Everspin Tech (NASDAQ:MRAM) Updates Q3 2026 Earnings Guidance

Key Points

• Everspin raised or reaffirmed Q3 2026 guidance with EPS of $0.10–$0.15 and revenue of $19.5 million–$20.5 million, above the consensus revenue estimate of $18.4 million.
• Shares fell 7.3% to $16.14 during Wednesday trading, while analyst sentiment remained mixed: MarketBeat lists a consensus rating of “Hold” and a target price of $18.50.
• Insiders sold shares in recent transactions, including sales by a director and the CFO; insiders sold 148,843 shares worth $4.8 million during the last quarter, while institutional investors own 44.68% of the stock.

Everspin Tech (NASDAQ:MRAM - Get Free Report) updated its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.100-0.150 for the period, compared to the consensus estimate of 0.100. The company issued revenue guidance of $19.5 million-$20.5 million, compared to the consensus revenue estimate of $18.4 million.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Everspin Tech from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, July 28th. Needham & Company LLC boosted their target price on Everspin Tech from $14.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Everspin Tech presently has an average rating of "Hold" and a consensus target price of $18.50.

Everspin Tech Stock Down 7.3%

Shares of Everspin Tech stock traded down $1.28 during midday trading on Wednesday, hitting $16.14. The company had a trading volume of 2,635,636 shares, compared to its average volume of 1,975,231. The company has a fifty day simple moving average of $21.10 and a 200 day simple moving average of $17.08. The stock has a market cap of $378.48 million, a price-to-earnings ratio of 1,615.62 and a beta of 1.94. Everspin Tech has a 12-month low of $5.76 and a 12-month high of $51.50.

Insiders Place Their Bets

In other news, Director Darin G. Billerbeck sold 30,000 shares of Everspin Tech stock in a transaction on Monday, May 11th. The shares were sold at an average price of $37.16, for a total transaction of $1,114,800.00. Following the completion of the sale, the director directly owned 124,073 shares in the company, valued at approximately $4,610,552.68. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William Earl Cooper sold 10,000 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total transaction of $291,300.00. Following the sale, the chief financial officer directly owned 151,030 shares in the company, valued at $4,399,503.90. This trade represents a 6.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 148,843 shares of company stock valued at $4,775,218. Corporate insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MRAM. Raymond James Financial Inc. purchased a new stake in Everspin Tech in the second quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new position in Everspin Tech during the 4th quarter worth approximately $41,000. Algert Global LLC purchased a new position in Everspin Tech during the 3rd quarter worth approximately $102,000. Occudo Quantitative Strategies LP acquired a new stake in Everspin Tech during the 2nd quarter valued at approximately $70,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Everspin Tech during the 4th quarter valued at approximately $155,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

About Everspin Tech

Everspin Technologies, Inc NASDAQ: MRAM is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin's non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company's product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM's fast write speeds and low power consumption.

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