Everspin Technologies, Inc. filings document the public-company disclosures of a Delaware semiconductor issuer that develops and manufactures MRAM persistent memory solutions. Recent 8-K reports cover quarterly and annual operating results, MRAM product sales, licensing and royalty revenue, and material agreements related to foundry services, on-shore manufacturing capacity, Toggle MRAM process technology, engineering services, and U.S. government-related microelectronics programs.
The company’s proxy materials describe annual stockholder voting matters, director elections, executive compensation, equity awards and governance practices. Other event filings disclose patent-related proceedings involving STT-MRAM products, while distinguishing the company’s Toggle MRAM products and sensor devices. Together, the filings record Everspin’s operating results, contractual manufacturing arrangements, intellectual-property matters, capital structure and corporate governance obligations.
MRAM: Form 144 notice for proposed sales of Common Stock
The filing lists proposed sales of restricted Common Stock, including 7,603 shares dated 01/06/2026 and 3,397 shares dated 04/01/2026. The filing also reports recent sales by William Cooper of 1,627 shares on 04/02/2026 for $14,322.96 and 1,549 shares on 04/01/2026 for $14,250.80.
Everspin Technologies President and CEO Sanjeev Aggarwal sold 28,459 shares of Common Stock in an open‑market transaction. The shares were sold on May 4, 2026 at a weighted average price of $19.58 per share, according to a Form 4 filing.
The filing notes the shares were sold in multiple trades within a price range of $19.22 to $20.105 per share. After this sale, Aggarwal directly owns 819,422 shares of Everspin Technologies Common Stock.
AWM Investment Company, Inc. reports beneficial ownership of 2,077,231 shares of EVERSPIN TECHNOLOGIES INC. The filing states AWM holds 8.9% of the outstanding common stock as of 03/31/2026. Holdings are held through four funds: SSFQP (801,652 shares), TECH II (845,793 shares), Cayman (259,783 shares) and TECH (170,003 shares). AWM claims sole voting and dispositive power over these shares through its adviser role; the report is signed by an AWM executive.
Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to proposed sales of Common stock. The filing lists restricted stock grants dated 01/01/2024 of 4,658, 10,293, and 13,508 shares as context. It also reports that Sanjeev Aggarwal sold 20,398 shares on 04/02/2026 for $179,533.07.
Everspin Technologies reported Q1 2026 revenue of $14.9 million, up 13.2% from Q1 2025, driven mainly by 27.9% growth in product sales. Higher product mix and better yields lifted gross margin to 52.7%.
The company posted a small net loss of $0.3 million (vs. $1.2 million loss a year ago), while adjusted net income reached $2.6 million, helped by $2.1 million of other income from a strategic aerospace and defense manufacturing award. Cash and cash equivalents were $40.5 million with modest positive operating cash flow.
Subsequent to quarter-end, Everspin signed a 10‑year foundry agreement with Microchip, including up to $13.95 million in installation reimbursements and ramping wafer purchase commitments, and a $40.0 million subcontract with Amentum for U.S. government microelectronics R&D. The company is also defending against a patent infringement case filed by Avalanche Technology in federal court and at the U.S. International Trade Commission.
Everspin Technologies entered a material definitive agreement with Amentum Services for an IDIQ Subcontract supporting a U.S. Navy microelectronics RDT&E program focused on Toggle MRAM. The firm fixed price Agreement covers milestone-based work over about 30 months for an aggregate value of $40,000,000.
Everspin’s obligations include managing the program, developing on-shore Toggle MRAM production capability, providing process technology and engineering services, delivering electrical characterization results, and supplying process know-how and IP if it exits the Toggle MRAM business. The contract includes option periods, potential six‑month extensions, and termination-for-convenience protections tied to the prime contract.
Everspin Technologies reported preliminary unaudited first quarter 2026 results with total revenue of $14.9 million, up from $13.1 million a year earlier, driven by MRAM product sales of $14.1 million. GAAP results showed a small net loss of $0.3 million, or $(0.01) per diluted share.
On a non-GAAP basis, net income rose to $2.6 million, or $0.11 per diluted share, compared to $0.4 million, or $0.02 per share, in the prior-year quarter. Cash and cash equivalents were $40.5 million as of March 31, 2026, supporting ongoing investments and a recently signed Foundry Services Agreement with Microchip.
The company highlighted a new $40 million contract with a U.S. prime contractor to provide State of the Art MRAM process technology and engineering services for U.S. defense industrial customers. For the second quarter of 2026, Everspin expects revenue between $15.5 million and $16.5 million and non-GAAP diluted EPS between $0.00 and $0.03.
Everspin Technologies has signed a 10-year foundry services agreement with Microchip Technology to expand on-shore manufacturing of MRAM and TMR sensor wafers at Microchip’s Oregon Fab 4 facility. Everspin will reimburse Microchip about $13.95 million in two phases for tooling relocation, installation, engineering and qualification work.
The deal includes minimum purchase commitments that ramp up to 1,300 wafers per quarter, with cash payments due on any shortfalls. Toggle MRAM and sensor capacity is expected to begin roughly 18 months from the effective date, with STT-MRAM capacity around 30 months, and first products anticipated to ship in the second half of 2027.
Everspin Technologies, Inc. has called a virtual annual meeting for May 21, 2026 to elect seven directors, ratify Ernst & Young LLP as auditor, hold an advisory say‑on‑pay vote, and expand its equity plan.
The company is asking stockholders to approve an amendment to its 2016 Equity Incentive Plan to increase shares authorized for issuance by 1,800,000 shares, on top of the 939,182 shares remaining available as of February 27, 2026. Total overhang from outstanding and available awards is disclosed at 5,215,604 shares, about 23% of shares outstanding. Only holders of the 23,294,478 shares outstanding as of March 24, 2026 may vote, with a virtual-only format requiring a 16-digit control number to participate and vote.