Everspin Technologies
Chandler-based Everspin Technologies (Nasdaq: MRAM) develops Toggle and STT-MRAM persistent memory for mission-critical systems.
Founded
2008Chandler-based Everspin Technologies (Nasdaq: MRAM) develops Toggle and STT-MRAM persistent memory for mission-critical systems.
Everspin's MRAM delivers fast read and write behavior with data retention without batteries or capacitors, wide temperature tolerance, and endurance suited to continuous logging in harsh settings. Spin-transfer torque variants add lower switching energy and higher density scaling than earlier Toggle generations. (Sources: https://www.everspin.com/products; https://www.everspin.com/about)
Differentiation rests on more than 700 active patents and applications, a captive magnetic back-end wafer line in Chandler, and a long foundry alliance with GlobalFoundries for advanced-node embedded MRAM. That pairing supports both discrete shipments and licensed embedded technology across many process generations. (Sources: https://www.everspin.com/about; https://investor.everspin.com/news-releases/news-release-details/everspin-technologies-and-globalfoundries-extend-mram-joint)
Source: everspin.com
Everspin reports roughly 2,000 customers and more than 200 million MRAM units shipped over two decades of production, with demand anchored in aerospace and defense, automotive, data centers, industrial IoT, gaming, medical, and smart energy. Persistent memory fits logging, backup, and instant-on functions where failure carries high cost. (Sources: https://www.everspin.com/about; https://www.everspin.com/)
Near-term signals include a 2026 partnership with Teledyne HiRel to carry 256Mb PERSYST MRAM into mission-critical memory modules and a $40M military-aerospace supply agreement expanding on-shore Toggle output. Third-party coverage points to record preliminary second-quarter 2026 revenue near $18.7M, suggesting continued traction in defense and data-center sockets. (Sources: https://www.everspin.com/; https://www.mram-info.com/everspin)
Everspin Technologies Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, focused exclusively on magnetoresistive memory products and technology. It reported 2025 revenue of about $55.2M and operates with a lean specialist team under president and CEO Sanjeev Aggarwal, a memory veteran with the firm since its 2008 founding. (Sources: https://www.everspin.com/leadership; https://en.wikipedia.org/wiki/Everspin_Technologies)
Governance pairs Aggarwal with chairman Darin Billerbeck, the former Lattice Semiconductor chief, alongside directors drawn from Micron, Intel, Cadence, Infineon, and storage backgrounds. The board mix reflects a company balancing memory-device engineering, foundry partnerships, and public-market execution. (Sources: https://www.everspin.com/leadership; https://en.wikipedia.org/wiki/Everspin_Technologies)
Everspin's catalog spans Toggle MRAM for rugged high-speed logging, PERSYST STT-MRAM such as STT-DDR devices for data-center use and EMxxLX xSPI parts for industrial and embedded designs, plus custom high-temperature, automotive-grade, and space-qualified variants. Embedded MRAM offerings let chip designers integrate persistent memory into CMOS logic through foundry collaboration. (Sources: https://www.everspin.com/products; https://www.everspin.com/)
The newer UNISYST line targets unified code-and-data storage to simplify board architectures and reduce cost at the edge, complementing the persistent-memory PERSYST family. Custom engagements pair device design with tailored testing and magnetic back-end manufacturing for harsh-environment programs. (Sources: https://www.everspin.com/products; https://www.everspin.com/about)
Source: everspin.com
Source: everspin.com
Source: everspin.com