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NVE Corporation

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
$330.52M
P/E (TTM)
23.9
65
Dividend Yield
5.9%
52W High
$84.64
52W Low
$51.50
52W Range
51%
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

Q2 2026 Data

Revenue

$6.35M-6.09%
4-Quarter Trend

EPS

$0.68-18.07%
4-Quarter Trend

FCF

$2.72M+41.45%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Q2 Net Income Decline Net income for Q2 2025 was 3.31M USD, down 16.3% from 4.03M USD in Q2 2024.
Revenue Drops 6.1% Total revenue fell 6.1% to 6.35M USD, driven by a 68.2% decrease in contract R&D revenue.
Gross Margin Compression Gross margin decreased to 78.3% from 86.0% due to less profitable product mix and increased distributor sales.
Stable Operating Cash Flow Net cash provided by operating activities remained strong at 7.98M USD for the six months ended September 30.

Risk Factors

Contract Revenue Volatility Revenue highly variable due to defense procurement cycles; contract R&D revenue dropped 68.2% this quarter.
Lower Profitability Mix Gross margin pressure noted; distributor sales increased, typically resulting in lower gross margin than direct sales.
Cash Position Decrease Cash and cash equivalents decreased by 2.93M USD over six months, primarily due to investing and financing outflows.
Reliance on Key Customers Risk exists related to reliance on several large customers for a significant percentage of total revenue.

Outlook

Tax Rate Stabilization Expected Effective tax rate expected to normalize to 16% to 17% for full year 2026, offsetting recent tax law impacts.
Capital Expansion Planned Expect additional 1.0M USD to 1.5M USD fixed asset purchases in the second half to complete production expansion.
Stock Repurchase Authorization Remaining authorization for stock repurchases stands at 3.52M USD as of September 30, 2025.
Upcoming Dividend Payment Board declared a 1.00 USD per share dividend, totaling 4.84M USD, payable in November 2025.

Peer Comparison

Revenue (TTM)

Conduent IncorporatedCNDT
$3.07B
-12.5%
Rackspace Technology, Inc.RXT
$2.69B
-3.0%
GoPro, Inc.GPRO
$650.75M
-27.4%

Gross Margin (Latest Quarter)

NVE CorporationNVEC
78.3%
-7.7pp
Xperi Inc.XPER
74.0%
-5.4pp
Valens Semiconductor Ltd.VLN
63.0%
+6.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FEIM$573.36M27.237.9%9.1%
MTLS$333.14M60.41.9%15.5%
NVEC$330.52M23.922.5%1.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.8%
Steady Growth
4Q Net Income CAGR
2.8%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 21, 2026
|
EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Sep 30, 2025|Filed: Oct 22, 2025|
    Revenue: $6.35M-6.1%
    |
    EPS: $0.68-18.1%
    N/A
  • Form 10-Q - Q1 2026

    Period End: Jun 30, 2025|Filed: Jul 23, 2025|
    Revenue: $6.10M-10.0%
    |
    EPS: $0.74-12.9%
    N/A
  • Form 10-K - FY 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $25.87M-13.2%
    |
    EPS: $3.12-11.9%
    N/A
  • Form 10-Q - Q3 2025

    Period End: Dec 31, 2024|Filed: Jan 22, 2025|
    Revenue: $5.06M-25.1%
    |
    EPS: $0.63-27.6%
    N/A
  • Form 10-Q - Q2 2025

    Period End: Sep 30, 2024|Filed: Oct 23, 2024|
    Revenue: $6.76M-5.3%
    |
    EPS: $0.83-15.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Jun 30, 2024|Filed: Jul 17, 2024|
    Revenue: $6.78M-23.2%
    |
    EPS: $0.85-6.6%
    Miss
  • Form 10-K - FY 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $29.80M-22.1%
    |
    EPS: $3.54-24.7%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Dec 31, 2023|Filed: Jan 17, 2024|
    Revenue: $6.76M-8.7%
    |
    EPS: $0.87-1.1%
    Miss