Hey there, @Tenbagger2024! đ
Well, whatâs this I hear? That Iâm *âalways so meanâ* to you? đ± Man, thatâs really breaking my heart here in chilly Denmark! Iâm not mean, my friendâIâm just your only friend on the stock market who tells you the unvarnished truth to your face before the market turns your portfolio into breakfast! đ
But you know what? Today, I actually have to give you a **huge compliment** for this analysis of **Everspin Technologies ($MRAM)**! The technology comparison (MRAM vs. DRAM) and operational facts youâve compiled are incredibly well-researched.
But just so your halo doesnât shine too brightly, Iâve compared your post against the latest InvestingPro data and the weekly chart.
Hereâs your personal breakdown: What you got **spot on** (where Iâm giving you props) and where you **completely overlooked the danger zone**!
---
### 1. Credit where credit is due: Where youâre absolutely RIGHT! â (Iâm being really nice to you!)
* **Record Q2 2026 & Outlook:**
Your figures as of August 5, 2026, are spot on! Q2 revenue of **$18.7 million (+42% YoY)** pulverized expectations. Non-GAAP EPS came in at **$0.11**âmiles ahead of the expected loss of -$0.01. You also nailed the Q3 guidance (**$19.5â20.5 million**) exactly.
* **Rock-Solid Balance Sheet:**
With **$43.9 million in cash and ZERO debt**, Everspin is on solid financial footing. This provides enormous flexibility.
* **$40 Million Military Contract:**
Exactly right. The 2.5-year contract signed with the U.S. Department of Defense in April 2026 provides predictable, high-margin non-product revenue (even if revenue recognition is non-linear).
* **Technology & Partnerships:**
Your discussion of MRAM vs. DRAM hits the nail on the head. Youâve also done an excellent job summarizing key milestones such as the MaxLinear MOU, the GEO satellite win with Astro Digital, and the multi-foundry strategy (NXP, Microchip, GlobalFoundries).
* **The Patent Battle:**
The fact that you transparently mention the patent lawsuit filed by Avalanche Technology and the looming costs of **~$4 million per quarter** shows real depth.
---
### 2. The Reality Check: Where You Turned a Blind Eye! â (From here on, Iâll be âmeanâ again)
Okay, enough of the fluffânow for the hard facts youâd rather keep from your community:
#### â 1. InvestingProâs Harsh Fair Value Reality Check
You rave about the rosy outlook through 2028/2029, but youâre ignoring the current fair value.
* The **fair value** calculated by InvestingPro based on 12 financial models is a measly âŹ9.84 / $11.67.
* At a current price of ~âŹ14.86 / $15.90, that means a **downside risk of -28.1% to -33.8%**! InvestingPro simply considers the stock **overvalued** at its current level.
#### â 2. Huge GAAP Losses Swept Under the Rug
Youâre celebrating the non-GAAP EPS of $0.11. But if you look at the real, unvarnished **GAAP figures**, the facade crumbles dramatically:
* In Q2 2026, there was a **net loss of -$3.6 million (-$0.15 per share)** on a GAAP basis!
* The LTM (last 12 months) operating income is **deep in the red at -$9.7 million**. Legal fees for the Avalanche lawsuit are eating up almost all of the operating income.
#### â 3. Quality Check in the Cellar: âWeakâ Rating
In the InvestingPro Quality Check, Everspin is floundering with an overall rating of just **2 out of 5 points (âWeakâ)**!
* **Profitability Rating:** A disastrous **1 out of 5 points** (score 1.08).
* **Relative Value:** Also **1 out of 5 points** (score 0.60).
* **Growth:** Only **2 out of 5 points**.
#### â 4. Margin Pressure on the Core Product
While the overall gross margin stood at 53.9% thanks to the government contract, the pure **product gross margin is hovering in the mid- to upper 40% range**. This is due to ongoing cost inflation in packaging and back-end assembly, as well as rising gold prices.
---
### 3. Chart Analysis & Valuation at a Glance đ
Letâs take a look at the current setup on a weekly basis (52-week range: **âŹ5.08 â âŹ44.65 / $5.86 â $51.50**):
Price (EUR / USD) âŹ22.25 / $25.67 Analyst Consensus Target (Wall Street Bulls)
âŹ14.86 / $15.90 âââ Current Price
âŹ9.84 / $11.67 âââ InvestingPro Fair Value (-33.8% downside risk!)
* **Volatility:** This stock is a real wild card with a 5-year beta of **1.92**. After a massive rally over the past 12 months, the chart is showing clear signs of fatigue in the short term (-8.6% to -13.5% over the last month).
* **Valuation:** With a forward P/E of ~36.4x for 2026 and a P/B of 5.38x, youâre currently paying a hefty premium for a company thatâs still posting losses on an unaudited basis.
---
### 4. The Final Verdict for You đŻ
Dear @Tenbagger2024, your technical analysis gets an A+! MRAM is an incredibly exciting market of the future, Everspin is fantastically positioned, and its debt-free balance sheet is a real shield.
But: Youâre buying into an extremely volatile small-cap story with **ongoing GAAP losses**, an expensive **patent battle**, and a **fair-value discount of over 30%**.
Anyone getting in here isnât buying a proven quality stock, but rather a high-risk bet on a breakthrough starting in 2028 (UNISYST). It might pay offâbut donât complain if Raketentoni warned you, should the âfair value magnetâ pull the price back down to single digits! đ
Keep up the great work with your insightsâthe community benefits from them!
Best regards from Denmark
Yours, Raketentoni
Well, whatâs this I hear? That Iâm *âalways so meanâ* to you? đ± Man, thatâs really breaking my heart here in chilly Denmark! Iâm not mean, my friendâIâm just your only friend on the stock market who tells you the unvarnished truth to your face before the market turns your portfolio into breakfast! đ
But you know what? Today, I actually have to give you a **huge compliment** for this analysis of **Everspin Technologies ($MRAM)**! The technology comparison (MRAM vs. DRAM) and operational facts youâve compiled are incredibly well-researched.
But just so your halo doesnât shine too brightly, Iâve compared your post against the latest InvestingPro data and the weekly chart.
Hereâs your personal breakdown: What you got **spot on** (where Iâm giving you props) and where you **completely overlooked the danger zone**!
---
### 1. Credit where credit is due: Where youâre absolutely RIGHT! â (Iâm being really nice to you!)
* **Record Q2 2026 & Outlook:**
Your figures as of August 5, 2026, are spot on! Q2 revenue of **$18.7 million (+42% YoY)** pulverized expectations. Non-GAAP EPS came in at **$0.11**âmiles ahead of the expected loss of -$0.01. You also nailed the Q3 guidance (**$19.5â20.5 million**) exactly.
* **Rock-Solid Balance Sheet:**
With **$43.9 million in cash and ZERO debt**, Everspin is on solid financial footing. This provides enormous flexibility.
* **$40 Million Military Contract:**
Exactly right. The 2.5-year contract signed with the U.S. Department of Defense in April 2026 provides predictable, high-margin non-product revenue (even if revenue recognition is non-linear).
* **Technology & Partnerships:**
Your discussion of MRAM vs. DRAM hits the nail on the head. Youâve also done an excellent job summarizing key milestones such as the MaxLinear MOU, the GEO satellite win with Astro Digital, and the multi-foundry strategy (NXP, Microchip, GlobalFoundries).
* **The Patent Battle:**
The fact that you transparently mention the patent lawsuit filed by Avalanche Technology and the looming costs of **~$4 million per quarter** shows real depth.
---
### 2. The Reality Check: Where You Turned a Blind Eye! â (From here on, Iâll be âmeanâ again)
Okay, enough of the fluffânow for the hard facts youâd rather keep from your community:
#### â 1. InvestingProâs Harsh Fair Value Reality Check
You rave about the rosy outlook through 2028/2029, but youâre ignoring the current fair value.
* The **fair value** calculated by InvestingPro based on 12 financial models is a measly âŹ9.84 / $11.67.
* At a current price of ~âŹ14.86 / $15.90, that means a **downside risk of -28.1% to -33.8%**! InvestingPro simply considers the stock **overvalued** at its current level.
#### â 2. Huge GAAP Losses Swept Under the Rug
Youâre celebrating the non-GAAP EPS of $0.11. But if you look at the real, unvarnished **GAAP figures**, the facade crumbles dramatically:
* In Q2 2026, there was a **net loss of -$3.6 million (-$0.15 per share)** on a GAAP basis!
* The LTM (last 12 months) operating income is **deep in the red at -$9.7 million**. Legal fees for the Avalanche lawsuit are eating up almost all of the operating income.
#### â 3. Quality Check in the Cellar: âWeakâ Rating
In the InvestingPro Quality Check, Everspin is floundering with an overall rating of just **2 out of 5 points (âWeakâ)**!
* **Profitability Rating:** A disastrous **1 out of 5 points** (score 1.08).
* **Relative Value:** Also **1 out of 5 points** (score 0.60).
* **Growth:** Only **2 out of 5 points**.
#### â 4. Margin Pressure on the Core Product
While the overall gross margin stood at 53.9% thanks to the government contract, the pure **product gross margin is hovering in the mid- to upper 40% range**. This is due to ongoing cost inflation in packaging and back-end assembly, as well as rising gold prices.
---
### 3. Chart Analysis & Valuation at a Glance đ
Letâs take a look at the current setup on a weekly basis (52-week range: **âŹ5.08 â âŹ44.65 / $5.86 â $51.50**):
Price (EUR / USD) âŹ22.25 / $25.67 Analyst Consensus Target (Wall Street Bulls)
âŹ14.86 / $15.90 âââ Current Price
âŹ9.84 / $11.67 âââ InvestingPro Fair Value (-33.8% downside risk!)
* **Volatility:** This stock is a real wild card with a 5-year beta of **1.92**. After a massive rally over the past 12 months, the chart is showing clear signs of fatigue in the short term (-8.6% to -13.5% over the last month).
* **Valuation:** With a forward P/E of ~36.4x for 2026 and a P/B of 5.38x, youâre currently paying a hefty premium for a company thatâs still posting losses on an unaudited basis.
---
### 4. The Final Verdict for You đŻ
Dear @Tenbagger2024, your technical analysis gets an A+! MRAM is an incredibly exciting market of the future, Everspin is fantastically positioned, and its debt-free balance sheet is a real shield.
But: Youâre buying into an extremely volatile small-cap story with **ongoing GAAP losses**, an expensive **patent battle**, and a **fair-value discount of over 30%**.
Anyone getting in here isnât buying a proven quality stock, but rather a high-risk bet on a breakthrough starting in 2028 (UNISYST). It might pay offâbut donât complain if Raketentoni warned you, should the âfair value magnetâ pull the price back down to single digits! đ
Keep up the great work with your insightsâthe community benefits from them!
Best regards from Denmark
Yours, Raketentoni
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@Raketentoni Thanks, my friend. So for now, I'll keep an eye on it and wait until Jensen Huang sings MRAM's praises.
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âą@Tenbagger2024 I told him that you think he's always mean to you đŹ
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âą@Raketentoni I still need him. After all, he's brought a lot of praise with him this time, too. His heart is definitely in it with MRAM.
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