secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001628280-26-028376
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000162828026028376/0001628280-26-028376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000162828026028376/mram-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-028376

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer