Everspin Technologies detailed a new growth strategy on August 19, 2026.
The company plans to expand into the data center market by replacing NOR flash memory with high-density MRAM technology. CEO Sanjeev Aggarwal estimates the addressable market for NOR flash at $3.5 billion to $4 billion over the next five years.
Everspin reported record quarterly revenue of $18.7 million. This performance represents a 42% increase year-over-year.
The company also highlighted its strategic role as the sole domestic commercial MRAM provider to the U.S. government.