capacity and strengthen long-term supply.

Everspin entered into a 10-year agreement (that can be extended in 2-year increments) to onshore US manufacturing capacity for MRAM and Tunnel Magnetoresistive (TMR) sensor products.

GlobalFoundries announced the availability of Auto Grade 1 ready embedded MRAM (eMRAM) technology on the company’s ultra-low power FDX platform. GF says that this is a key enhancement to its portfolio of non-volatile memory technologies and AutoPro platform of automotive-ready solutions.

The new FDX+AutoPro150 eMRAM technology delivers essential advantages over competitive industry grade memories, including proven endurance up to 500k cycles, sub-10 nanosecond read speed, and superior scalability for larger memory density. The technology is designed to address known magnetic field effects and qualified for reliable operation in harsh environments up to 150°C, enabling high-performance, system-on-chip (SoC) solutions that meet the demands of critical automotive applications.

Everspin Technologies launched a new family of unified code and data memory devices, branded as UNISYST MRAM. The new technology and platform targets high-density, non-volatile architecture for edge AI, industrial and mission-critical designs

Everspin's president and CEO, Sanjeev Aggarwal, says that sSystem designers are running into the physical and performance limits of NOR flash, especially as process nodes move below 40 nanometers and workloads become more demanding. With UNISYST, Everspin is extending its MRAM roadmap to higher densities while giving customers a practical way to start with PERSYST today and migrate to a code-and-data MRAM architecture as soon as it is available.

Everspin Technologies is expanding its high-reliability (HR) PERSYST xSPI STT-MRAM portfolio, adding a new 256Mb density product. The company also announced that it has completed full production qualification for its 64Mb MRAM product, which has now completed full production qualification for the AEC-Q100 Grade 1 specification. 

Everspin's HR xSPI 64Mb STT-MRAM It is currently available for customer orders and supports high-volume production programs, with inventory available through Everspin’s authorized distributors worldwide.

Everspin Technologies announced its financial results for Q4 2025, with a 12% increase in revenues to $14.8 million, and a net income of $2.6 million. Everspin says that its strong Q4 performance reflects the growing demand for its MRAM solutions across various sectors, especially in data centers, energy managements, aerospace and industrial automation.

Everspin ended the quarter with cash and cash equivalents of $44.5 million, down $0.8 million from $45.3 million at the end of Q3 2025.

On January 28, Avalanche Technology filed a lawsuit in the United States District Court for the District of Delaware, against Everspin Technologies saying that Everspin's STT-MRAM technology infringes upon Avalanche's patents.

Avalanche says that there are 4 patents that Everspin infringes upon : U.S. Patents 9,318,179, 9,419,210, 11,678,586, and 10,490,737.  The Lawsuit requests customary remedies for patent infringement and the ITC Complaint requests that the U.S. ITC  Investigation commence an investigation.

Everspin Technologies announced its newest high-reliability additions to the PERSYST MRAM product line: the EM064LX HR and EM128LX HR devices.  These two new xSPI MRAM products are designed for extreme operating environments, with high endurance, temperature performance and data retention. Everspin is targeting aerospace, defense, automotive and high-end industrial applications for these new chips. 

Everspin's new MRAM chips have received an AEC-Q100 Grade 1 qualification for operation from -40°C to +125°C. Each device undergoes a 48-hour burn-in process and provides 10-year data retention at 125°C, ensuring predictable performance even under the most demanding conditions. With 64- and 128-megabit densities achieving 90 Mbytes/sec read and write bandwidth, sustained for over a decade, the EM064LX HR and EM128LX HR are built for systems that cannot risk data loss or degradation.