Everspin Technologies reported its preliminary unaudited financial results for Q2 2026, with record revenues of $18.7 million (up 42% from $13.2 million last year), $15.3 million in MRAM product sales (up from $11.1 million last year). GAAP net loss was $3.6 million, while non-GAAP net income was $2.9 million.
At the end of the quarter, Everspin had $43.9 million in cash and equivalents, and the company expects next quarter revenues in a range of $19.5 million to $20.5 million.
Everspin said that the growth in product sales was led by sales towards Industrial Automation, Energy Management, and Aerospace and Defense applications. reported that it has received initial non-product revenue under its recent $40 million contract with a US prime contractor Amentum.
Disclosure: the Author of this post holds shares in Everspin
