Everspin Tech Reports Strong Q4 Results, Outlines Product Roadmap

MRAM maker sees growth in data center, energy, and industrial markets, reiterates $100M annual revenue goal.

Published on Mar. 6, 2026

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Everspin Technologies reported fourth-quarter 2025 results that exceeded its outlook, driven by strength in data center, energy management, and industrial automation end markets. The company also outlined product milestones in its xSPI STT-MRAM portfolio and reiterated a longer-term strategy of reaching $100 million in annual revenue over the next three to five years.

Why it matters

Everspin's performance highlights the growing demand for its specialized MRAM memory solutions across key industrial and infrastructure markets. As traditional memory suppliers face capacity constraints, Everspin is positioning its xSPI STT-MRAM as a viable alternative to NOR flash, which could drive significant future growth.

The details

Everspin reported Q4 2025 revenue of $14.8 million and non-GAAP EPS of $0.11, with MRAM product sales up 22% year-over-year. The company also recognized $2 million in other income related to a Department of Defense contract. Everspin made progress on its xSPI STT-MRAM portfolio, ramping its PERSYST 64 Mb product to full production and seeing strong demand, particularly in the low Earth orbit satellite market. The company is also qualifying higher-density 128 Mb and 256 Mb xSPI STT-MRAM parts and on track to tape out a 256 Mb monolithic xSPI device this year.

  • Everspin reported Q4 2025 results on March 6, 2026.
  • The company expects to complete work on a $14.6 million DoD contract in the first half of 2027.
  • Everspin plans to tape out a 256 Mb xSPI STT-MRAM device in the second half of 2026.

The players

Everspin Technologies, Inc.

A semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions.

Sanjeev Aggarwal

President and CEO of Everspin Technologies.

Bill Cooper

CFO of Everspin Technologies.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

Everspin expects its first "enhanced serial NOR-like xSPI product family" to be in production in 2027 and contributing to the company's $100 million annual revenue goal.

The takeaway

Everspin's strong performance and product roadmap highlight the growing demand for its specialized MRAM solutions, particularly as traditional memory suppliers face capacity constraints. The company's positioning of xSPI STT-MRAM as a NOR flash alternative could drive significant future growth across industrial, infrastructure, and aerospace markets.