
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 .
Everspin said preliminary second-quarter revenue rose 42% to $18.70 million, topping the consensus estimate of $17.30 million from three analysts.
Non-GAAP net income for the quarter increased to $2.9 million, up from $0.7 million a year earlier. The company reported a Q2 net loss of $3.60 million, gross margin of 53.90%, and operating expenses of $14.50 million.