Everspin Technologies announced that its 64 Mb xSPI STT‑MRAM has completed full production qualification for the AEC‑Q100 Grade 1 specification and is now available for customer orders. The qualification confirms the product’s readiness for high‑volume production in mission‑critical applications such as automotive, aerospace, and industrial systems.
The company also outlined the roadmap for higher‑density variants. The 128 Mb xSPI STT‑MRAM is expected to complete production qualification in May 2026, while the 256 Mb variant is slated for July 2026, with volume availability in the second half of 2026. These milestones expand Everspin’s addressable market and support its strategy to capture larger shares of the growing MRAM demand in safety‑critical sectors.
Management highlighted the strategic importance of the qualification. President and CEO Sanjeev Aggarwal said, “Advancing our high‑reliability product family through production qualification and expanding density options reflects steady progress against our technology roadmap.” The company’s recent Q4 2025 earnings report, released March 4, 2026, showed revenue of $14.8 million, beating consensus estimates by $0.36 million, and EPS of $0.11, surpassing expectations by $0.06. The earnings beat was driven by strong demand for MRAM products and disciplined cost management, which helped maintain margins despite a 22 % increase in product sales.
The qualification of the 64 Mb variant also positions Everspin to replace NOR flash in several applications, offering faster read/write speeds and higher endurance. The company’s partnership network, including collaborations with Microchip and Lattice, is expected to accelerate integration of the new MRAM into broader ecosystems.
Analysts noted that the production qualification and upcoming higher‑density releases reinforce Everspin’s competitive advantage in the MRAM market, where it competes with Samsung, Avalanche Technology, and Intel. The company’s focus on discrete and embedded solutions with proven reliability in industrial, automotive, and aerospace applications differentiates it from competitors that primarily target memory modules.
The announcement comes amid a patent infringement lawsuit filed by Avalanche Technology on January 28, 2026, which could impact the company’s legal landscape. However, Everspin’s leadership remains confident that its technology and product roadmap will continue to drive growth, as reflected in its guidance for Q1 2026, which projects revenue between $14.0 million and $15.0 million.
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