Everspin Q2 revenue rises 42%, beats analyst estimates

The current average analyst rating on the shares is buy, with 3 strong buy or buy recommendations, no hold, and no sell or strong sell ratings.

Wall Street's median 12-month price target for Everspin Technologies Inc is $18.50, about 6.2% above its August 4 closing price of $17.42. The stock recently traded at 40 times the next 12-month earnings, versus a P/E of 43 three months ago.

The US MRAM memory maker said strong MRAM product sales contributed to record Q2 revenue. Everspin also said it recognized initial non-product revenue from a $40 million contract with a US prime contractor, according to CEO Sanjeev Aggarwal.

The company said growth was led by industrial automation, energy management, and aerospace and defense.

For Q3 2026, Everspin expects revenue of $19.5 million to $20.5 million, GAAP net loss per share of ($0.10) to ($0.05), and non-GAAP net income per diluted share of .