Everspin Technologies (NASDAQ:MRAM), a developer of magnetic RAM (MRAM) memory chips, reported its second quarter results on August 6, 2025. The company posted non-GAAP earnings and GAAP revenue that surpassed analyst expectations, with higher gross margins and an improved net income position. Earnings per share (EPS) (non-GAAP) came in at $0.03, above the expected loss of $(0.035), while GAAP revenue reached $13.2 million, topping the $13.0 million consensus estimate The quarter marked a notable year-over-year improvement, showing progress in both MRAM sales and licensing revenue Management characterized the results as in line with the upper end of guidance and noted ongoing discipline around costs and investments.

Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.

Everspin Technologies makes and sells magnetoresistive random-access memory (MRAM) products. MRAM is a type of non-volatile memory, meaning it retains information without power. The company is known for two main groups of chips: Toggle MRAM and Spin-transfer Torque (STT)-MRAM, each targeting different industries and use cases such as automotive, aerospace, industrial controls, and data centers.

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Source Fool.com