Everspin Tech

Q2 FY2026 EarningsQ2 FY26 results exceeded consensus on the top line and adjusted profitability, despite a GAAP bottom-line miss driven by non-recurring litigation costs. Revenue reached $18.7M (+8.32% vs. $17.3M consensus), supported by a 38.1% YoY surge in product sales and the commencement of new aerospace/defense engineering contracts. Gross margin beat slightly at 53.9% vs. 53.47% expected. While GAAP EPS of -$0.15 missed the -$0.027 consensus due to $4.0M in legal fees, Adjusted Net Income of $2.86M significantly outperformed the $2.03M consensus, signaling strong underlying operational leverage and demand for MRAM solutions.