EverSpin Technologies
EverSpin Technologies is a NASDAQ-listed semiconductor company (MRAM) that develops and manufactures Magnetoresistive Random Access Memory products for aerospace, defense, data center, automotive, and industrial customers, supported by a 10-year Microchip foundry partnership.
- Company typePublic
- Founded2008
- HeadquartersChandler, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What EverSpin Technologies does
EverSpin Technologies is a Chandler, Arizona-based semiconductor company founded in 2008 and listed on NASDAQ under the ticker MRAM. It develops and manufactures Magnetoresistive Random Access Memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque (STT) MRAM, marketed under the PERSYST (STT-MRAM for industrial, data center, and embedded use) and UNISYST (unified code-and-data memory) brands, alongside TMR sensors and custom MRAM solutions. The company is built on an intellectual property portfolio of more than 700 active patents and applications and is described as the world's leading commercial MRAM provider.
EverSpin generates revenue primarily through hardware sales of its memory products, with secondary streams from licensing, royalties, patent fees, engineering services, and a growing subcontractor services line tied to U.S. Department of War contracts. Products are sold through authorized distributors (DigiKey, Mouser, Arrow Electronics, Future Electronics) for catalog parts and through direct enterprise sales for volume, custom, and high-reliability configurations. End markets include aerospace and defense (radiation-hardened storage), AI and data centers, automotive (AEC-Q100 Grade 1), industrial automation, gaming, medical, and smart energy. Notable customers and contract partners include IBM (FlashCore Module 4 design win), Lucid Motors (PERSYST in the Gravity SUV), Frontgrade Technologies ($9.25M rad-hard STT-MRAM contract), Amentum Services ($40M DoW subcontract), and Purdue University ($10.5M in-memory compute research contract).
Manufacturing is anchored at the Chandler, Arizona headquarters, with expanded capacity delivered through a 10-year foundry partnership with Microchip Technology that established new MRAM and TMR sensor production lines in Oregon. FY2025 revenue was $55.2 million; Q1 2026 revenue reached $14.9 million (up 13.5% YoY) at a 52.7% gross margin, with $40.5 million in cash and equivalents as of March 31, 2026. The company was added to the Russell 2000 Index in June 2026, and its stock traded over 120% higher year-to-date as of mid-2026, reflecting renewed investor interest in MRAM driven by AI-related memory demand.
EverSpin Technologies firmographics
Firmographics- Name
- EverSpin Technologies
- Legal name
- Everspin Technologies, Inc.
- Website
- http://www.everspin.com
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- EverSpin Technologies is a NASDAQ-listed semiconductor company (MRAM) that develops and manufactures Magnetoresistive Random Access Memory products for aerospace, defense, data center, automotive, and industrial customers, supported by a 10-year Microchip foundry partnership.
- Ownership category
- akta.pro rank
EverSpin Technologies industry classification
Industry- Product category
- Non-volatile Semiconductor Memory (MRAM)
- NAICS
- Semiconductor and Related Device Manufacturing (334413), Computer Storage Device Manufacturing (334112)
- SIC
- Semiconductors & Related Devices (3674), Computer Storage Devices (3572)
- akta.pro primary industry
- Persistent/Non-Volatile Memory (MRAM/ReRAM/PCM/FeRAM) (HDAHAKAF)
- akta.pro secondary industries
- Memory Modules & Subsystems (DIMM/SO-DIMM/HBM stacks) (HDAHAKAH), Internal Storage Components (SSD/HDD, M.2, controllers) (HDACAGAH)
Keywords
Where EverSpin Technologies is headquartered
LocationHeadquarters
- HQ city
- Chandler
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
EverSpin Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- MRAM Product Sales: Primary revenue stream from selling Toggle MRAM and STT-MRAM memory products including PERSYST and UNISYST product families. Q1 2026 product sales reached $14.1 million out of total revenue of $14.9 million.
- Licensing, Royalty, Patent and Engineering Services: Revenue from technology licensing, patent royalties, and engineering services including foundry services. Q1 2026 contributed $0.8 million, down from $2.1 million in Q1 2025 due to timing of license payments.
- Defense Contract - Subcontractor Services: $40 million agreement with U.S. prime contractor to provide Toggle MRAM process technology and engineering services for Department of War over 2.5 years.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Catalog parts available through authorized distributors |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
EverSpin Technologies product offering
Product offeringCore offering
Everspin Technologies designs, develops, and manufactures Magnetoresistive Random Access Memory (MRAM) semiconductor products, including Toggle MRAM, PERSYST STT-MRAM (STT-DDR and EMxxLX xSPI families), and the new UNISYST unified code-and-data memory, alongside TMR sensors. The non-volatile memory products are sold to aerospace & defense, AI/data center, automotive, industrial, gaming, smart energy, and medical OEMs through authorized distributors and direct enterprise sales, with complementary licensing, royalty, and engineering services revenue.
Product overview
EverSpin Technologies is the world's leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM), with an intellectual property portfolio of more than 700 active patents and applications. The company offers a unified product portfolio comprising PERSYST (STT-MRAM for industrial, data center, and embedded applications), UNISYST (new unified code-and-data memory for edge AI and mission-critical systems), Custom MRAM solutions, and Toggle MRAM for aerospace/defense. The PERSYST family includes STT-DDR for enterprise applications and EMxxLX xSPI for industrial systems, while UNISYST represents a new product category targeting the high-density standalone NOR Flash market. The company also provides TMR sensors and a Memory Cross Reference tool. Products are sold through distributors including DigiKey, Mouser, Arrow Electronics, and Future Electronics, with manufacturing facilities in Chandler, Arizona and Oregon.
Differentiator
Problem solved
Functional benefit
Brands
- PERSYST: STT-MRAM product family for industrial and embedded systems, including STT-DDR for data centers and EMxxLX xSPI for industrial applications
- UNISYST
- AgILYST
- UNISYST MRAM
Products and services
- PERSYST (STT-MRAM) STT-MRAM product family providing high-density persistent memory for industrial, data center, and embedded applications. Includes STT-DDR for data centers and enterprise storage (e.g., IBM FlashCore Module 4 design win) and EMxxLX xSPI for industrial and embedded systems, with AEC-Q100 Grade 1 qualified variants.
- UNISYST MRAM New generation unified code-and-data non-volatile memory architecture targeting edge AI, industrial, automotive, aerospace, and mission-critical embedded systems. Offers densities from 128 Mb to 2 Gb with read bandwidth up to 400 MB/s and write bandwidth ~90 MB/s, over 400x faster than NOR flash, with AEC-Q100 Grade 1 qualification planned and minimum 10-year data retention.
- Custom MRAM Customized MRAM solutions designed to meet specific customer requirements for specialized applications, form factors, and high-reliability use cases including aerospace and defense programs.
- Memory Cross Reference Part search and cross-reference tool enabling customers to find compatible Everspin MRAM products and identify cross-compatible parts from other manufacturers.
- Toggle MRAM First-generation MRAM technology using toggle switching mechanism, deployed in aerospace, defense, and industrial storage applications including the $40 million U.S. Department of War subcontract for Toggle MRAM process technology and engineering services.
- TMR Sensors Tunneling Magnetoresistance (TMR) sensor products for sensing applications, produced at Chandler, Arizona and Oregon facilities under the manufacturing partnership with Microchip Technology.
Quantifiable outcome
- Read bandwidth up to 400 MB/s - over 400 times faster than NOR flash
- +3 more outcomes
Companies that use EverSpin Technologies
Customer profileNamed customers5 records
Segments7 records
Ideal customer profiles4 records
EverSpin Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
EverSpin Technologies partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Amentum Services Inc.core$40 million subcontract agreement where Everspin serves as subcontractor on existing prime contract, providing Toggle MRAM technology capabilities and engineering services for U.S. Department of War through Amentum's Microelectronics Research, Development, Test, and Evaluation program. 30-month contract running April 20, 2026 through November 21, 2028.
- Microchip Technologycore10-year strategic manufacturing agreement with Microchip Technology to expand onshore MRAM and TMR sensor production capacity in Chandler, Arizona and Oregon. Agreement establishes new manufacturing lines supporting long-term supply stability and demand growth. First products expected to ship from late 2027. Partnership allows Everspin to leverage Microchip's foundry services while maintaining ownership of its technology.
- YorChipminorEverspin joined the Physical AI Chiplet Ecosystem (PACE) initiative co-developed by YorChip and partners including Dolphin Technology, QuickLogic, and Blumind. Partnership enables co-development of interoperable and re-useable Chiplets addressing high development costs and long time-to-market that have hindered wider Chiplet adoption.
- Purdue Universitycore$10.5 million contract to provide MRAM IP and foundry services for Purdue University's ME Commons In-Memory Compute Project. Everspin serving as technology provider for research initiative exploring MRAM applications in AI computing.
Scale indicators12 records
Recent moves7 records
Expansion highlights5 records
EverSpin Technologies competitors and assessment
Company assessmentBroad incumbents
- Micron Technology: Major DRAM/NAND manufacturer with persistent memory and storage-class memory efforts. Competes broadly in enterprise storage and emerging memory tiers that Everspin's PERSYST STT-DDR targets.
- Samsung Semiconductor: Global memory leader with embedded MRAM (eMRAM) in production for foundry customers and broader DRAM/NAND portfolios. Competes indirectly by offering alternative non-volatile memory to Everspin's target embedded and data center customers at massive scale.
- Western Digital / Kioxia: Major NAND flash and storage solution providers serving enterprise and consumer markets. Indirect competitor as alternative persistent storage tier to Everspin's MRAM in data center and industrial applications.
Direct peers
- Infineon Technologies: Offers non-volatile memory including MRAM-based products through its Cypress heritage (now Infineon) for automotive and industrial embedded applications. Competes directly with Everspin's AEC-Q100 qualified products.
- Avalanche Technology: Closest direct competitor to Everspin — also develops STT-MRAM for aerospace, defense, and industrial applications. Avalanche is the plaintiff in the active ITC patent investigation against Everspin, making it both a technology and litigation peer.
- Renesas Electronics: Through its Dialog Semiconductor and Intersil heritage and 22nm/28nm MRAM partnerships with foundry partners, Renesas offers embedded MRAM for automotive and industrial MCUs. Competes with Everspin's STT-MRAM in embedded applications.
- Macronix International: Taiwanese non-volatile memory manufacturer with emerging MRAM and high-density NOR flash products targeting automotive, industrial, and consumer markets. Competes in the embedded persistent memory space Everspin's UNISYST targets.
Others
- GlobalFoundries: Foundry offering 22FDX eMRAM as a process option to fabless customers. Everspin is both a customer/partner relationship and a competitor at the IP/technology layer since GlobalFoundries enables alternative MRAM sources for Everspin's customers.
Emerging players
- Crossbar Inc. Developer of resistive RAM (ReRAM) as an emerging non-volatile memory alternative. Competes conceptually with MRAM for next-generation embedded persistent memory applications and edge AI use cases.
Regional players
- Microchip Technology: Everspin's strategic 10-year foundry partner for MRAM and TMR sensor production in Oregon. Also a broad semiconductor incumbent in MCUs, FPGAs, and memory — adjacent to but distinct from Everspin's pure-play MRAM position.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
EverSpin Technologies social profiles
Digital presenceEverSpin Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
EverSpin Technologies leadership team
Management profileNumber of profiles
Profiles7 records
EverSpin Technologies funding detail
Funding detailFunding overview
Funding rounds8 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EverSpin Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EverSpin Technologies
What does EverSpin Technologies do?
Everspin Technologies designs, develops, and manufactures Magnetoresistive Random Access Memory (MRAM) semiconductor products, including Toggle MRAM, PERSYST STT-MRAM (STT-DDR and EMxxLX xSPI families), and the new UNISYST unified code-and-data memory, alongside TMR sensors. The non-volatile memory products are sold to aerospace & defense, AI/data center, automotive, industrial, gaming, smart energy, and medical OEMs through authorized distributors and direct enterprise sales, with complementary licensing, royalty, and engineering services revenue.
Is EverSpin Technologies a public or private company?
EverSpin Technologies is a public company. It is classified as public and is currently operating.
When was EverSpin Technologies founded?
EverSpin Technologies was founded in 2008. It employs 51 to 100 people.
Where is EverSpin Technologies based?
EverSpin Technologies is headquartered in Chandler, United States, in the North America region.
How does EverSpin Technologies make money?
Three revenue lines are on record. MRAM Product Sales are the primary driver. The others are licensing, Royalty, Patent and Engineering Services and defense Contract - Subcontractor Services.
Who are EverSpin Technologies's main competitors?
Broad incumbents on record are Micron Technology, Samsung Semiconductor and Western Digital / Kioxia. Direct peers are Infineon Technologies, Avalanche Technology, Renesas Electronics and Macronix International. GlobalFoundries is listed as an others. Crossbar Inc. is listed as an emerging player. Microchip Technology is listed as a regional player.
Does EverSpin Technologies have an API?
No public API is recorded for EverSpin Technologies.
What industry is EverSpin Technologies in?
EverSpin Technologies's product category is Non-volatile Semiconductor Memory (MRAM). Its primary akta.pro industry code is HDAHAKAF, Persistent/Non-Volatile Memory (MRAM/ReRAM/PCM/FeRAM), with a secondary code of HDAHAKAH, Memory Modules & Subsystems (DIMM/SO-DIMM/HBM stacks). Its NAICS code is 334413 and its SIC code is 3674.