12.92
+10.05%
Close of 9 Nov 2026, in USD
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About Everspin Technologies
From its filings with the US Securities and Exchange Commission
Everspin Technologies is based in Chandler, Arizona and is incorporated in United States. Its shares trade on Nasdaq under the ticker MRAM. The SEC classifies its business as semiconductors & related devices. In the fiscal year to 31 December 2025, it reported revenue of $55.2m and a net loss of $586,000. At that date it held total assets of $84.6m and shareholders' equity of $68.9m.
We are a pioneer in the successful commercialization of Magnetoresistive Random Access Memory (MRAM) technology. Our portfolio of MRAM technologies, including Toggle MRAM, Tunnel Magneto Resistance (TMR) Sensors, and Spin-transfer Torque MRAM (STT-MRAM), is delivering superior performance, persistence and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. With over 20 years of MRAM technology and manufacturing leadership, our memory solutions deliver significant value to our customers in key markets such as industrial, medical, automotive/transportation, aerospace and defense, and data center. We are the leading supplier of discrete MRAM components and a successful licensor of our broad portfolio of related technology and intellectual property.
We sell our products directly and through our established distribution channels to industry-leading original equipment manufacturers (OEMs) and original design manufacturers (ODMs).
We manufacture our MRAM products using both captive and third-party manufacturing capabilities. We purchase industry-standard complementary metal-oxide semiconductor (CMOS) wafers from semiconductor foundries and perform back end of line (BEOL) processing that includes our magnetic-bit technology at our leased 200mm fabrication facility in Chandler, Arizona. We also manufacture full-flow 300mm CMOS wafers with our STT-MRAM magnetic-bit technology integrated in BEOL as part of our strategic relationship with GLOBALFOUNDRIES Inc. (GLOBALFOUNDRIES).
Quoted from its 10-K, filed 4 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Semiconductors & Semiconductor Equipment
- Listed since
- 7 Oct 2016
- Employees
- 85
- Website
- everspin.com ↗
- Head office
- 5670 W. CHANDLER BOULEVARD, CHANDLER, AZ, 85226
- Incorporated in
- X1
- Classification
- Semiconductors & Related Devices
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Darin BillerbeckChairman of the Board, since 2018$207,562
- Dr. Sanjeev AggarwalPresident, Chief Executive Officer, Director, since 2010$3.0m
- Mr. William CooperChief Financial Officer
- Mr. Sean DoughertyVice President of Sales
- Mr. David SchrenkVice President - Business Development$897,805
- Mr. Lawrence FinchIndependent Director$178,615
- Mr. Glen HawkIndependent Director$188,374
- Ms. Tara LongIndependent Director$185,937
- Mr. Douglas MitchellIndependent Director$280,186
- Mr. Geoffrey RibarIndependent Director$193,249
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 12
- Environment
- 2
- Social
- 11
- Governance
- 24
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Everspin Technologies Inc possesses several noteworthy strengths which contribute to its success in the market. Firstly, the company is a pioneer in magnetoresistive random-access memory (MRAM) technology, offering high-performance, non-volatile memory solutions. This technological expertise gives Everspin a competitive edge in the semiconductor industry.
- Secondly, Everspin has established strong strategic partnerships with key players in the market, including leading manufacturers and suppliers. These collaborations enable the company to access necessary resources, expand its distribution network, and reach a broader customer base.
- Furthermore, Everspin's intellectual property portfolio is another strength that boosts its position in the industry. The company holds numerous patents and trade secrets related to MRAM technology, providing a barrier to entry for potential competitors.
Weaknesses
- Despite its strengths, Everspin Technologies Inc also faces certain weaknesses that could impact its business. One weakness is the relatively small size of the company compared to some of its larger competitors. This size constraint affects Everspin's ability to invest substantial resources in research and development activities as well as marketing efforts, potentially limiting its market share.
- Additionally, Everspin's narrow product portfolio focusing on MRAM technology poses a challenge. While MRAM offers exceptional performance, it may not be suitable for all applications and markets. This limitation affects the company's ability to tap into a broader customer base and diversify its revenue streams.
Opportunities
- Everspin Technologies Inc has several opportunities for growth and market expansion. The increasing demand for high-performance, low-latency data storage in various industries, such as automotive, aerospace, and IoT, presents a significant market opportunity for the company's MRAM products. Everspin can leverage its technology to develop new applications and capture a larger share of these growing markets.
- Furthermore, the integration of MRAM with other emerging technologies, such as artificial intelligence (AI) and edge computing, opens up new possibilities for Everspin. By focusing on R&D, the company can explore these synergies and develop innovative solutions to meet the future needs of customers.
Threats
- Everspin Technologies Inc operates in a dynamic and competitive market, facing certain threats that could impact its business prospects. One major threat is the presence of well-established competitors with greater financial resources, extensive product portfolios, and broader market reach. These competitors can potentially pose challenges in terms of pricing, distribution channels, and customer acquisition.
- Another threat is the rapid pace of technological advancements. While being an innovator, Everspin must remain vigilant to continuously enhance its products and anticipate market demand. Failure to keep up with evolving technologies may result in the company lagging behind its competitors and losing market share.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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