Everspin Technologies Set to Announce Q1 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy MRAM?
Source: seekingalpha
- Earnings Announcement Date: Everspin Technologies is scheduled to release its Q1 2023 earnings on April 29 after market close, with consensus EPS estimates at $0.09, reflecting a significant 350% year-over-year increase, and revenue estimates at $14.6 million, up 11.5% year-over-year.
- Performance Expectations: Over the past two years, Everspin has exceeded EPS estimates 25% of the time while achieving a 100% success rate in beating revenue estimates, indicating strong revenue stability and market confidence in the company.
- Estimate Revisions: In the last three months, EPS estimates have seen one upward revision and no downward adjustments, while revenue estimates experienced one upward and one downward revision, suggesting a cautious market outlook on the company's future performance.
- Market Analysis Insights: Recent analyses suggest that Everspin Technologies appears overpriced, advising investors to wait for further price retracement before pursuing this stock to mitigate investment risks and enhance potential returns.
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Analyst Views on MRAM
Wall Street analysts forecast MRAM stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 39.860
Low
8.00
Averages
High
8.00
Current: 39.860
Low
8.00
Averages
High
8.00
About MRAM
Everspin Technologies, Inc. is a developer and manufacturer of magnetoresistive random access memory (MRAM) solutions. Its portfolio of MRAM technologies includes Toggle MRAM, Tunnel Magneto Resistance (TMR) Sensors, and Spin-transfer Torque MRAM (STT-MRAM). Toggle MRAM products are designed to address applications in the industrial, medical, automotive/transportation, and data center markets. It offers these products with industry standard interfaces, including Parallel, Serial Peripheral Interface (SPI) and Quad SPI (QSPI) interfaces. STT-MRAM technology can be tuned to deliver products in Dynamic Random Access Memory (DRAM), Static Random Access Memory (SRAM) and NOR Flash applications. TMR sensors provide high magnetic sensitivity in a single component that performs 3D magnetic field measurements in a monolithic solution. It sells its products directly and through its distribution channels, to original equipment manufacturers (OEMs) and original design manufacturers (ODMs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Micron's Surge: Micron Technology (MU) stock hit $818.67 on Monday, extending a six-week gain, reflecting strong investor confidence in AI-driven memory demand creating a semiconductor 'supercycle,' with a staggering 761% increase over the past 12 months.
- Intel's Optimism: Intel Corp. (INTC) shares reached $132.75 on Monday, buoyed by reports of a preliminary agreement with Apple to manufacture chips, marking a breakthrough in Intel's foundry ambitions, with a 480% rise in stock price over the last year.
- Everspin's Strong Performance: Everspin Technologies (MRAM) soared to $44.67 on Monday, driven by a strong Q1 earnings beat and a $40 million U.S. defense contract, with a remarkable 553% increase in stock price over the past year, showcasing the company's potential in the semiconductor sector.
- Market Sentiment Soars: Retail sentiment for all three companies on Stocktwits is in 'extremely bullish' territory, indicating that investor optimism surrounding memory chips and data center demand is driving a broader rally across the semiconductor industry.
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- Market Reaction: U.S. stock futures edged lower on Monday morning, with S&P 500 and Dow futures declining by 0.1% while Nasdaq futures remained flat, indicating investor caution ahead of upcoming economic data amid geopolitical developments.
- Chip Sector Momentum: Memory chip stocks like Micron (MU) and Everspin (MRAM) continued to dominate retail chatter, with Everspin's stock surging 35% in early trading, reflecting strong momentum in the AI infrastructure trade.
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- Strong Financial Performance: MRAM reported a 13% year-over-year revenue increase to $14.9 million in Q1, with adjusted earnings of $0.11 per share, both exceeding market expectations and reinforcing investor perceptions of it as an undiscovered investment opportunity.
- Market Sentiment Turns Bullish: Over the weekend, Stocktwits sentiment for both MRAM and HPAI surged to 'extremely bullish', indicating retail investors' strong interest in small-cap semiconductor stocks, especially fueled by AI-related stock momentum.
- Active Small-Cap Trading: Despite no specific news, Everspin and Helport AI surged 45% in Monday trading, highlighting traders' enthusiasm for smaller AI-linked stocks and signaling expectations for future potential in these equities.
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U.S. Stock Futures Decline as Oil Prices Exceed $100 Again
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- Tech Stocks Rally: Micron Technology's stock surged over 7% in overnight trading, driven by strong demand for memory chips, with a staggering 709% increase over the past year, highlighting a robust recovery in the semiconductor sector.
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Everspin Secures $40 Million Defense Contract
- Significant Contract Value: Everspin Technologies has secured a contract worth over $40 million with U.S. Defense Industrial Base customers for a duration of two and a half years, indicating strong demand and market confidence in the defense sector.
- Technological Edge: The Toggle MRAM technology utilizes magnetic states for data storage, providing non-volatile memory that operates even without power, thereby enhancing data protection and reliability to meet modern military requirements.
- Positive Market Reaction: Everspin's shares rallied more than 11% in Monday's premarket trading, reflecting investor optimism regarding the company's long-term potential, particularly amidst active discussions among retail investors.
- Surging Market Sentiment: On Stocktwits, message volumes for MRAM stock surged by 46.7% over the past 24 hours, indicating extreme bullish sentiment among retail investors, which further amplified market interest.
See More
Everspin Reports Q1 Revenue Above Estimates Amid Loss
- Earnings Highlights: Everspin's Q1 revenue reached $14.87 million, slightly exceeding the $14.60 million estimate, although the reported loss of $0.01 per share fell short of the expected profit of $0.09, indicating challenges in profitability.
- Strong Balance Sheet: Executives emphasized that Everspin's balance sheet is “strong,” enabling the company to provide engineering and foundry services for U.S. Defense Industrial Base clients, particularly under the recently announced Foundry Services Agreement with Microchip.
- Strategic New Contract: The firm secured a $40 million agreement with a U.S. prime contractor to provide Toggle MRAM process technology and engineering services, enhancing its position in the defense market and driving future growth.
- Retail Trader Sentiment Shift: On Stocktwits, retail sentiment for MRAM shifted from “bullish” to “extremely bullish,” with users expressing expectations for the stock to surpass $20 and reach a $1 billion market cap, reflecting optimism about the company's future performance.
See More
US Semiconductor Stocks Hit New Highs
- Micron's Surge: Micron Technology (MU) stock hit $818.67 on Monday, extending a six-week gain, reflecting strong investor confidence in AI-driven memory demand creating a semiconductor 'supercycle,' with a staggering 761% increase over the past 12 months.
- Intel's Optimism: Intel Corp. (INTC) shares reached $132.75 on Monday, buoyed by reports of a preliminary agreement with Apple to manufacture chips, marking a breakthrough in Intel's foundry ambitions, with a 480% rise in stock price over the last year.
- Everspin's Strong Performance: Everspin Technologies (MRAM) soared to $44.67 on Monday, driven by a strong Q1 earnings beat and a $40 million U.S. defense contract, with a remarkable 553% increase in stock price over the past year, showcasing the company's potential in the semiconductor sector.
- Market Sentiment Soars: Retail sentiment for all three companies on Stocktwits is in 'extremely bullish' territory, indicating that investor optimism surrounding memory chips and data center demand is driving a broader rally across the semiconductor industry.
See More
Trump Rejects Iran's Revised Proposal Amid Geopolitical Tensions
- Trump's Proposal Rejection: Trump labeled Iran's latest sanctions relief and uranium export proposal as 'totally unacceptable' on social media, potentially escalating tensions in the Middle East and impacting global market sentiment.
- Market Reaction: U.S. stock futures edged lower on Monday morning, with S&P 500 and Dow futures declining by 0.1% while Nasdaq futures remained flat, indicating investor caution ahead of upcoming economic data amid geopolitical developments.
- Chip Sector Momentum: Memory chip stocks like Micron (MU) and Everspin (MRAM) continued to dominate retail chatter, with Everspin's stock surging 35% in early trading, reflecting strong momentum in the AI infrastructure trade.
- Biotech Stocks in Focus: Biotech stocks such as Moderna (MRNA) and Novavax (NVAX) garnered attention, while MoonLake Immunotherapeutics (MLTX) trended high after a positive FDA meeting, showcasing investor confidence in new drug developments.
See More
MRAM Stock Doubles Amid AI Demand Surge in Semiconductors
- Stock Price Doubling: Since announcing its quarterly results and securing a $40 million defense contract on April 29, MRAM's stock has more than doubled, reflecting strong market confidence in its growth potential, particularly driven by AI data center demand.
- Strong Financial Performance: MRAM reported a 13% year-over-year revenue increase to $14.9 million in Q1, with adjusted earnings of $0.11 per share, both exceeding market expectations and reinforcing investor perceptions of it as an undiscovered investment opportunity.
- Market Sentiment Turns Bullish: Over the weekend, Stocktwits sentiment for both MRAM and HPAI surged to 'extremely bullish', indicating retail investors' strong interest in small-cap semiconductor stocks, especially fueled by AI-related stock momentum.
- Active Small-Cap Trading: Despite no specific news, Everspin and Helport AI surged 45% in Monday trading, highlighting traders' enthusiasm for smaller AI-linked stocks and signaling expectations for future potential in these equities.
See More
U.S. Stock Futures Decline as Oil Prices Exceed $100 Again
- Market Sentiment Decline: U.S. stock futures fell overnight on Sunday, with Dow futures down 0.41%, S&P 500 futures down 0.25%, and Nasdaq 100 futures down 0.16%, as Trump's rejection of Iran's peace proposal heightened concerns over prolonged global energy supply tightness.
- Oil Price Surge: Brent crude futures exceeded $100 per barrel again, trading at approximately $104.85, while WTI crude futures rose by 3.89% to $99.13, indicating market expectations of future supply shortages amid ongoing geopolitical tensions.
- Inflation Data Watch: Investors are keenly awaiting U.S. inflation data set to be released on Tuesday, which will provide critical insights into potential interest rate movements, influencing market strategies and investment decisions.
- Tech Stocks Rally: Micron Technology's stock surged over 7% in overnight trading, driven by strong demand for memory chips, with a staggering 709% increase over the past year, highlighting a robust recovery in the semiconductor sector.
See More
Everspin Secures $40 Million Defense Contract
- Significant Contract Value: Everspin Technologies has secured a contract worth over $40 million with U.S. Defense Industrial Base customers for a duration of two and a half years, indicating strong demand and market confidence in the defense sector.
- Technological Edge: The Toggle MRAM technology utilizes magnetic states for data storage, providing non-volatile memory that operates even without power, thereby enhancing data protection and reliability to meet modern military requirements.
- Positive Market Reaction: Everspin's shares rallied more than 11% in Monday's premarket trading, reflecting investor optimism regarding the company's long-term potential, particularly amidst active discussions among retail investors.
- Surging Market Sentiment: On Stocktwits, message volumes for MRAM stock surged by 46.7% over the past 24 hours, indicating extreme bullish sentiment among retail investors, which further amplified market interest.
See More
Everspin Reports Q1 Revenue Above Estimates Amid Loss
- Earnings Highlights: Everspin's Q1 revenue reached $14.87 million, slightly exceeding the $14.60 million estimate, although the reported loss of $0.01 per share fell short of the expected profit of $0.09, indicating challenges in profitability.
- Strong Balance Sheet: Executives emphasized that Everspin's balance sheet is “strong,” enabling the company to provide engineering and foundry services for U.S. Defense Industrial Base clients, particularly under the recently announced Foundry Services Agreement with Microchip.
- Strategic New Contract: The firm secured a $40 million agreement with a U.S. prime contractor to provide Toggle MRAM process technology and engineering services, enhancing its position in the defense market and driving future growth.
- Retail Trader Sentiment Shift: On Stocktwits, retail sentiment for MRAM shifted from “bullish” to “extremely bullish,” with users expressing expectations for the stock to surpass $20 and reach a $1 billion market cap, reflecting optimism about the company's future performance.
See More
