Overview

* Everspin ( MRAM ) Q3 revenue rises 16% yr/yr to $14.1 mln, slightly beating expectations

* Company's gross margin improved to 51.3% from 49.2% in the prior year

* GAAP net income declines to $54,000 from $2.3 mln in Q3 2024

Outlook

* Everspin expects Q4 2025 revenue between $14.0 mln and $15.0 mln

* Company projects Q4 2025 GAAP EPS between $0.02 and $0.07

* Everspin anticipates Q4 2025 non-GAAP EPS between $0.08 and $0.13

Result Drivers

* APPLICATION STRENGTH - Co attributes Q3 revenue growth to strong performance in Low Earth Orbital Satellite, Casino Gaming, and Energy Management applications

* MRAM SALES - Increase in MRAM product sales contributed to revenue growth, with sales rising from $10.4 mln to $12.7 mln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $14.1 $14 mln

Revenue Beat* mln (2

Analysts

)

Q3 Gross 51.3%

Margin

Q3 $8.80

Operatin mln

g

Expenses

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for Everspin Technologies Inc ( MRAM ) is $8.50, about 15.9% below its November 4 closing price of $9.85

* The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)