Q4 2025 Everspin Technologies Inc Earnings Call Transcript
Key Points
- Everspin Technologies Inc (MRAM) reported fourth-quarter revenue of $14.8 million, which was at the high end of their guidance range.
- The company achieved a significant increase in design wins, with 238 in 2025 compared to 178 in the previous year.
- Everspin ramped up production of its PERSYST 64-megabit xSPI STT-MRAM product, which saw strong demand, particularly in the low earth orbital satellite market.
- The company is debt-free and ended the quarter with $44.5 million in cash and cash equivalents.
- Everspin is targeting $100 million in annual revenue over the next three to five years, driven by new product ramps and solid growth in their Toggle MRAM and licensing business.
- GAAP gross margin decreased slightly to 50.8% in the fourth quarter, down from 51.3% in the same quarter of the previous year.
- Licensing, royalty, patent, and other revenue decreased to $1.3 million from $2.2 million in Q4 2024.
- The company anticipates a sequential decline in non-product revenue due to project completion, which will result in a gross margin headwind.
- Everspin's Q1 2026 guidance indicates a potential GAAP net loss per fully diluted share between $0.03 and net income of $0.02.
- Revenue from NOR Flash replacement products is contingent upon the qualification cycles of potential customers, making it difficult to quantify the upside.
Good afternoon, and welcome to Everspin Technologies fourth-quarter 2025 financial results conference call. (Operator Instructions) As a reminder, this conference call is being recorded.
I would now like to turn the conference over to Monica Gould, Investor Relations for Everspin. You may begin.
Thank you, operator, and good afternoon, everyone. Everspin released results for the fourth quarter and full year 2025 ended December 31, 2025, this afternoon after market close. I'm Monica Gould, Investor Relations for Everspin, and with me on today's call are Sanjeev Aggarwal, President and Chief Executive Officer; and Bill Cooper, Chief Financial Officer.
Before we begin the call, I would like to remind you that today's discussion may contain forward-looking statements regarding future events, including, but not limited to, the company's expectations for Everspin's future business, financial performance and goals, customer and industry adoption of MRAM technology, successfully bringing to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
