Everspin Q4 revenue rises 12% yr/yr

Overview

• MRAM solutions provider's preliminary Q4 revenue rose 12% yr/yr, driven by key application areas

• Company's Q4 gross margin decreased to 50.8% from 51.3% last year

• Q4 non-GAAP net income declined to $2.6 mln from $2.8 mln last year

Outlook

• Everspin expects Q1 2026 revenue between $14.0 mln and $15.0 mln

• Company anticipates Q1 2026 GAAP net loss per share between ($0.03) and net income of $0.02

• Everspin projects Q1 2026 non-GAAP EPS between $0.07 and $0.12

Result Drivers

• APPLICATION DEMAND - Growth in Data Center, Energy Management, and Industrial Automation applications drove Q4 results, according to CEO Sanjeev Aggarwal

• DESIGN WINS - Everspin reported 238 design wins in 2025, up from 178 in 2024, expected to ramp to production in 2026 and 2027

Company press release: ID:nBw3p7LyRa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for Everspin Technologies Inc is $12.75, about 20.2% above its March 3 closing price of $10.61

• The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 27 three months ago

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