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Everspin Technologies Inc (MRAM)



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Upturn Advisory Summary
10/14/2025: MRAM (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $8.5
1 Year Target Price $8.5
1 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 49.69% | Avg. Invested days 35 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 257.47M USD | Price to earnings Ratio 126.44 | 1Y Target Price 8.5 |
Price to earnings Ratio 126.44 | 1Y Target Price 8.5 | ||
Volume (30-day avg) 2 | Beta 0.36 | 52 Weeks Range 4.33 - 12.27 | Updated Date 10/14/2025 |
52 Weeks Range 4.33 - 12.27 | Updated Date 10/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.09 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.19% | Operating Margin (TTM) -14.85% |
Management Effectiveness
Return on Assets (TTM) -6.59% | Return on Equity (TTM) 2.76% |
Valuation
Trailing PE 126.44 | Forward PE 29.76 | Enterprise Value 194561363 | Price to Sales(TTM) 4.98 |
Enterprise Value 194561363 | Price to Sales(TTM) 4.98 | ||
Enterprise Value to Revenue 3.77 | Enterprise Value to EBITDA 67.14 | Shares Outstanding 22625107 | Shares Floating 13825750 |
Shares Outstanding 22625107 | Shares Floating 13825750 | ||
Percent Insiders 6.23 | Percent Institutions 62.17 |
Upturn AI SWOT
Everspin Technologies Inc

Company Overview
History and Background
Everspin Technologies, Inc. was founded in 2008, evolving from the magnetic RAM (MRAM) program at Freescale Semiconductor. They focus on developing and manufacturing MRAM solutions.
Core Business Areas
- MRAM Products: Development, manufacture, and sale of discrete and embedded MRAM products.
- Licensing and Royalties: Licensing MRAM technology and earning royalties from licensees.
Leadership and Structure
The company is led by a CEO and executive team, with a board of directors overseeing the company's strategic direction. The operational structure includes departments for engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- Toggle MRAM: High-performance, durable memory. Faces competition from Cypress (Infineon) and Renesas. Market share estimates are difficult to obtain publicly, with Everspin being a prominent but not dominant player in the niche MRAM market. Revenue is tied heavily to this product.
- Spin-transfer Torque MRAM (STT-MRAM): Higher density, lower power MRAM solution. Competitors include Samsung, SK Hynix, and Intel in broader memory space, but Everspin carves a niche for specific applications. Market share is emerging, dependent on adoption.
Market Dynamics
Industry Overview
The memory market is dynamic, with constant innovation and demand for faster, more efficient, and more reliable solutions. MRAM caters to niche applications where non-volatility, speed, and endurance are crucial.
Positioning
Everspin is a leader in MRAM technology, focusing on applications requiring high endurance and non-volatility. Their competitive advantage lies in their expertise and early mover advantage in MRAM.
Total Addressable Market (TAM)
The TAM for advanced memory solutions is projected to be in the billions. Everspin is positioned to capture a portion of this market by focusing on specific applications where MRAM provides a distinct advantage. The TAM specifically for MRAM is hard to pin down, but analysts predict continual growth and adoption.
Upturn SWOT Analysis
Strengths
- Leading MRAM technology
- Strong intellectual property portfolio
- Established customer base in industrial and automotive sectors
Weaknesses
- Relatively small scale compared to major memory manufacturers
- Dependence on specific niche markets
- Limited financial resources for aggressive expansion
Opportunities
- Growing demand for high-performance, non-volatile memory
- Expanding applications for MRAM in IoT, automotive, and enterprise storage
- Potential partnerships with larger semiconductor companies
Threats
- Competition from established memory technologies (e.g., SRAM, DRAM, Flash)
- Potential emergence of competing non-volatile memory technologies
- Economic downturns impacting key end markets
Competitors and Market Share
Key Competitors
- Infineon (IFNNY)
- Samsung (SSNLF)
- Intel (INTC)
Competitive Landscape
Everspin's advantage lies in MRAM expertise; disadvantages include smaller scale compared to major memory players.
Growth Trajectory and Initiatives
Historical Growth: Assess revenue growth, product development, and market expansion efforts over the past few years.
Future Projections: Evaluate analyst estimates for future revenue growth, profitability, and market share gains.
Recent Initiatives: Focusing on expanding its STT-MRAM product line and targetting automotive applications
Summary
Everspin is a leading MRAM provider in niche markets like industrial and automotive but faces competition from larger memory manufacturers. Its strengths lie in its MRAM technology and IP, but it needs to expand into broader markets. Potential economic downturns and competition from established memory technologies pose significant threats. The company's financial performance needs careful monitoring to ensure sustainable growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Industry reports
- Analyst estimates
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market share data is based on estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Everspin Technologies Inc
Exchange NASDAQ | Headquaters Chandler, AZ, United States | ||
IPO Launch date 2016-10-07 | President, CEO & Director Dr. Sanjeev Aggarwal Ph.D. | ||
Sector Technology | Industry Semiconductors | Full time employees 86 | Website https://www.everspin.com |
Full time employees 86 | Website https://www.everspin.com |
Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) technologies in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products. The company provides its products for applications, including industrial, medical, automotive/transportation, aerospace, and data center markets. It serves original equipment manufacturers, contract manufacturers, and original design manufacturers through a direct sales channel, and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.

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