Everspin Q3 net result swings to $7.18 million loss year-on-year

• Everspin Technologies swung to a third-quarter 2026 GAAP net loss of $7.18 million from a year-earlier profit.
• Revenue climbed 47% year over year to $20.65 million, driven by strong product and non-product growth.
• Operating expenses more than doubled year over year to $18.54 million.
• GAAP results were significantly impacted by litigation expenses of $5.99 million and a regulatory provision of $2.72 million.
• Fourth-quarter 2026 guidance projects revenue of $21.5 million–$22.5 million and a GAAP net loss of $0.08–$0.13 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Everspin Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261028529288) on October 28, 2026, and is solely responsible for the information contained therein.