Comparing the current results to its competitors, Everspin Technologies Inc reported Revenue increase in the 1 quarter 2026 by 16.39 % year on year. The revenue growth was below Everspin Technologies Inc 's competitors' average revenue growth of 161.87 %, achieved in the same quarter.
Everspin Technologies Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 896.17 %
Everspin Technologies Inc 's Comment on Competition and Industry Peers
The company operates in a competitive market for memory technologies. Its Toggle MRAM products compete with offerings from Infineon, Fujitsu, Integrated Silicon Solution (ISSI), Macronix, Microchip, Micron, Renesas, Samsung, and Toshiba, which provide nonvolatile SRAM (NVSRAM), SRAM, and FRAM products. For STT-MRAM products, which serve as replacements for discrete NOR, DRAM, and NVSRAM where data persistence is required, competitors include DRAM and NVSRAM suppliers such as Hynix, Micron, Winbond, Samsung, and several smaller firms. Potential future competition may arise from companies developing MRAM technologies, including Avalanche, Samsung, and other semiconductor companies of various sizes. Indirect competition may come from manufacturers of resistive random-access memory (RRAM), NOR, and NAND Flash. The company competes based on product features, customer adoption, supplier and customer relationships, manufacturing yield and capacity, pricing, and product development. Larger competitors with greater resources and market presence may have advantages in enduring market downturns and offering lower prices.
July 25, 2024
Everspin Technologies Announces MRAM Contract with QuickLogic CorporationEverspin Technologies, known as the leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, has recently entered into a strategic contract with QuickLogic Corporation. This collaboration aims to integrate MRAM technology directly into QuickLogic s Field-Programmable Gate Array (FPGA) product to support the Department of Defense (DoD). This partnership builds upon the existing relationship between Everspin, QuickLogic, and Honeywell.Sanjeev Aggarwal, President of Technologies at Everspin, expressed his satisfaction with the continued collaboration. Integrating MRAM into the FPGA pro...
July 3, 2024
Everspin Technologies Joins Russell 2000 Index, Yet Faces Revenue Challenges in Comparison to CompetitorsIn a significant development, Everspin Technologies, Inc., the leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, has been included in the prestigious Russell 2000 Index. This announcement came as part of the annual reconstitution of the Russell stock indexes, effectively marking Everspin s entry into a select group of top-performing companies. The inclusion was effective from July 1, 2024, following the preliminary list of additions posted on May 24, 2024.With this accomplishment, Everspin Technologies solidifies its position as a key player in...
Publicly Traded Peers of Everspin Technologies Inc
Skyworks Solutions Inc Share Performance
-1.57%
One Year
Skyworks Solutions Inc
Profile
Skyworks Solutions Incs business model focuses on designing, manufacturing, and selling advanced semiconductor solutions primarily for wireless communication, catering to diverse markets such as smartphones, automotive, and IoT devices.
Rambus Inc operates as a technology licensing company, generating revenue through licensing its patented inventions and intellectual property to technology companies worldwide. Its business model focuses on monetizing its extensive patent portfolio in various industries including memory and chip interface technologies.
Quicklogic Corp's business model can be described as a semiconductor solutions provider specializing in the development and sale of customizable, low-power, and ultra-low-power FPGAs (Field-Programmable Gate Arrays) and associated software tools for the mobile, wearable, and Internet of Things (IoT) markets, enabling their customers to create and deploy differentiated products quickly and cost-effectively.
Pixelworks Inc's business model revolves around providing advanced visual processing solutions to deliver exceptional image and video quality in various devices such as smartphones, tablets, and televisions, ultimately enhancing the overall viewing experience for consumers. The company generates revenue through the sale of its chips and software licenses to device manufacturers across the globe.
Peraso Inc is a technology company that specializes in wireless communication solutions. Their business model revolves around designing and manufacturing integrated circuits for applications in the consumer electronics industry. They primarily focus on developing chipsets for high-speed wireless communications, such as Wi-Fi and mmWave, aiming to provide reliable and efficient connectivity solutions for various devices.
Sources:
Everspin Technologies Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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