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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 stock ticker logoCNDT
$3.04B
-9.4%
RXT stock ticker logoRXT
$2.69B
-1.9%
GPRO stock ticker logoGPRO
$651.54M
-18.7%

Gross Margin (Latest Quarter)

NVEC stock ticker logoNVEC
78.6%
-5.7pp
XPER stock ticker logoXPER
70.5%
-5.4pp
REKR stock ticker logoREKR
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-2.119.6%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
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LTM
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