Everspin Tech (NASDAQ:MRAM) Issues Q3 2026 Earnings Guidance

Everspin Tech (NASDAQ:MRAM) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.100-0.150 for the period, compared to the consensus EPS estimate of 0.100. The company issued revenue guidance of $19.5 million-$20.5 million, compared to the consensus revenue estimate of $18.4 million.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded Everspin Tech from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Needham & Company LLC increased their price objective on Everspin Tech from $18.50 to $19.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.00.

Everspin Tech Trading Down 7.3%

Shares of Everspin Tech stock opened at $16.14 on Thursday. Everspin Tech has a 12-month low of $5.76 and a 12-month high of $51.50. The company has a market cap of $378.48 million, a P/E ratio of 1,615.62 and a beta of 1.94. The company’s fifty day simple moving average is $20.82 and its two-hundred day simple moving average is $17.11.

Everspin Tech (NASDAQ:MRAM) last announced its earnings results on Wednesday, August 5th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.14. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.The firm had revenue of $18.74 million during the quarter, compared to analyst estimates of $17.30 million. Everspin Tech has set its Q3 2026 guidance at 0.100-0.150 EPS.

Insider Buying and Selling at Everspin Tech

In other news, CEO Sanjeev Aggarwal sold 30,885 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $22.34, for a total value of $689,970.90. Following the sale, the chief executive officer directly owned 839,561 shares of the company’s stock, valued at $18,755,792.74. This represents a 3.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William Earl Cooper sold 10,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $29.13, for a total transaction of $291,300.00. Following the completion of the transaction, the chief financial officer owned 151,030 shares of the company’s stock, valued at approximately $4,399,503.90. The trade was a 6.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 148,843 shares of company stock valued at $4,775,218. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Everspin Tech

Several large investors have recently made changes to their positions in MRAM. Jane Street Group LLC grew its stake in shares of Everspin Tech by 265.0% in the fourth quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider’s stock worth $1,707,000 after acquiring an additional 133,560 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Everspin Tech in the 2nd quarter worth about $716,000. Arrowstreet Capital Limited Partnership boosted its stake in Everspin Tech by 426.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 111,542 shares in the last quarter. Informed Momentum Co LLC bought a new position in Everspin Tech in the 4th quarter worth about $803,000. Finally, Two Sigma Investments LP grew its position in Everspin Tech by 63.9% during the 3rd quarter. Two Sigma Investments LP now owns 170,933 shares of the business services provider’s stock valued at $1,591,000 after purchasing an additional 66,623 shares during the last quarter. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

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.