MRAM
Everspin Technologies, Inc.

Everspin Technologies, Inc.MRAM

Technology · Semiconductors
17.68USD
+2.97%
Sep 23, 2026
MRAM overview ready
Everspin is a specialized commercial supplier of standalone Toggle MRAM and STT-MRAM products, with related magnetic-sensor and foundry capabilities.
Narrative not measured
No clear company-independent narrativeNo qualifying multi-company themePure play
Price trend is broken
Longer-term context reads near trend floor, with a near-term setup of daily advance.
The tactical setup reads daily advance, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Primary risk
Technology adoption risk as MRAM competes with established memory types.
Market Sep 22Filing Jun 30Price action Sep 22Research Jul 17

Conviction Level

Theme Heat has no canonical measurement for this company — a research-profile dimension, not an input to this score.

NarrativeHeat—ThemeHeat—PriceAction5.7Valuation2.6CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads near trend floor, with a near-term setup of daily advance.
The tactical setup reads daily advance, but the weekly structure is broken.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$430.5M
Avg Volume (60D)
1.1M
60 sessions
Revenue Growth YoY
+9.5%
FY2025 vs FY2024
Gross Margin
+52.3%
Trailing twelve months
Operating Margin
-15.5%
Trailing twelve months
Free Cash Flow Yield
-1.2%
Distance from 200DMA
+10.8%
Next Earnings
2026-11-11
P/E
N/M
EV / Sales
6.2x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
Everspin Technologies, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

What changed

  • MRAM rose 12.4% in one session
    MRAM closed +12.4% against a broad market that moved +1.6%.
    2026-09-21

Company Research

Thesis
Everspin is a specialized commercial supplier of standalone Toggle MRAM and STT-MRAM products, with related magnetic-sensor and foundry capabilities.
Key risk
Technology adoption risk as MRAM competes with established memory types.

Narrative & Theme

No clear company-independent narrative
Part of No qualifying multi-company theme.
Everspin has direct product exposure to a real but specialized memory-architecture adoption cycle: customers use MRAM where persistent storage, very high endurance, fast writes, low standby power, and resilience are more valuable than lowest-cost commodity memory.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Technology · Semiconductors
What they do

Everspin Technologies, Inc. designs, manufactures, and sells magnetoresistive random access memory (MRAM) products and related foundry services globally, serving multiple industries with advanced memory technologies.

How it earns

The company generates revenue primarily through transactional sales of MRAM products and foundry services to original equipment manufacturers and contract manufacturers.

Products & services
Toggle MRAM
Spin-transfer torque MRAM
Tunnel magneto resistance sensors
Foundry services for MRAM and MTJ-based sensors
Customers & end markets
Industrial
Medical
Automotive/transportation
Aerospace
Data center
Market position

Niche player specializing in MRAM technologies within the semiconductor memory market.

Demand drivers
Medium cyclicality

Demand is influenced by end-market capital spending cycles in industrial, automotive, and data center sectors.