Everspin Technologies, Inc.

Everspin Technologies, Inc. is a leading semiconductor company headquartered in Chandler, Arizona, specializing in the design, manufacture, and sale of magnetoresistive random access memory (MRAM) solutions. The company's core mission is to provide cutting-edge memory solutions that enhance performance and reliability, aiming to be the global leader in non-volatile memory technology. Everspin's technology is specifically engineered for systems where data persistence, integrity, low latency, and security are paramount.

Everspin offers a comprehensive portfolio of MRAM products, including Toggle MRAM, Spin-Transfer Torque MRAM (STT-MRAM), and embedded MRAM technologies. These products combine the speed of SRAM with the non-volatility of flash memory, making them suitable for mission-critical applications. The company also provides foundry services for MRAM products and licenses its technology for embedded MRAM applications and magnetic sensors. Everspin's solutions cater to diverse market segments such as industrial automation, medical devices, automotive/transportation, aerospace and defense, data centers, cloud storage, and artificial intelligence.

Under the leadership of President and CEO Sanjeev Aggarwal, appointed in March 2022, Everspin continues to innovate and expand its market presence. In early 2026, the company reported strong Q1 financial results with revenues of $14.9 million and non-GAAP net income of $2.6 million, driven by demand in industrial automation, transportation, and data center applications. Everspin is expected to join the Russell 2000® Index in June 2026 and recently secured a $40 million agreement for military-aerospace MRAM applications, alongside expanding its on-shore MRAM manufacturing capacity. The company also launched UNISYST MRAM, a new unified memory solution for embedded systems, and entered a 10-year manufacturing deal with Microchip Technology. Everspin holds a significant intellectual property portfolio with over 700 patents and applications worldwide, solidifying its position as a leader in MRAM technology.