Everspin Tech (NASDAQ:MRAM) Updates Q1 2026 Earnings Guidance

Everspin Tech (NASDAQ:MRAM) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.070-0.120 for the period, compared to the consensus estimate of 0.070. The company issued revenue guidance of $14.0 million-$15.0 million, compared to the consensus revenue estimate of $14.7 million.

Everspin Tech Trading Up 1.7%

Shares of NASDAQ MRAM traded up $0.18 during trading hours on Wednesday, reaching $10.79. The stock had a trading volume of 753,916 shares, compared to its average volume of 885,010. The firm has a 50-day moving average of $11.56 and a 200-day moving average of $9.69. The firm has a market cap of $246.66 million, a price-to-earnings ratio of -359.67 and a beta of 0.86. Everspin Tech has a fifty-two week low of $4.34 and a fifty-two week high of $17.24.

Everspin Tech (NASDAQ:MRAM) last released its quarterly earnings results on Wednesday, March 4th. The business services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $14.80 million for the quarter, compared to analyst estimates of $14.45 million. Everspin Tech had a negative return on equity of 0.89% and a negative net margin of 1.06%.Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MRAM. Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research note on Monday, December 29th. Finally, Needham & Company LLC raised their price target on Everspin Tech from $8.00 to $10.50 and gave the stock a “buy” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.50.

Insider Buying and Selling at Everspin Tech

In other Everspin Tech news, CFO William Earl Cooper sold 6,807 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total value of $82,092.42. Following the completion of the sale, the chief financial officer owned 93,193 shares of the company’s stock, valued at approximately $1,123,907.58. This trade represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.90% of the stock is currently owned by insiders.

Institutional Trading of Everspin Tech

Several large investors have recently bought and sold shares of MRAM. Raymond James Financial Inc. acquired a new position in Everspin Tech in the 2nd quarter valued at about $25,000. Kestra Advisory Services LLC purchased a new stake in shares of Everspin Tech during the fourth quarter worth about $41,000. State Street Corp raised its position in shares of Everspin Tech by 5.7% in the fourth quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock valued at $791,000 after buying an additional 4,600 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Everspin Tech by 28.6% during the second quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock valued at $171,000 after buying an additional 6,041 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Everspin Tech by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 8,618 shares during the period. Institutional investors and hedge funds own 44.68% of the company’s stock.

About Everspin Tech

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.