NVEC NVE Corp.

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NVE Reported Earnings

Wednesday, July 22, 2026 · 4:05 PM ET

NVE (NVEC) reported earnings of $1.32 per share on revenue of $11.03 million for the . . Revenue grew 80.74% on a year-over-year basis.

NVE Corp develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information.

Earnings Whisper Grade —
Power Rating—
Reported Earnings
$1.32
Earnings Whisper®
—
Consensus Estimate
—
Earnings Surprise
Earnings Growth78.4 %
Reported Revenue
$11.03M
Revenue Estimate
—
Revenue Surprise
Revenue Growth80.7 %

NVE Corporation Reports First Quarter Results and Announces Quarterly Dividend

Wednesday, July 22, 2026 · 4:05 PM ET Business Wire

Revenue increases 81% and net income increases 79%

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter ended June 30, 2026.

Total revenue for the first quarter of fiscal 2027 increased 81% to $11.0 million from $6.10 million for the prior-year quarter. The increase was due to an 82% increase in product sales and a 53% increase in contract research and development revenue. Net income for the first quarter of fiscal 2027 increased 79% to $6.39 million, or $1.32 per diluted share, compared to $3.58 million, or $0.74 per share, for the prior-year quarter.

The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable August 31, 2026 to shareholders of record as of August 3, 2026.

“We’re pleased to report exceptional growth in revenue and earnings driven by new product sales and a strong semiconductor market,” said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D.

NVE is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. The company manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data.

Statements used in this press release that relate to future plans, events, financial results, or performance are forward-looking statements that are subject to certain risks and uncertainties including, among others, such factors as our reliance on several large customers for a significant percentage of revenue, uncertainties related to the economic environments in the industries we serve, uncertainties related to future sales and revenues, risks and uncertainties related to tariffs, customs, duties, and other trade barriers, as well as the risk factors listed from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2026.

 
 
 

NVE CORPORATION
STATEMENTS OF INCOME
QUARTERS ENDED JUNE 30, 2026 AND 2025

(Unaudited)

Quarter Ended June 30,

2026

 

2025

Revenue

Product sales

$

10,734,735

$

5,908,570

Contract research and development

 

299,322

 

 

196,074

 

Total revenue, net

 

11,034,057

 

6,104,644

Cost of sales

 

2,066,045

 

 

1,182,523

 

Gross profit

 

8,968,012

 

4,922,121

Expenses

 

 

 

 

 

 

 

Research and development

 

946,582

 

720,231

Selling, general, and administrative

 

755,594

 

 

418,640

 

Total expenses

 

1,702,176

 

 

1,138,871

 

Income from operations

 

7,265,836

 

3,783,250

Interest income

 

449,920

 

 

498,208

 

Other income

 

-

 

 

 

811

 

Income before taxes

 

7,715,756

 

4,282,269

Provision for income taxes

 

1,321,565

 

 

706,451

 

Net income

$

6,394,191

 

$

3,575,818

 

Net income per share – basic

$

1.32

 

$

0.74

 

Net income per share – diluted

$

1.32

 

$

0.74

 

Weighted average shares outstanding

 

 

 

 

 

Basic

 

4,837,166

 

 

 

4,837,166

 

Diluted

4,845,744

4,838,877

 
 
 
 

NVE CORPORATION
BALANCE SHEETS
JUNE 30 AND MARCH 31, 2026 

 
 

 

(Unaudited)

June 30,

2026

 

March 31,

2026

ASSETS

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

2,896,148

 

 

$

1,714,040

 

Marketable securities, short-term

 

 

18,875,009

 

 

 

18,125,060

 

Accounts receivable, net of allowance for credit losses of $15,000

 

 

6,545,713

 

 

 

3,408,941

 

Inventories, net

 

 

6,673,227

 

 

 

7,082,821

 

Prepaid expenses and other assets

 

 

685,921

 

 

 

1,860,415

 

Total current assets

 

 

35,676,018

 

 

 

32,191,277

 

Fixed assets

 

 

 

 

 

 

 

 

Machinery and equipment

 

 

13,900,632

 

 

 

13,843,799

 

Leasehold improvements

 

 

2,059,853

 

 

 

2,059,853

 

 

 

 

15,960,485

 

 

 

15,903,652

 

Less accumulated depreciation and amortization

 

 

12,419,993

 

 

 

12,187,643

 

Net fixed assets

 

 

3,540,492

 

 

 

3,716,009

 

Marketable securities, long-term

 

 

22,137,350

 

 

 

23,678,452

 

Right-of-use asset – operating lease

 

 

763,080

 

 

 

793,794

 

Total assets

 

$

62,116,940

 

 

$

60,379,532

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Accounts payable

 

$

265,953

 

 

$

278,599

 

Accrued payroll and other

 

 

1,037,155

 

 

 

697,611

 

Operating lease

 

 

201,008

 

 

 

165,116

 

Total current liabilities

 

 

1,504,116

 

 

 

1,141,326

 

Deferred tax liabilities

 

 

128,217

 

 

 

248,284

 

Long-term operating lease liability

 

 

704,817

 

 

 

740,423

 

Total liabilities

 

 

2,337,150

 

 

 

2,130,033

 

 

 

 

 

 

 

 

 

 

Shareholders’ equity

 

 

 

 

 

 

 

 

Common stock

 

 

48,372

 

 

 

48,372

 

Additional paid-in capital

 

 

19,928,818

 

 

 

19,914,769

 

Accumulated other comprehensive income (loss)

 

 

(72,793

)

 

 

(32,010

)

Retained earnings

 

 

39,875,393

 

 

 

38,318,368

 

Total shareholders’ equity

 

 

59,779,790

 

 

 

58,249,499

 

Total liabilities and shareholders’ equity

 

$

62,116,940

 

 

$

60,379,532

 

 
 

 

investor@nve.com

Source: NVE Corporation