NVE Corporation

NASDAQ•NVEC

CEO: Dr. Daniel A. Baker Ph.D.

Sector: Technology

Industry: Semiconductors

Listing Date: 1995-05-23

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for power conversion and industrial Internet of Things (IIoT) markets; and DC-to-DC convertors for use in power conversion systems and industrial networks for the IIoT. In addition, it undertakes contracts for research and development, and licensing of spintronic magnetoresistive random access memory technology. The company sells its products through distributors. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.

Contact Information

11409 Valley View Road, Eden Prairie, MN, 55344-3617, United States

952-829-9217

www.nve.com

Market Cap

$325.93M

P/E (TTM)

23.0

45.8

Dividend Yield

5.9%

52W High

$82.30

52W Low

$51.50

52W Range

52%

Rank24Top 10.8%

5.7

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 5.7 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q3 2026 Data

Revenue

$6.22M+22.95%

4-Quarter Trend

EPS

$0.70+11.11%

4-Quarter Trend

FCF

$3.14M-17.53%

4-Quarter Trend

2026 Q3 Earnings Highlights

Key Highlights

Revenue Surge Strong R&D Total revenue $6.22M, up 22.9% for the quarter; contract R&D revenue surged 335.0% to $446K.

Quarterly Profit Rises Net income reached $3.38M, growing 11.0% compared to prior year quarter; diluted EPS was $0.70.

Operating Cash Strong Net cash provided by operating activities totaled $12.17M YTD, supporting investing and financing needs.

Risk Factors

Gross Margin Compression Gross margin fell to 78.6% from 84.2% due to less profitable product mix and increased distributor sales.

State Regulatory Cost Increase New Minnesota paid leave legislation mandates higher employment costs starting January 2026, potentially impacting results.

Nine-Month Net Income Down Nine-month net income decreased 8.1% to $10.27M, driven by lower gross margin and higher effective tax rate.

Outlook

FY2026 Tax Rate Guidance Expect full-year effective tax rate between 16% to 17% for fiscal 2026, including anticipated tax credits.

Shareholder Dividend Declared Board declared $1.00 per share cash dividend, payable February 27, 2026, funded by operations/maturities.

Accounting Standards Adoption Upcoming FASB standard adoptions are not expected to materially impact financial statements, only disclosure requirements.

Peer Comparison

Revenue (TTM)

CNDT

$3.04B

-9.4%

RXT

$2.69B

-1.9%

GPRO

$651.54M

-18.7%

Gross Margin (Latest Quarter)

NVEC

78.6%

-5.7pp

XPER

70.5%

-5.4pp

REKR

63.4%

+19.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
AXTI	$2.19B	-102.8	-10.4%	15.1%
FRGE	$623.01M	-9.6	-29.8%	1.8%
RXT	$472.84M	-2.1	19.6%	117.3%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-5.0%

Growth Under Pressure

4Q Net Income CAGR

-4.6%

Stable Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 5, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data