Everspin Technologies, Inc. (MRAM)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Everspin Technologies, Inc. (MRAM) trades at $19.78 with AI Score 69/100 (Grade B+). Everspin Technologies, Inc. specializes in manufacturing and selling magnetoresistive random access memory (MRAM) products. Market cap: $463.79M, Sector: Technology.
Price live · AI analysis from May 10, 2026Analyst Coverage for MRAM: MRAM does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MRAM against Technology peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
MRAM: 4/7 perspectives are bullish. Dominant signal: Izzy Englander bullish.
How is this calculated? →Everspin Technologies, Inc. (MRAM) Technology Profile & Competitive Position
Everspin Technologies, Inc. is a manufacturer of magnetoresistive random access memory (MRAM) solutions, serving diverse markets including data centers, industrial, and automotive sectors. With a focus on Toggle MRAM and spin-transfer torque MRAM, the company operates globally, offering both products and foundry services, distinguishing itself through specialized memory technologies.
What Is the Investment Thesis for MRAM?
Everspin Technologies, Inc. presents a focused investment opportunity within the niche MRAM market. The company's specialization in MRAM technology, catering to sectors like data centers, industrial, and automotive, positions it to benefit from the increasing demand for high-performance, non-volatile memory solutions. With a gross margin of 51.5%, Everspin demonstrates its ability to maintain profitability in a competitive landscape. Upcoming catalysts include the potential expansion of MRAM adoption in automotive and industrial applications, driven by the need for reliable memory in harsh environments. Key risks include the company's relatively small size and the potential for larger semiconductor companies to enter or expand their presence in the MRAM market. Investors should monitor Everspin's ability to scale production and maintain its technological advantage to fully capitalize on growth opportunities.
Based on FMP financials and quantitative analysis
MRAM Key Highlights
- Market capitalization of $463.79M indicates a relatively small but focused player in the semiconductor industry.
- P/E ratio of 1752.4 suggests high investor expectations for future earnings growth.
- Gross margin of 51.5% reflects strong pricing power and efficient cost management in its specialized MRAM market.
- Beta of 0.94 indicates that the stock is slightly less volatile than the overall market.
- Profit margin of 0.5% indicates room for improvement in operational efficiency and profitability.
Who Are MRAM's Competitors?
MRAM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| STM STMicroelectronics N.V. | $71.56 | +4.70% | $63.60B | 54 |
| TXN Texas Instruments Incorporated | $304.30 | +3.83% | 277B | 79 |
| MU Micron Technology, Inc. | $984.75 | +0.94% | $1.11T | 100 |
| ARM Arm Holdings plc American Depositary Shares | $322.82 | +2.39% | $343.48B | 72 |
| MRVL Marvell Technology, Inc. | $252.03 | +2.75% | $220.47B | 69 |
| SLAB Silicon Laboratories Inc. | $218.46 | +0.11% | $7.21B | 69 |
| KLAC KLA Corporation | $234.66 | -0.38% | $306.53B | 68 |
| AMD Advanced Micro Devices, Inc. | $552.05 | +6.61% | $900.17B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MRAM's Key Strengths?
- Specialized expertise in MRAM technology.
- Proprietary technology and intellectual property.
- Established relationships with key customers.
- Diverse application markets (data center, industrial, medical, automotive).
What Are MRAM's Weaknesses?
- Relatively small size compared to larger semiconductor companies.
- Limited financial resources for aggressive expansion.
- High P/E ratio indicates high investor expectations.
- Profit margin of 0.5% indicates low profitability.
What Could Drive MRAM Stock Higher?
- Increasing adoption of MRAM in automotive applications due to its reliability and performance in harsh environments.
- Expansion of MRAM usage in industrial automation driven by Industry 4.0 initiatives.
- Growth in data center applications requiring high-performance, low-latency memory solutions.
- Potential new design wins with major OEMs in target markets.
- Launch of new MRAM products with enhanced performance and features.
What Are the Key Risks for MRAM?
- Rich valuation — a P/E of 1752.4 runs well above the Technology sector’s ~38x, leaving little room for a miss.
- Competition from larger semiconductor companies with greater resources.
- Technological advancements that could render MRAM obsolete.
- Cyclical demand patterns in the semiconductor industry.
- Economic downturns that could reduce demand for MRAM products.
- Dependence on key customers and suppliers.
What Are the Growth Opportunities for MRAM?
- Expansion in the Automotive Sector: The increasing adoption of advanced driver-assistance systems (ADAS) and electric vehicles (EVs) creates a significant growth opportunity for Everspin's MRAM solutions. MRAM's non-volatility and high-speed performance make it well-suited for critical automotive applications, such as data logging and control systems. The automotive semiconductor market is projected to reach $68 billion by 2026, providing a substantial addressable market for Everspin. Timeline: Ongoing.
- Penetration of the Industrial Automation Market: The industrial automation sector is undergoing a transformation driven by Industry 4.0 initiatives, which require reliable and high-performance memory solutions. Everspin's MRAM products can be used in programmable logic controllers (PLCs), industrial PCs, and other automation equipment. The global industrial automation market is expected to reach $350 billion by 2027, offering a significant growth opportunity for Everspin. Timeline: Ongoing.
- Adoption in Data Center Applications: Data centers are increasingly demanding high-performance, low-latency memory solutions to support demanding workloads such as artificial intelligence (AI) and machine learning (ML). Everspin's MRAM can be used in storage class memory (SCM) and other data center applications. The data center memory market is projected to reach $25 billion by 2028, providing a substantial growth opportunity for Everspin. Timeline: Ongoing.
- Growth in Medical Devices: The medical device industry requires reliable and non-volatile memory solutions for critical applications such as implantable devices and diagnostic equipment. Everspin's MRAM products can be used in these applications due to their high reliability and low power consumption. The global medical device market is expected to reach $600 billion by 2028, offering a growing market for Everspin's MRAM solutions. Timeline: Ongoing.
- Expansion of Foundry Services: Everspin offers foundry services for embedded MRAM, allowing other companies to integrate MRAM technology into their products. This provides a revenue stream and expands the reach of Everspin's technology. The embedded memory market is projected to reach $10 billion by 2027, presenting a significant opportunity for Everspin to grow its foundry business. Timeline: Ongoing.
What Opportunities Does MRAM Have?
- Growing demand for MRAM in automotive and industrial applications.
- Expansion of foundry services for embedded MRAM.
- Penetration of the data center market with high-performance memory solutions.
- Increasing adoption of MRAM in medical devices.
What Threats Does MRAM Face?
- Competition from larger semiconductor companies.
- Technological advancements that could render MRAM obsolete.
- Cyclical demand patterns in the semiconductor industry.
- Economic downturns that could reduce demand for MRAM products.
What Are MRAM's Competitive Advantages?
- Specialized MRAM Technology: Everspin's focus on MRAM technology provides a competitive advantage over companies offering more general memory solutions.
- Proprietary Technology: Everspin has developed proprietary MRAM technologies that are difficult to replicate.
- Established Customer Relationships: Everspin has established relationships with key customers in its target markets.
- Foundry Services: Offering foundry services for embedded MRAM expands the reach of Everspin's technology and creates a barrier to entry for competitors.
What Does MRAM Do?
Incorporated in 2008 and headquartered in Chandler, Arizona, Everspin Technologies, Inc. has established itself as a key player in the magnetoresistive random access memory (MRAM) market. The company's foundation lies in the development and commercialization of advanced MRAM technologies, offering both Toggle MRAM and spin-transfer torque MRAM solutions. These products cater to a range of applications across various industries, including data centers, industrial automation, medical devices, automotive systems, and aerospace. Everspin's product portfolio includes discrete MRAM chips and embedded MRAM solutions, providing customers with options for both standalone memory and integrated memory within larger systems. The company operates through a direct sales channel and a network of representatives and distributors, serving original equipment manufacturers (OEMs) and original design manufacturers (ODMs) globally. Geographically, Everspin has a presence in the United States, Hong Kong, Japan, China, and Canada, reflecting its international reach and customer base. Over the years, Everspin has focused on innovation and product development, continuously enhancing its MRAM technology to meet the evolving needs of its target markets. This commitment to technological advancement has allowed the company to maintain a competitive edge in the specialized memory solutions landscape. With a focus on providing high-performance, non-volatile memory solutions, Everspin aims to capitalize on the growing demand for advanced memory technologies in various applications.
What Products and Services Does MRAM Offer?
- Manufactures Toggle MRAM products.
- Produces spin-transfer torque MRAM.
- Offers tunnel magneto resistance sensor products.
- Provides foundry services for embedded MRAM.
- Serves the data center market with high-performance memory solutions.
- Supplies memory solutions for industrial applications.
- Offers MRAM products for medical devices.
- Provides memory solutions for the automotive/transportation sector.
How Does MRAM Make Money?
- Sells discrete MRAM chips to OEMs and ODMs.
- Provides embedded MRAM solutions for integration into larger systems.
- Generates revenue through direct sales and a network of distributors.
- Offers foundry services for companies seeking to integrate MRAM into their products.
What Industry Does MRAM Operate In?
Everspin Technologies, Inc. operates within the semiconductor industry, specifically focusing on the magnetoresistive random access memory (MRAM) segment. The semiconductor industry is characterized by rapid technological advancements, intense competition, and cyclical demand patterns. The MRAM market is a niche segment within the broader memory market, offering advantages such as non-volatility, high speed, and endurance. Everspin's focus on MRAM positions it to capitalize on the growing demand for advanced memory solutions in applications such as data centers, industrial automation, and automotive systems. The competitive landscape includes both established memory manufacturers and emerging players specializing in non-volatile memory technologies.
Who Are MRAM's Key Customers?
- Original equipment manufacturers (OEMs) in the data center market.
- Original design manufacturers (ODMs) in the industrial sector.
- Companies in the medical device industry.
- Automotive and transportation equipment manufacturers.
ROE 0%Key Financial Metrics
Return on equity for Everspin Technologies, Inc. stands at 0.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.3%, showing how much profit it generates from its asset base. Its free cash flow yield is -0.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 5.76 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 0.1%, the inverse of the P/E and a quick read on earnings relative to price.
Everspin Technologies, Inc. (MRAM) Valuation Context
Valued at $463.79M, MRAM is classified as a small-cap stock. Relative to its peer group, MRAM's quantitative score of 69/100 is roughly in line with the peer average of 75/100.
Company Profile
Everspin Technologies, Inc. operates in the Semiconductors industry within the Technology sector. It is headquartered in Chandler, US. The company is led by CEO Sanjeev Aggarwal. MRAM has traded publicly since 2016.
F-Score 7/9Financial Health
Everspin Technologies, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 19.94 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project Everspin Technologies, Inc. revenue of about $69.3M for fiscal 2026, with EPS near $0.03.
MRAM Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying activity suggests confidence in the company's future, indicating that leadership believes in its growth potential.
- Community sentiment has shifted positively, with discussions highlighting Everspin's innovative product lines and their applications in emerging tech.
- Market perception is buoyed by successful partnerships and collaborations that enhance Everspin's market position and visibility.
- The growing demand for non-volatile memory solutions aligns well with Everspin's offerings, positioning the company favorably in a competitive landscape.
Bear Case
- Concerns about the overall semiconductor market may dampen enthusiasm, as broader economic challenges could impact demand for Everspin's products.
- Some community members express skepticism regarding the scalability of Everspin's technology, questioning its ability to meet future market needs.
- Recent reports of increased competition in the memory sector could threaten Everspin's market share and profitability in the long term.
- Investor sentiment has shown signs of caution, with discussions reflecting uncertainty about the company's growth trajectory amid industry volatility.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · January 2026
MRAM Latest News
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Why Tianci International Shares Are Trading Higher By Around 88%; Here Are 20 Stocks Moving Premarket
benzinga · Jun 23, 2026
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Shares of semiconductor companies are trading lower amid overall market weakness as investors rotate out of growth stocks.
Benzinga · Jun 9, 2026
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Shares of semiconductor and chip stocks are trading lower as robust U.S. payroll additions dampen the outlook for Fed rate cuts. Also, the conclusion of a strong financial reporting season for AI and hardware names may be weighing on the sector following its April-May rally.
Benzinga · Jun 5, 2026
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Jim Cramer Flags Industrial Company With 'Almost No Revenue,' Says No To Rocket Companies
benzinga · May 18, 2026
MRAM Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MRAM.
Price Targets
Wall Street price target analysis for MRAM.
MRAM MoonshotScore
What does this score mean?
The MoonshotScore rates MRAM's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Why Tianci International Shares Are Trading Higher By Around 88%; Here Are 20 Stocks Moving Premarket
Shares of semiconductor companies are trading lower amid overall market weakness as investors rotate out of growth stocks.
Shares of semiconductor and chip stocks are trading lower as robust U.S. payroll additions dampen the outlook for Fed rate cuts. Also, the conclusion of a strong financial reporting season for AI and hardware names may be weighing on the sector following its April-May rally.
Jim Cramer Flags Industrial Company With 'Almost No Revenue,' Says No To Rocket Companies
Leadership: Amit Shah
CEO
Amit Shah serves as the CEO of Everspin Technologies, Inc. His background includes extensive experience in the semiconductor industry, with a focus on memory technologies. Prior to joining Everspin, Shah held leadership positions at various technology companies, where he was responsible for driving product development, sales, and marketing strategies. His expertise spans across engineering, product management, and business development. He is responsible for managing 86 employees.
Track Record: Under Amit Shah's leadership, Everspin Technologies, Inc. has focused on expanding its MRAM product portfolio and penetrating new markets. Key achievements include securing design wins with major automotive and industrial customers, as well as expanding the company's foundry services for embedded MRAM. Shah has also overseen efforts to improve operational efficiency and reduce costs, contributing to the company's gross margin improvement.
Everspin Technologies, Inc. Technology Stock: Key Questions Answered
What does Everspin Technologies, Inc. do?
Everspin Technologies, Inc. specializes in the design, development, and manufacturing of magnetoresistive random access memory (MRAM) products. These MRAM solutions offer unique advantages such as non-volatility, high speed, and endurance, making them suitable for a wide range of applications. The company serves various markets, including data centers, industrial automation, medical devices, and automotive systems, providing both discrete MRAM chips and embedded MRAM solutions. Everspin also offers foundry services for companies seeking to integrate MRAM into their products, expanding the reach of its technology.
What do analysts say about MRAM stock?
Analyst coverage of Everspin Technologies, Inc. (MRAM) is limited, reflecting its niche position in the semiconductor industry. Key valuation metrics, such as the P/E ratio of 1752.4, suggest high investor expectations for future earnings growth. Growth considerations include the company's ability to capitalize on the increasing demand for MRAM in automotive, industrial, and data center applications. Investors should monitor Everspin's ability to scale production, maintain its technological advantage, and achieve profitability to fully realize its growth potential. No buy or sell recommendations are made here.
What are the main risks for MRAM?
The main risks for Everspin Technologies, Inc. include competition from larger semiconductor companies with greater resources, technological advancements that could render MRAM obsolete, and cyclical demand patterns in the semiconductor industry. The company's relatively small size and limited financial resources also pose challenges to its ability to compete effectively and scale its operations. Additionally, economic downturns could reduce demand for MRAM products, impacting Everspin's revenue and profitability. Dependence on key customers and suppliers also represents a risk factor.
What are the key factors to evaluate for MRAM?
Everspin Technologies, Inc. (MRAM) holds an AI score of 69/100 (moderate). P/E: 1752.4x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does MRAM data refresh on this page?
MRAM prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven MRAM's recent stock price performance?
Everspin Technologies, Inc. (MRAM) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized expertise in MRAM technology. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MRAM overvalued or undervalued right now?
Everspin Technologies, Inc. (MRAM) trades at 1752.4x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying MRAM?
Before investing in Everspin Technologies, Inc. (MRAM), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Financial metrics are as of the latest available reporting period.