Everspin Technologies reports Q3 2026 results and raises Q4 guidance
Everspin Technologies released its third‑quarter 2026 financials, posting non‑GAAP earnings of $0.12 per diluted share and revenue around $20.6 million. The company announced Q4 2026 non‑GAAP EPS guidance of $0.13‑$0.18 and revenue guidance of $21.5‑$22.5 million, both above consensus estimates. Management highlighted a record Q3 revenue, a plan to increase prices in Q4, and strategic focus on high‑density NOR‑Flash replacement and aerospace markets.
Why it matters
The raised Q4 guidance, noted by the company as above consensus, may support the stock’s near‑term upside (the company expects revenue and earnings to exceed market expectations). The firm’s cash balance of $43 million and debt‑free status provide financial flexibility for upcoming product development.
Key facts
- 1Non‑GAAP EPS for Q3 2026 was $0.12 per diluted share. investing.com
- 2Q4 2026 non‑GAAP EPS guidance is $0.13‑$0.18 per share. finance.yahoo.com
- 3Q4 2026 revenue guidance is $21.5‑$22.5 million. investing.com
- 4GAAP gross margin for Q3 2026 was 51.4%. finance.yahoo.com
- 5Cash on hand at quarter‑end was $43 million and the company is debt‑free. finance.yahoo.com
- 6CEO Sanjeev Aggarwal said the company is targeting its first qualified silicon product in H2 2027. seekingalpha.com
Open questions
- Q3 revenue is reported as $20.64 million, $20.65 million, and $20.6 million; figures differ on the same basis.
- Q3 GAAP EPS is forecast as a loss of $0.04 but reported as a loss between $(0.13) and $(0.08) per share.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.