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Everspin Technologies, Inc.: Business Overview, Financials & Competitive Analysis

Everspin Technologies is the world's leading developer and manufacturer of persistent Magnetoresistive Random Access Memory (MRAM) solutions. MRAM uses the magnetism of electron spin to provide fast and enduring non-v...

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6/ 10Solid

Cyborg Score thesis

Everspin is a pure-play MRAM leader with expanding high-reliability product lines for space and defense, but faces near-term...

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Industry Non-Volatile Memory Semiconductors / Specialized Memory Solutions
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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Everspin Technologies, Inc. Overview

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Everspin Technologies is the world's leading developer and manufacturer of persistent Magnetoresistive Random Access Memory (MRAM) solutions. MRAM uses the magnetism of electron spin to provide fast and enduring non-volatile memory, storing information in magnetic material integrated with silicon circuitry to deliver the speed of RAM with the non-volatility of Flash.

Strategic Profile

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The company has strong demand across Low Earth Orbital Satellite, Casino Gaming, and Energy Management segments, with data center business remaining strong with continued demand for toggle MRAM products for RAID applications from customers including Dell and Supermicro. Everspin offers Toggle-MRAM, STT-MRAM and pMTJ STT-MRAM chips targeting mission-critical applications in aerospace, defense, automotive, and industrial sectors.

Competitive Landscape

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Everspin operates in a niche market with limited direct MRAM competitors; primary competition comes from traditional memory technologies (DRAM, Flash, SRAM) and emerging non-volatile memory solutions. Major barriers to entry include Everspin's patent portfolio, manufacturing capabilities, and customer relationships in critical aerospace/defense applications. Competitors in adjacent non-volatile memory include Intel/Micron (3D XPoint), Samsung (Z-NAND), and emerging technologies like ReRAM.

Industry Context

Everspin Technologies, Inc. operates in Non-Volatile Memory Semiconductors / Specialized Memory Solutions.

Key facts

Founded: 2008 · Headquarters: Chandler, Arizona, USA · Revenue: $14.1M (Q3 2025)

What the analysts stress-tested

The top findings that survived the multi-agent debate for Everspin Technologies, Inc..

  • Product revenue expected to grow 3.2% quarter-over-quarter, driven primarily by ramp-up of high-density STT-MRAM applications at IBM
  • Expanded PERSYST MRAM product line with AEC-Q100 Grade 1 qualified EM064LX HR and EM128LX HR devices designed for aerospace, defense, automotive and industrial applications operating from -40°C to +125°C
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Recent developments

Material events tracked by the AskCyborg corpus.

  • January 2026Patent infringement lawsuit filed by Avalanche Technology claiming Everspin's STT-MRAM infringes on four patents
  • November 2025Expanded PERSYST MRAM family with AEC-Q100 Grade 1 high-reliability devices for aerospace and defense
  • +1 moreTrack every material event for Everspin Technologies, Inc. as it happens. Explore monitoring →
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Named competitors

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Industry context

Everspin Technologies, Inc. operates in Non-Volatile Memory Semiconductors / Specialized Memory Solutions. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Everspin Technologies, Inc. do?+
Everspin Technologies is the world's leading developer and manufacturer of persistent Magnetoresistive Random Access Memory (MRAM) solutions. MRAM uses the magnetism of electron spin to provide fast and enduring non-v...
What is Everspin Technologies, Inc.'s Cyborg Score?+
Everspin Technologies, Inc. has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Everspin Technologies, Inc.'s main competitors?+
Named competitors include 3D XPoint / Optane, Z-NAND, STT-MRAM and Perpendicular MTJ. The full competitive landscape is in the AskCyborg report.
How can I get the full Everspin Technologies, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Everspin Technologies, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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