Everspin launches high-reliability MRAM for extreme environments

CHANDLER, Ariz. - Everspin Technologies, Inc. (NASDAQ:MRAM), a small-cap technology company with a market capitalization of $186 million, announced on Tuesday two new high-reliability magnetoresistive random access memory (MRAM) products designed for extreme operating conditions.

The EM064LX HR and EM128LX HR devices, additions to the company's PERSYST MRAM product line, have achieved AEC-Q100 Grade 1 qualification for operation in temperatures ranging from -40°C to +125°C.

The new memory solutions offer 10-year data retention at 125°C and undergo a 48-hour burn-in process to ensure reliability. Available in 64- and 128-megabit densities, both devices deliver 90 Mbytes/sec read and write bandwidth.

According to the company's press release, the EM064LX device was independently tested at the Berkeley Accelerator Space Effects Facility under a NASA Jet Propulsion Laboratory program, showing no single-event latch-up events up to an LET of 61 MeV-cm²/mg at ambient temperature.

"Our customers design systems that must perform without compromise in the harshest environments," said Sanjeev Aggarwal, President and CEO of Everspin Technologies.

The new products feature a Quad Serial Peripheral Interface supporting 133 MHz single transfer rate and 90 MHz dual transfer rate operation.

Everspin states the memory solutions are targeted at aerospace, defense, automotive, and high-end industrial applications where data integrity is critical under extreme conditions.

The company describes itself as the world's leading provider of Magnetoresistive RAM technology, focusing on applications where data persistence is essential. Despite not being profitable over the last twelve months, InvestingPro analysts predict Everspin will turn profitable this year with an EPS forecast of $0.23 for 2025. The stock has seen significant momentum with a 33% gain over the last six months, though it appears slightly overvalued according to InvestingPro's Fair Value assessment.For investors interested in Everspin's growth potential, InvestingPro offers 8 additional insights and a comprehensive Pro Research Report that provides deeper analysis of the company's financial health, which currently rates as "FAIR" with a score of 2.17.

In other recent news, Everspin Technologies announced its third-quarter 2025 earnings, exceeding analyst expectations. The company reported an earnings per share (EPS) of $0.17, significantly higher than the forecasted -$0.01. Everspin's revenue also slightly surpassed projections, reaching $14.1 million compared to the anticipated $14 million. These results reflect a positive performance for the quarter. No significant mergers or acquisitions were reported during this period. Additionally, there were no recent analyst upgrades or downgrades for Everspin Technologies. The company's financial results are among the key developments for investors to consider.

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