{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-028376","form_type":"8-K","ticker":"MRAM","cik":"0001438423","company_name":"EVERSPIN TECHNOLOGIES INC.","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.292920+00:00","generated_at":"2026-05-15T01:42:00.499128+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Everspin Q1 revenue $14.9M, non-GAAP EPS $0.11; announces $40M defense contract","bullets":["Total revenue $14.9M, up 14% YoY from $13.1M; MRAM product sales $14.1M vs $11.0M.","GAAP net loss narrowed to $0.3M ($0.01 loss/share) vs $1.2M loss YoY; non-GAAP net income $2.6M ($0.11/share).","New $40M contract with US prime contractor for SOTA MRAM process technology for defense industrial base.","Q2 2026 guidance: rev $15.5M-$16.5M, GAAP EPS loss $(0.12)-$(0.07), non-GAAP EPS $0.00-$0.03.","Cash $40.5M; CFO cites strong balance sheet to execute Microchip Foundry Services Agreement and product dev."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-028376","json":"https://secwatch.observer/filing/0001628280-26-028376.json","markdown":"https://secwatch.observer/filing/0001628280-26-028376.md","text":"https://secwatch.observer/filing/0001628280-26-028376.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1438423/000162828026028376/0001628280-26-028376-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1438423/000162828026028376/mram-20260429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T01:42:00.499128+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"571b169566cfd7d24d83294b9237c305b1dcf32a","claim":"EVERSPIN TECHNOLOGIES INC. reported the first quarter ended March 31, 2026 results: revenue $14.9 million, net income net loss of $0.3 million, EPS $(0.01) per diluted share.","evidence_excerpt":"the Art (SOTA) MRAM process technology capabilities and engineering services for United States Defense Industrial Base customers.” First Quarter 2026 Results • Total revenue of $14.9 million, compared to $13.1 million in the first quarter of 2025. • MRAM product sales, which include both Toggle and STT-MRAM revenue, of $14.1 million, compared to $11.0 million in the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438423/000162828026028376/0001628280-26-028376-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Revenue","value":"$14.9 million"},{"label":"Net income","value":"net loss of $0.3 million"},{"label":"EPS","value":"$(0.01) per diluted share"},{"label":"Result","value":"preliminary results"}]},{"claim_id":"fa5ae39bd63651a1066d2ef720fb08f8aca619c9","claim":"EVERSPIN TECHNOLOGIES INC. reported the second quarter of 2026 results: revenue total revenue in a range of $15.5 million to $16.5 million, EPS GAAP net loss per share to be between ($0.12) and $(0.07). Guidance initiated.","evidence_excerpt":"For the second quarter of 2026, Everspin expects total revenue in a range of $15.5 million to $16.5 million and GAAP net loss per share to be between ($0.12) and $(0.07).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1438423/000162828026028376/0001628280-26-028376-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2026"},{"label":"Revenue","value":"total revenue in a range of $15.5 million to $16.5 million"},{"label":"EPS","value":"GAAP net loss per share to be between ($0.12) and $(0.07)"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}