Everspin Q2 FY26 GAAP net loss widens to $3.6 million; revenue rises 42% to $18.7 million
MRAM•Third-quarter outlook
Q3 2026 outlook calls for revenue of $19.5 million-$20.5 million, with GAAP net loss per share of $0.10-$0.05.
Net loss widens while gross margin improves
GAAP net loss widened to $3.6 million, or $0.15 per diluted share, while gross margin improved 2.6 percentage points to 53.9%.
GAAP operating expenses climbed to $14.5 million; non-GAAP net income was $2.9 million, or $0.11 per diluted share.
Q2 revenue rises on product sales and contract revenue
Everspin posted Q2 2026 revenue of $18.7 million, up 42% year over year, lifted by strong product revenue and initial non-product revenue from a $40 million US prime contractor contract.
