Everspin to Spotlight MRAM Growth Strategy at Needham Conference

CHANDLER, AZ – January 05, 2026 – Everspin Technologies (NASDAQ: MRAM), the world's leading developer of Magnetoresistive Random Access Memory (MRAM), is set to take the stage at a pivotal time for the company and the specialized memory market it commands. President and CEO Sanjeev Aggarwal and CFO Bill Cooper will present at the 28th Annual Needham Growth Conference on January 13th, an event closely watched by the investment community for insights into high-growth technology firms.

The fireside chat format will provide a platform for Everspin's leadership to articulate their vision and performance as demand for their persistent, high-endurance memory solutions intensifies across mission-critical industries. The presentation comes on the heels of a strong financial performance and a series of strategic initiatives aimed at cementing the company's dominance in the niche but increasingly vital MRAM sector.

A Picture of Resilient Growth

Investors tuning into the webcast will be looking for context behind the company's recent financial reports, which paint a picture of robust and resilient growth. For its third quarter of 2025, Everspin reported total revenue of $14.1 million, a healthy 16% increase compared to the same period in the prior year. The core of this success lies in its MRAM product sales, which surged by an impressive 22% to $12.7 million, fueled by strong demand in high-tech applications such as Low Earth Orbital (LEO) satellites, casino gaming, and energy management systems.

While GAAP net income saw a notable decrease compared to the previous year, the company’s non-GAAP net income remained positive at $1.5 million. More importantly, Everspin has maintained a formidable balance sheet, increasing its cash and cash equivalents to $45.3 million by the end of the third quarter while remaining completely debt-free. This financial stability provides a solid foundation for its ambitious growth and research endeavors.

Adding to the positive sentiment, Everspin has issued optimistic guidance for the fourth quarter of 2025, projecting revenues between $14.0 million and $15.0 million and positive non-GAAP net income per share. This forward-looking confidence suggests that the momentum seen in 2025 is expected to continue, a key message the leadership will likely emphasize to the institutional investors and analysts attending the Needham conference.

MRAM's Moment in Mission-Critical Markets

Beyond the financial metrics, the underlying technology itself is at the heart of Everspin's story. MRAM is not just another memory chip; it is a unique non-volatile memory that stores data using magnetic elements. This gives it a powerful combination of benefits: the speed of SRAM, the non-volatility of flash memory, and virtually unlimited endurance. In environments where data loss is not an option, MRAM provides instant, reliable data persistence even through unexpected power failures.

This makes it an indispensable component in sectors where failure can have catastrophic consequences. In industrial automation, MRAM ensures that robotic arms and control systems can instantly recover their exact state after a power interruption, saving costly downtime. In aerospace and defense, its radiation tolerance and durability are critical for flight systems and satellite data logging. Similarly, the automotive industry is increasingly adopting MRAM for in-cabin systems and mission-critical controls where data integrity is paramount.

The market for this technology is expanding accordingly. Valued at over $1.2 billion in 2024, the MRAM market is projected to see significant growth, with some analyses pointing to double-digit annual growth rates in key segments like aerospace. While tech giants like Samsung and Intel are developing their own MRAM solutions, often for embedded applications, Everspin has carved out a leadership position as a pioneer and top provider of stand-alone MRAM chips, backed by a formidable intellectual property portfolio of over 650 patents.

Strategic Expansion and a Technological Edge

Everspin is not resting on its laurels. The company has recently embarked on several strategic initiatives to expand its technological edge and market reach. A key development is the introduction of its new high-reliability (HR) PERSYST MRAM products. These devices, available in 64Mb and 128Mb capacities, are specifically designed for the most demanding environments. They meet the stringent AEC-Q100 Grade 1 automotive standard, guaranteeing operation from -40°C to +125°C with 10-year data retention, making them ideal for next-generation automotive, defense, and high-end industrial systems.

Furthermore, the company is pushing into the next wave of technology by positioning MRAM as a critical enabler for Artificial Intelligence and the Internet of Things (IoT). A significant contract with Purdue University to advance AI hardware underscores this push, leveraging MRAM's low latency and persistence for edge computing applications where immediate data processing is crucial. Collaborations with FPGA-maker Lattice Semiconductor and RISC-V developer Quintauris are also extending MRAM's ecosystem, integrating it as a reliable configuration and real-time memory solution in new platforms targeting everything from industrial controllers to secure automotive systems.

In a move that addresses both market demand and geopolitical concerns, Everspin is also strengthening its role in the domestic supply chain. The company secured a strategic award to develop a long-term plan for stable, on-shore MRAM manufacturing, specifically for the U.S. aerospace and defense sectors, mitigating supply chain risks for its most critical customers.

Investor Outlook and Analyst Confidence

The upcoming presentation at the Needham Growth Conference serves as a crucial touchpoint for Everspin to weave these threads—financial strength, technological leadership, and strategic expansion—into a cohesive narrative for the investment community. Wall Street has already shown its confidence, with a "Strong Buy" consensus rating from analysts and an average 12-month price target hovering around $10.71, suggesting a healthy potential upside.

The fireside chat will be an opportunity for Aggarwal and Cooper to add color to the numbers, discuss the competitive landscape, and elaborate on how their product roadmap aligns with the explosive growth in data-critical applications. For investors, it will be a chance to gauge the leadership's strategy for navigating the complexities of the semiconductor market while capitalizing on the unique advantages of MRAM. The insights shared will be a critical barometer for the company's trajectory and the expanding role of persistent memory in powering the next generation of technology.