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Everspin (MRAM) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Everspin Technologies, Inc. (MRAM) 
Last everspin technologies, inc. earnings: 11/7 04:05 pm Check Earnings Report
President and Chief Executive Officer — Sanjeev Aggarwal Chief Financial Officer — Bill Cooper Takeaways New $40 million U.S. prime contractor agreement -- Everspin Technologies announced a two-and-a-half-year, $40 million subcontract in defense, providing Toggle MRAM process technology and engineering services, expected to have a "significant positive impact" over the contract term. Total revenue -- $14.9 million, a 14% increase year over year, reaching the high end of the $14 million to $15 million guidance range. MRAM product sales -- $14.1 million, up 28% year over year and 5% sequentially from Q4 2025, attributed to strong demand across markets. Licensing, royalty, patent, and other revenue -- $0.8 million, down from $2.1 million in Q1 2025, reflecting fewer active projects. GAAP gross margin -- 52.7%, up from 51.4% year over year, driven by increased capacity utilization. GAAP operating expenses -- $10.6 million, increased from $8.7 million in Q1 2025, primarily Show less Read more
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