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Everspin Technologies, Inc. logo

Everspin Technologies, Inc.

MRAM

NASDAQTechnologySemiconductors

Open in GoAI

Previous close

$17.11

+$0.14 · +0.82%

Aug 21, 4:00 PM ET

Pre-market

$16.76

−$0.35 · -2.05%

Aug 24, 5:06 AM ET

MRAM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

5

Overpriced

Momentum

44

Neutral

Sentiment

56

Mixed

Risk resilience

29

High Risk

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Company profile

Company website

Everspin Technologies, Inc. is a global provider specializing in the development and distribution of advanced magnetoresistive random access memory (MRAM) products. The company's market reach extends across various international regions, including key territories like the United States, Hong Kong, Japan, China, and Canada. Its comprehensive product line encompasses Toggle MRAM, spin-transfer torque MRAM (STT-MRAM), and tunnel magneto resistance (TMR) sensor components, alongside offering foundry services for embedded MRAM solutions. These high-performance memory devices are deployed in a wide array of demanding applications, serving sectors such as data centers, industrial automation, medical technology, automotive and transportation systems, and the aerospace industry. Everspin supplies its offerings to both original equipment manufacturers (OEMs) and original design manufacturers (ODMs) through a combination of direct sales efforts and a robust network of representatives and distributors. The company, which was founded in 2008, is headquartered in Chandler, Arizona.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Sanjeev Aggarwal
Listed since
Oct 7, 2016
Employees
85

Market position

Day range

Current $17.11

52-week range

Current $17.11

Open
$17.28
Previous close
$16.97
Volume
893.89K
0.32× average
Average volume
2.84M
Average daily volume
Market cap
401.19M USD
Beta
1.92
Market reference 1
50-day average
$18.6655
-8.33% below average
200-day average
$15.1477
+12.95% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
168.32M USD
EV / EBITDA
61.1×
Earnings yield
-0.28%
Free cash flow yield
1.49%

Profitability & efficiency

Return on equity
-0.85%
Return on assets
-0.69%
Return on invested capital
-8.97%

Financial health

Current ratio
4.84×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends67%38%8%-21%Gross margin, FY2021: 59.97%Gross margin, FY2022: 56.59%Gross margin, FY2023: 58.41%Gross margin, FY2024: 51.84%Gross margin, FY2025: 51.16%Operating margin, FY2021: 9.13%Operating margin, FY2022: 10.38%Operating margin, FY2023: 9.23%Operating margin, FY2024: -14.07%Operating margin, FY2025: -11.79%Net margin, FY2021: 7.88%Net margin, FY2022: 10.22%Net margin, FY2023: 14.20%Net margin, FY2024: 1.55%Net margin, FY2025: -1.06%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 59.97%. Gross margin FY2022 56.59%. Gross margin FY2023 58.41%. Gross margin FY2024 51.84%. Gross margin FY2025 51.16%. Operating margin FY2021 9.13%. Operating margin FY2022 10.38%. Operating margin FY2023 9.23%. Operating margin FY2024 -14.07%. Operating margin FY2025 -11.79%. Net margin FY2021 7.88%. Net margin FY2022 10.22%. Net margin FY2023 14.20%. Net margin FY2024 1.55%. Net margin FY2025 -1.06%.

Income trends

Revenue

55.2M USD+9.52%

Operating income

−6.51M USD+8.22%

Net income

−586K USD−1.37M USD
Income trends across reported periods70.85M USD42.51M USD14.17M USD−14.18M USDRevenue, FY2021: 55.15M USDRevenue, FY2022: 59.99M USDRevenue, FY2023: 63.77M USDRevenue, FY2024: 50.4M USDRevenue, FY2025: 55.2M USDOperating income, FY2021: 5.04M USDOperating income, FY2022: 6.23M USDOperating income, FY2023: 5.89M USDOperating income, FY2024: −7.09M USDOperating income, FY2025: −6.51M USDNet income, FY2021: 4.34M USDNet income, FY2022: 6.13M USDNet income, FY2023: 9.05M USDNet income, FY2024: 781K USDNet income, FY2025: −586K USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 55.15M USD. Revenue FY2022 59.99M USD. Revenue FY2023 63.77M USD. Revenue FY2024 50.4M USD. Revenue FY2025 55.2M USD. Operating income FY2021 5.04M USD. Operating income FY2022 6.23M USD. Operating income FY2023 5.89M USD. Operating income FY2024 −7.09M USD. Operating income FY2025 −6.51M USD. Net income FY2021 4.34M USD. Net income FY2022 6.13M USD. Net income FY2023 9.05M USD. Net income FY2024 781K USD. Net income FY2025 −586K USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue55.2M USD50.4M USD63.77M USD59.99M USD55.15M USD
Cost of goods sold26.96M USD24.28M USD26.52M USD26.04M USD22.07M USD
Gross profit28.24M USD26.13M USD37.25M USD33.95M USD33.07M USD
Research and development14.09M USD13.69M USD11.78M USD11.11M USD12.63M USD
Selling, general, and administrative20.67M USD19.53M USD19.58M USD16.61M USD15.41M USD
Operating expenses34.75M USD33.22M USD31.36M USD27.72M USD28.04M USD
Interest income1.65M USD1.77M USD———
Interest expense——63K USD274K USD547K USD
Depreciation and amortization3.21M USD1.73M USD1.21M USD982K USD1.46M USD
Operating income−6.51M USD−7.09M USD5.89M USD6.23M USD5.04M USD
Net income−586K USD781K USD9.05M USD6.13M USD4.34M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$19.00

11.05% upside
Past 12 months12-month forecastHigh $19.00Average $19.00Low $19.00

Rating distribution

5 ratings
Strong buy00%
Buy5100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

2 institutions
Craig-HallummaintainBuy

MRAM news

defenseworld.net

Everspin Tech Targets NOR Flash, Data Center Growth With High-Density MRAM

Everspin Tech (NASDAQ: MRAM) outlined its growth strategy in magnetic random-access memory, or MRAM, citing expanding demand from industrial automation, aerospace, data centers and higher-density replacements for NOR…

Read source
marketbeat.com

Everspin Tech Targets NOR Flash, Data Center Growth With High-Density MRAM

Everspin Tech NASDAQ: MRAM outlined its growth strategy in magnetic random-access memory, or MRAM, citing expanding demand from industrial automation, aerospace, data centers and higher-density replacements for NOR flash…

Read source
marketbeat.com

Everspin Tech Targets $100M Revenue by 2029 With MRAM Expansion, Foundry Push

Everspin Tech NASDAQ: MRAM outlined plans to expand its MRAM memory product portfolio, manufacturing footprint and revenue base during an Oppenheimer presentation, with management targeting more than $100 million in…

Read source
seekingalpha.com

Everspin Technologies: New Use Cases Can Propel Its Growth

Everspin Technologies is rated 'Buy' with a $27/share price target, reflecting 74% upside potential. MRAM targets revenue growth from $55M in FY25 to $100M in FY29, which I believe can be met with data center and space…

Read source
defenseworld.net

Dimensional Fund Advisors LP Grows Holdings in Everspin Tech $MRAM

Dimensional Fund Advisors LP raised its position in Everspin Tech (NASDAQ: MRAM) by 13.0% in the undefined quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 409,010 shares of…

Read source
gurufocus.com

Everspin Technologies Appoints Vikas Choudhary to Board of Directors

Everspin Technologies, Inc. (NASDAQ: MRAM), the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory sol

Read source

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ETFs holding MRAM

Funds reporting this stock among their holdings, ordered by reported position size.

State Street SPDR S&P Semiconductor ETF logoState Street SPDR S&P Semiconductor ETFXSD
Market value
14.84M
Weight
0.56%
AUM
2.67B USD
Expense ratio
0.35%
Price / 1D
$498.23+0.30%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
9.25M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
8.5M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
3.2M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
3.1M
Weight
0.02%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
1.59M
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Dimensional - US Small Cap ETF logoDimensional - US Small Cap ETFDFAS
Market value
1.3M
Weight
0.01%
AUM
15.92B USD
Expense ratio
0.26%
Price / 1D
$83.02+0.73%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
1.14M
Weight
0.08%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%

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