One of the key elements for modern microwave circuits is a delay line, which is widely utilized for the signal generation as well as processing. Spin-wave delay lines based on ferrite films provide a high delay time and small dimensions. Typically, the performance characteristics of such lines are tuned by the variation of an externally applied magnetic field characterized by some drawbacks. The phenomenon of a metal–insulator transition (MIT) in the phase change materials permits to improve the performance characteristics of the spin-wave delay lines.