Everspin Tech (NASDAQ:MRAM) reported record second-quarter revenue as growth in MRAM product sales and initial revenue from a new U.S. defense-related subcontract lifted results above the company’s guidance range. MRAM product sales totaled $15.3 million, rising 38% year over year and 9% sequentially. Within aerospace and defense, the company cited broad-based customer growth, including low-Earth-orbit satellite customers expanding the types of missions using Everspin’s MRAM products. The company’s non-GAAP figures exclude stock-based compensation, litigation expenses and the Microchip-related non-recurring engineering costs. For the third quarter, Everspin forecast total revenue of $19.5 million to $20.5 million.