Everspin Tech (NASDAQ:MRAM) Updates Q2 2026 Earnings Guidance

Everspin Tech (NASDAQ:MRAM) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.000-0.030 for the period, compared to the consensus earnings per share estimate of 0.070. The company issued revenue guidance of $15.5 million-$16.5 million, compared to the consensus revenue estimate of $14.7 million.

Analysts Set New Price Targets

A number of research firms recently commented on MRAM. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Finally, Needham & Company LLC lifted their target price on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Everspin Tech presently has an average rating of “Hold” and an average price target of $18.50.

Everspin Tech Trading Up 16.0%

NASDAQ:MRAM traded up $2.92 during midday trading on Friday, hitting $21.20. 3,081,944 shares of the stock were exchanged, compared to its average volume of 877,157. Everspin Tech has a one year low of $5.49 and a one year high of $22.69. The company has a market capitalization of $493.90 million, a price-to-earnings ratio of 2,116.92 and a beta of 0.94. The business has a 50-day moving average price of $10.59 and a two-hundred day moving average price of $10.43.

Everspin Tech (NASDAQ:MRAM) last announced its earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. Everspin Tech had a return on equity of 4.85% and a net margin of 0.50%.The firm had revenue of $14.87 million for the quarter, compared to analysts’ expectations of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Insider Buying and Selling

In related news, CEO Sanjeev Aggarwal sold 19,440 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $9.20, for a total transaction of $178,848.00. Following the sale, the chief executive officer owned 847,881 shares of the company’s stock, valued at $7,800,505.20. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by insiders.

Trending Headlines about Everspin Tech

Here are the key news stories impacting Everspin Tech this week:

• Positive Sentiment: $40M U.S. defense subcontract — Everspin signed a ~2.5?year, $40M agreement with a U.S. prime contractor to supply Toggle MRAM technology and engineering services for mil?aero/DoD customers, giving multi?year revenue visibility and defense market validation. Read More.
• Positive Sentiment: Q1 “double beat” — Everspin reported Q1 revenue and EPS modestly ahead of expectations (revenue ~$14.87M; EPS $0.11), driven by strength in Industrial Automation, Transportation and Data Center end markets. This helped push sentiment higher. Read More.
• Positive Sentiment: Unusually large call buying — Traders purchased ~6,049 call options (?346% above normal), a bullish positioning signal that likely amplified the intraday move and volume spike.
• Positive Sentiment: Analyst support — Needham upgraded/issued a positive forecast and raised its price target, signaling improved sell?side sentiment (note: Needham’s new PT still sits below a recent intraday price). Read More.
• Neutral Sentiment: Revenue guidance raised but mixed picture — Management set Q2 revenue guidance of $15.5M–$16.5M (above consensus), which points to continued top?line strength. Read More.
• Neutral Sentiment: Earnings?call highlights: MRAM growth intact but costs rising — Management reiterated product demand but flagged higher costs, creating a mixed earnings narrative to watch for margin trends. Read More.
• Negative Sentiment: Weak Q2 EPS guide — Management issued Q2 EPS guidance of $0.00–$0.03 versus consensus near $0.07, signaling potential margin pressure and tempering the outlook despite stronger revenue guidance. Read More.

Institutional Investors Weigh In On Everspin Tech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Everspin Tech in the second quarter valued at $25,000. Kestra Advisory Services LLC bought a new position in shares of Everspin Tech in the fourth quarter valued at $41,000. State Street Corp increased its holdings in shares of Everspin Tech by 5.7% in the fourth quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock valued at $791,000 after buying an additional 4,600 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Everspin Tech by 28.6% in the second quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock valued at $171,000 after buying an additional 6,041 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Everspin Tech by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 8,618 shares in the last quarter. Institutional investors own 44.68% of the company’s stock.

About Everspin Tech

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.