Reading MRAM? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track MRAM free→Reading MRAM? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track MRAM free→NASDAQInformation TechnologySemiconductorsSnapshot 2026-06-16
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and risk is high. Earnings quality is robust, indicating that cash backs up reported profits, while management's recent track record has been neutral. Peer multiples imply a price about 18% below where it trades (it looks expensive on this basis); the read is fair, but weakening, as it is priced roughly in line with peers, but recent financials or earnings quality are weakening. Key factors to watch include guidance changes and sector trends, particularly the performance of major tech companies. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 3 valuation methods, at three horizons. Current price $26.16. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $28 MRAM trades at 11× p/s, below its 12× p/s peer median. Our $24 fair value sits above the price; medium confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 18% near-term growth, in line with our forecast of about 17%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 63% of the time over the next year (vs 62% for the rest of the cohort, n=2777).
Over the trailing year it converted 32.46x of net income into operating cash flow. Historically, Information Technology names rated robust grew net income 69% of the time over the next year (vs 55% for the rest of the cohort, n=2129).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.07 → $0.09 (+38.5% / 30d). 0 raised, 1 cut, 2 covering analysts.
0 upgrades, 0 downgrades / 30d. 100% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 100% of the last 3 guided quarters · 18.0% avg surprise
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$347.
How much price usually moves either way.
On a bad day, this stock has moved -$806.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,925.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: The earnings report will show if Everspin can improve its loss-making status. Investors will focus on revenue and profit trends.
Confirms one read:Q2 earnings show a smaller loss than the previous quarter or a revenue increase.
Confirms the other:Q2 earnings report shows a larger loss or declining revenue.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for MRAM yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
No upside scenarios in the latest snapshot.
No downside scenarios in the latest snapshot.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Board of Directors (the “Board”) of Everspin Technologies, Inc. (“Everspin”) adopted an amendment and restatement of the Everspin Technologies, Inc. Amended and Restated 2016 Equity Incentive Plan (the “Amended 2016 Plan”), and submitted the Amended 2016 Plan for stockholder approval at Everspin’s 2026 Annual Meeting of Stockholders on May 21,…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Semiconductors.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
MRAM Everspin Technologies Inc | Typical Show detailsSector percentile: 51 of 100 | full | high |
NVDA NVIDIA Corporation | Above typical Show detailsSector percentile: 90 of 100 | inexpensive | moderate |
TSM Taiwan Semiconductor Manufacturing Co. Ltd. | — | — | moderate |
AVGO Broadcom | Above typical Show detailsSector percentile: 84 of 100 | inexpensive | elevated |
MU Micron Technology | Above typical Show detailsSector percentile: 80 of 100 | expensive | elevated |
4 material management or governance events in the past 24 months, led by M&A activity. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
Not investment advice. As of 2026-06-16.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Everspin has entered into a Foundry Services Agreement with Microchip to manufacture MRAM wafers.
Newly stated in 2026-Q1. Everspin has entered into a Foundry Services Agreement with Microchip to manufacture MRAM wafers, indicating a strategic move to expand production capabilities. This agreement is expected to enhance supply chain efficiency, but financial impact is yet to be observed.
“Everspin and Microchip entered into a Foundry Services Agreement for MRAM wafer production.”
Everspin aims to achieve revenue growth, with guidance set between $15.5 million and $16.5 million for Q2 2026.
Stated in 3 of last 3 quarters. Revenue grew from $13.5 million in 2025-Q3 to $15.5 million in 2026-Q1, indicating progress towards growth targets. The guidance for Q2 2026 suggests continued focus on revenue expansion, with a target range of $15.5 million to $16.5 million.
Everspin is focused on improving gross profit margins, with recent figures showing an increase.
Stated in 2 of last 2 quarters. Gross profit increased from $7.515 million in 2025-Q4 to $7.843 million in 2026-Q1, reflecting an improvement in margins. This aligns with management's focus on enhancing profitability, showing positive trajectory.
Why it matters: If sector revenue growth slows, it could hurt Everspin's performance. The sector is currently in a growth phase.
Confirms:Sector revenue growth reported below its median for the last year.
Disproves:Sector revenue growth remains above its median.
Entry into a Material Definitive Agreement. On April 24, 2026, Everspin Technologies, Inc. (the “Company”) and Amentum Services Inc. (“Contractor”) entered into Subcontract Number S26-03-01 and a Statement of Work (collectively, the “Agreement”), structured as an IDIQ Subcontract with Firm Fixed Price Task Orders, in connection with the Microelectronics Research, Development, Test, and Evaluation (“RDT&E”) program under Prime Contract Number FA8075-18-D-0014 (the “Prime Contract”) issued by N…
Results of Operations and Financial Condition. On April 29, 2026 , Everspin Technologies, Inc. issued a press release announcing its financial results for the quarter and quarter ended March 31, 2026, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”…
Entry into a Material Definitive Agreement. On April 8, 2026, Everspin Technologies, Inc. (the “Company”) and Microchip Technology (“Microchip”) entered into a Foundry Services Agreement (the “Agreement”). Under the Agreement, Microchip will manufacture 8-inch Magnetoresistive Random Access Memory (“MRAM”), Tunnel Magnetoresistive (“TMR”) sensor, and Spin-transfer Torque (“STT”) MRAM wafers for the Company at Microchip’s Fab 4 facility located in Gresham, Oregon. The Agreement has an initial…
Results of Operations and Financial Condition. On March 4, 2026 , Everspin Technologies, Inc. issued a press release announcing its financial results for the quarter and year ended December 31, 2025, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)…
“Everspin expects total revenue in a range of $15.5 million to $16.5 million for Q2 2026.”
“Everspin expects total revenue in a range of $14.0 million to $15.0 million.”
“Everspin expects total revenue in a range of $13.5 million to $14.5 million.”
“Gross profit increased to $7.843 million in Q1 2026 from $7.515 million in Q4 2025.”
“Gross profit was $7.515 million.”