Everspin Technologies, Inc. (MRAM) Q1 2026 Earnings Call

Investor webinar replay

Meeting Overview The meeting was a conference call to discuss Everspin Technologies' financial results for the first quarter of 2026. Key highlights included a new contract with a U.S. prime contractor, strong performance in various sectors, and updates on product development initiatives. Key Discussion Points - Announcement of a new 2.5-year, $40 million agreement with a U.S. prime contractor. - Financial results for Q1 2026: revenue of $14.9 million and diluted EPS of $0.11. - Growth in industrial automation, transportation, and data center applications. - Introduction of the Unisys MRAM family at Embedded World. - Strategic manufacturing agreement with Microchip to expand onshore production capacity. - Updates on product development timelines and expected availability of engineering samples. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Monitor the progress of the new contract with the U.S. prime contractor. - [Unassigned] : Follow up...

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[Speaker identities could not be resolved; generic labels used] [00:01] Speaker 1: Good afternoon [00:03] Speaker 1: and welcome to Everspend Technologies 1st 0.25 2026 financial results conference call. [00:09] Speaker 1: At this time, all participants are in a listen-only mode. [00:13] Speaker 1: At the conclusion of management's prepared remarks, [00:16] Speaker 1: instructions will be provided for the question and answer session. [00:20] Speaker 1: As a reminder, this conference call is being recorded. [00:23] Speaker 1: I would now like to turn the conference over to Amy Grant, Investor Relations for Everspin. [00:28] Speaker 1: You may begin. [00:31] Speaker 2: Thank you, Operator, and good afternoon, everyone. [00:34] Speaker 2: Everspin released results for the 1st 0.25 of 2026 [00:38] Speaker 2: and did March 31, 2026, [00:41] Speaker 2: this afternoon after market close. [00:43] Speaker 2: I'm Amy Grant, Investor Relations for Everspin, and with me on today's call are Sanjeev Agarwal, [00:50] Speaker 2: President and Chief Executive Officer, [00:52] Speaker 2: and Bill Cooper, Chief Financial Officer. [00:55] Speaker 2: Before we begin the call, I would like to remind you that today's discussion [00:59] Speaker 2: may contain forward-looking statements regarding future events, [01:03] Speaker 2: including but not limited to the company's expectations for Everspince's future business, [01:08] Speaker 2: financial performance and goals, [01:10] Speaker 2: customer and industry adoption of MRAM technology, [01:15] Speaker 2: successfully bringing to market and manufacturing products in Everspence Design Pipeline [01:19] Speaker 2: and executing on its business plan. [01:22] Speaker 2: These forward-looking statements are based on estimates, judgments, current ...