---
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"
generated_at: "2026-05-15T01:42:00.499128+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Everspin Q1 revenue $14.9M, non-GAAP EPS $0.11; announces $40M defense contract

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-028376
- JSON: https://secwatch.observer/filing/0001628280-26-028376.json
- Plain text: https://secwatch.observer/filing/0001628280-26-028376.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2026
  - Revenue: $14.9 million
  - Net income: net loss of $0.3 million
  - EPS: $(0.01) per diluted share
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1438423/000162828026028376/0001628280-26-028376-index.htm
- Earnings Releases
  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.
  - Period: the second quarter of 2026
  - 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
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1438423/000162828026028376/0001628280-26-028376-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.