NVE CORP /NEW/ (NVEC) Company Report

NVE Corporation reported robust fiscal 2026 results, with third-quarter revenue up 23% year-over-year and fourth-quarter revenue rising to $6.2 million from $5.1 million a year earlier.
This revenue growth was driven by a 16% rise in product sales and a 335% surge in contract R&D, while operating expenses fell 12%, improving operating leverage.
The company announced a quarterly cash dividend payable February 27, 2026, to shareholders of record as of February 2, 2026.
NVE maintains a strong balance sheet, reflected in a current ratio of approximately 29.6 and a debt-to-equity ratio of about 0.02.

Jan 22, 2026, 5:26 AM

Morningstar

NVEC Reports Strong Q3 2026 Results, Expands Capacity, and Extends Key Partnership

NVEC

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

NVE Corporation reported a 23% increase in revenue and an 11% increase in earnings for the third quarter of fiscal 2026 compared to the prior year quarter, with net income reaching $3.38 million or $0.70 per diluted share.
The company completed the installation of new equipment, expected to be in service by March 31st, 2026, which will increase capacity and capabilities for advanced products.
NVE extended its supplier partnering agreement with Abbott for two years through December 31st, 2027, including price increases for 2026 and 2027.
Distributor sales are increasing, indicating depleted inventories and rising end-user demand. The company anticipates a full-year tax rate of 16%-17% for fiscal 2026, benefiting from advanced manufacturing investment tax credits and accelerated R&D expense deductions.

Jan 21, 2026, 10:00 PM

Transcript

NVEC Reports Strong Q3 FY2026 Revenue and Earnings Growth

NVEC

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

NVE Corporation reported a 23% increase in revenue and an 11% increase in earnings for the third quarter of fiscal 2026, driven by a 16% increase in product sales and a 335% increase in contract R&D revenue.
Gross margin for the quarter was 79%, a decrease from 84% in the prior year due to product mix and higher distributor sales, while total operating expenses decreased 12%.
The company completed installation of new equipment, expected to be in service by March 31st, enhancing capacity and capabilities for advanced wafer-level chip scale package parts, with a focus on markets like the Internet of Things and Artificial Intelligence of Things.
NVE secured a two-year extension of its supplier partnering agreement with Abbott Laboratories through December 31st, 2027, which includes price increases for 2026 and 2027.
Distributor sales are showing positive momentum, indicating depleted inventories and increasing end-user demand, contributing to a positive outlook for future sales.

Jan 21, 2026, 10:00 PM

Transcript

NVEC Reports Strong Q3 2026 Results with Revenue and Earnings Growth

NVEC

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

NVEC reported a 23% increase in revenue and an 11% increase in earnings for the third quarter of fiscal 2026 compared to the prior year quarter, driven by broad-based growth across product sales and contract R&D revenue.
The company completed the installation of new equipment, which is expected to be in service by March 31st, 2026, to increase capacity and capabilities for advanced spintronic devices, targeting emerging markets such as the Internet of Things and Artificial Intelligence of Things.
NVEC extended its supplier partnering agreement with Abbott for two years through December 31st, 2027, which includes price increases for 2026 and 2027.
Distributor sales are picking up, indicating that semiconductor inventories have been depleted and end-user demand is increasing.

Jan 21, 2026, 10:00 PM

Transcript

NVE Corporation Reports Third Quarter Results and Announces Quarterly Dividend

NVEC

Earnings

Dividends

Revenue Acceleration/Inflection

NVE Corporation reported a 23% increase in total revenue to $6.22 million for the third quarter of fiscal 2026, ended December 31, 2025, with product sales up 16% and contract research and development revenue up 335%.
Net income for the third quarter of fiscal 2026 increased 11% to $3.38 million, or $0.70 per diluted share.
For the first nine months of fiscal 2026, total revenue increased 0.4% to $18.7 million, while net income decreased 8% to $10.3 million, or $2.12 per diluted share.
The company announced a quarterly cash dividend of $1.00 per share, payable February 27, 2026.

Jan 21, 2026, 9:05 PM

Press Release

NVE Corporation Reports Strong Q3 FY2026 Results and Declares Dividend

NVEC

Earnings

Dividends

Revenue Acceleration/Inflection

NVE Corporation announced a 23% increase in total revenue to $6.22 million for the third quarter of fiscal 2026, up from $5.06 million in the prior-year quarter, driven by a 16% increase in product sales and a 335% increase in contract research and development revenue.
Net income for Q3 FY2026 increased 11% to $3.38 million, or $0.70 per diluted share, compared to $3.05 million, or $0.63 per share, for the prior-year quarter.
For the first nine months of fiscal 2026, total revenue increased by 0.4% to $18.7 million, while net income decreased by 8% to $10.3 million, or $2.12 per diluted share, compared to the same period in fiscal 2025.
The company's Board of Directors approved a quarterly cash dividend of $1.00 per share of common stock, payable on February 27, 2026, to shareholders of record as of February 2, 2026.

Jan 21, 2026, 9:04 PM

8-K

NVE Corporation Reports Second Quarter Fiscal 2026 Results and Declares Quarterly Dividend

NVEC

Earnings

Dividends

Demand Weakening

NVE Corporation reported a 6% decrease in total revenue to $6.35 million and an 18% decrease in net income to $3.31 million, or $0.68 per diluted share, for the second quarter of fiscal 2026 compared to the prior-year quarter.
For the first six months of fiscal 2026, total revenue decreased 8% to $12.5 million, and net income decreased 15% to $6.89 million, or $1.42 per diluted share, compared to the prior-year period.
The decline in second-quarter revenue was primarily driven by a 68% decrease in contract research and development revenue, partially offset by a 1% increase in product sales; however, the company noted a 4% sequential increase in revenue.
The company announced a quarterly cash dividend of $1.00 per share, payable on November 28, 2025, to shareholders of record as of November 3, 2025.

Oct 22, 2025, 8:05 PM

Press Release

NVE Corporation Reports Q2 2026 Results and Declares Quarterly Dividend

NVEC

Earnings

Dividends

Demand Weakening

NVE Corporation reported a 6% decrease in total revenue to $6.35 million for the second quarter of fiscal 2026, primarily due to a 68% decrease in contract research and development revenue, partially offset by a 1% increase in product sales.
Net income for Q2 FY2026 decreased 18% to $3.31 million, or $0.68 per diluted share, compared to the prior-year quarter.
For the first six months of fiscal 2026, total revenue decreased 8% to $12.5 million, and net income decreased 15% to $6.89 million, or $1.42 per diluted share.
The company announced a quarterly cash dividend of $1.00 per share, payable November 28, 2025, to shareholders of record as of November 3, 2025.
NVE President and CEO noted a 4% sequential increase in revenue for the quarter, driven by strong increases in distributor and non-defense sales.