Everspin Technologies, Inc. is a specialized semiconductor company focused on the design, manufacture, and commercialization of magnetoresistive random-access memory (MRAM) solutions. The company's core technology provides non-volatile memory that retains data even when power is lost, while offering the speed and endurance of traditional static random-access memory (SRAM) or dynamic random-access memory (DRAM).
Everspin's product portfolio primarily consists of Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM). These products are utilized in applications where data persistence, low latency, and high reliability are required. Revenue is predominantly generated from the sale of discrete MRAM products, which accounted for approximately 95% of its revenue in early 2026 (e.g., $14.1 million out of $14.9 million in Q1 2026). The company also generates a smaller portion of its revenue from licensing, royalties, and backend foundry services for embedded MRAM (eMRAM) and magnetic tunnel junction (MTJ) sensors.
Everspin operates its own magnetic fabrication line in Chandler, Arizona, and maintains a strategic manufacturing partnership with GLOBALFOUNDRIES for high-volume 300mm CMOS wafer production. The company's end markets include industrial automation, data centers, aerospace, defense, and automotive sectors. It sells its products globally through direct sales channels, representatives, and distributors.
