Everspin 2025 Q2 Earnings Narrowed Losses with 75% EPS Improvement

Everspin (MRAM) reported its Q2 2025 earnings on August 7, 2025. The company exceeded expectations by narrowing its net loss and improving earnings per share. Everspin also provided in-line guidance for the next quarter, projecting continued progress in monetizing its product portfolio and expanding market presence.

Revenue
Everspin’s total revenue rose 24.1% year-over-year to $13.20 million in Q2 2025. Product sales accounted for the largest portion at $11.09 million, while licensing, royalty, patent, and other revenue added $2.11 million. This broad-based revenue growth reflects strong demand for the company’s memory solutions and its expanding intellectual property portfolio.

Earnings/Net Income
The company narrowed its net loss to $-670,000 in Q2 2025, representing a 73.2% reduction from the $-2.50 million reported in the same period a year earlier. On a per-share basis, the loss improved to $0.03, a 75.0% improvement from the $0.12 loss in 2024 Q2. These results indicate significant progress in controlling costs and improving operational efficiency, marking a positive development in the company’s financial trajectory.

Price Action
Despite these improvements, Everspin’s stock has experienced a downward trend recently, declining 10.80% month-to-date and slipping 0.50% over the past trading week. The stock edged down 1.15% on the latest trading day, signaling a bearish sentiment among investors in the near term.

Post-Earnings Price Action Review
A strategy of buying MRAM following the earnings report when revenue beat expectations and holding for 30 days yielded a 16.34% return. However, this underperformed the benchmark return of 86.19%. The strategy’s Sharpe ratio of 0.05 suggests a moderate risk-adjusted return, though it experienced no maximum drawdown during the backtest period, indicating limited downside risk during the timeframe.

CEO Commentary
Sanjeev Aggarwal, President and Chief Executive Officer, highlighted Everspin’s consistent financial performance, driven by a robust product portfolio and increasing design wins. The CEO emphasized recent executive team additions, including a dedicated VP of Sales and a VP of Business Development, as key strategic moves to accelerate revenue monetization and market expansion. Aggarwal expressed confidence in the company’s ability to serve customers more effectively and unlock new growth opportunities.

Guidance
For Q3 2025, Everspin expects total revenue to range between $13.5 million and $14.5 million, with GAAP net (loss)/income per diluted share estimated between $(0.05) and $0.00. Non-GAAP net income per diluted share is projected to range between $0.02 and $0.07. The company noted that non-GAAP metrics cannot be reconciled with GAAP due to uncertain future expenses, particularly related to stock-based compensation. The guidance includes no material impact from tariffs but acknowledges potential challenges from supply chain issues, public health events, and market volatility.

Additional News
In the three weeks following Everspin’s Q2 earnings report, the company made several strategic leadership appointments to strengthen its executive team. Sanjeev Aggarwal, President and CEO, announced the hiring of a dedicated VP of Sales and a VP of Business Development, both aimed at accelerating revenue growth and expanding the company’s market footprint. These additions are part of a broader strategy to enhance customer engagement and drive product adoption. Additionally, the company has focused on internal restructuring to support long-term scalability, including operational and administrative enhancements. No significant mergers, acquisitions, or dividend-related announcements were reported during the period.