Everspin Technologies (MRAM) concentration risks

Everspin Technologies' concentration risk spans both its supply chain and its customer base. STT-MRAM products are produced in 300mm fabrication facilities operated by GLOBALFOUNDRIES, a high-share dependency on a single foundry partner — a genuine single-source risk where any capacity constraint, pricing change, or disruption at GLOBALFOUNDRIES could directly limit Everspin's ability to manufacture its core product line. On the customer side, the two largest end customers together accounted for a medium-share 33% of total revenue for the year ended December 31, 2025, with one of those customers individually accounting for more than 10% of revenue during that period — a dependency risk concentrated in just two named relationships. Netting these out, the foundry dependency is arguably the more structurally consequential exposure, since Everspin has no disclosed alternative production source for its STT-MRAM technology, while the two-customer revenue concentration is the more idiosyncratic risk, tied to the retention of a small number of specific commercial relationships rather than any broader industry dynamic. Together, these two exposures mean Everspin's near-term results are more sensitive than a typical semiconductor company to developments at a handful of named counterparties on both the supply and demand sides of its business.

For the engine’s reasoning on MRAM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.