Everspin Technologies, Inc. (MRAM) AI Stock Analysis

Everspin Technologies, Inc. specializes in the manufacturing and sale of magnetoresistive random access memory (MRAM) products. Founded in 2008 and based in Chandler, Arizona, the company serves global markets including the United States, Hong Kong, Japan, China, and Canada. Everspin provides Toggle MRAM, spin-transfer torque MRAM, tunnel magneto resistance sensors, and embedded MRAM foundry services. Its products target data centers, industrial automation, medical devices, automotive, transportation, and aerospace sectors. The company reaches original equipment manufacturers and original design manufacturers through a direct sales force, representatives, and distributors.

Everspin generated $55.2M in revenue in FY2025, up 9.5% year-over-year following a 21.0% drop in FY2024 to $50.4M. Over the 5-year period from FY2020 to FY2025, revenue grew at a CAGR of 5.6%. Gross margin compressed from 60.0% in FY2021 to 51.2% in FY2025, while operating margin slipped from 9.1% to -11.8% over the same timeframe. Net income dropped from $4.3M in FY2021 to -$586,000 in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue grew 41.9% year-over-year, while quarterly earnings declined 10.8%.

As of June 30, 2026, Everspin held $43.9M in cash and short-term investments against $2.8M in total debt, yielding a net cash position of $41.1M. The company maintains a current ratio of 4.74 and a debt-to-equity ratio of 0.04. In FY2025, operating cash flow stood at $10.0M and free cash flow was $3.1M, with capital expenditures totaling $6.8M. Over the last 5 years, the total share count increased by 19.9%.

Everspin closed at $13.02 on October 16, 2026, giving it a market cap of $317.0M and an enterprise value of $375.6M. The stock trades at a forward P/E of 31.6x, compared to the median of its US-listed Technology peers at 18.8x. Its price-to-sales ratio is 5.1x versus the peer median of 2.8x, and its EV/EBITDA stands at 67.1x against the peer median of 16.6x. Over the past year, Everspin rose 19.9%, compared to a 16.8% return for the S&P 500 (SPY).

Wall Street coverage includes 2 Strong Buy ratings, 1 Buy rating, and zero Hold or Sell ratings. The mean price target is $25.50, representing an upside of 95.9% over the October 16, 2026 close of $13.02. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $0.46 on revenue of $74.5M. Everspin has beat EPS estimates in each of the last 4 quarters, with its next earnings report scheduled for October 28, 2026.

This page is an AI-written research summary of Everspin Technologies, Inc. (MRAM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MRAM income statement, MRAM balance sheet, MRAM key metrics, MRAM analyst forecast, MRAM chart. See the MRAM stock overview for the latest quote and news.