EVERSPIN TECHN. DL -,0001

At the Lytham Partners Summit, Everspin Technologies reported strong growth: in Q2 2026 the company achieved a record revenue of $18.7 million (+42% YoY) and guides Q3 revenue of $19.5–20.5 million, driven by a 38% increase in product sales. Management highlighted robust demand in industrial, energy, satellite and data center applications, six months of visibility on customer orders and no signs of inventory buildup. Everspin received a $40 million subcontract from the US Department of Defense, is expanding manufacturing capacity in the US and sees significant mid-term potential in replacing NOR-Flash (estimated market $3.5–4 billion). Upcoming milestones include tape-out of the 256‑Mbit PERSYST chip in Q3/Q4 2026, a production ramp by mid‑2027 and potential data center prototypes with MaxLinear and CXL connectivity. » More on de.investing.com

Everspin reports a Q2/2026 record revenue of $18.7 million and forecasts $19.5–20.5 million for Q3; management is targeting $100 million or more in revenue by FY2029. Growth drivers include a $40 million subcontract from the U.S. government, new foundry partnerships (Microchip, TSMC, GlobalFoundries) and the high-density memory project UNISYST, whose tape-out is expected by the end of 2026. Gross margins remain stable at around 50–54%, the company is debt-free and holds $43.9 million in cash, but expects short-term pressure from ongoing legal costs in its dispute with Avalanche and from investments to expand manufacturing. » More on de.investing.com

Everspin posted record revenue of $18.7 million in the second quarter and a non-GAAP earnings of $0.11 per share, beating consensus estimates. Product revenue rose 38% to $15.3 million, and other revenue doubled to $3.4 million; the quarter was driven by industrial automation, energy, aerospace/defense and a first-time booked subcontract worth over $40 million. Management sees long-term growth potential in defense, satellite technology and data centers, expects Q3 revenue of $19.5–20.5 million and non-GAAP EPS of $0.10–0.15, but warns of margin pressure from higher backend costs and ongoing litigation expenses. » More on de.investing.com