View on SEC.govNVE Corporation Reports First Quarter Results and Announces Quarterly Dividend
Revenue increases 81% and net income increases 79% EDEN PRAIRIE, Minn.—July 22, 2026—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. Contact: investor@nve.com
| Metric | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Eps Diluted | $0.83 | $0.63 | $0.80 | $0.74 | $0.68 | $0.70 | $1.02 | $1.32 |
| Eps Basic | $0.83 | $0.63 | $0.81 | $0.74 | $0.68 | $0.70 | $1.02 | $1.32 |
| Total Cost of Revenue | $947.25K | $797.62K | $1.52M | $1.18M | $1.38M | $1.33M | $1.71M | $2.07M |
| Gross Profit | $5.81M | $4.27M | $5.75M | $4.92M | $4.97M | $4.89M | $5.95M | $8.97M |
| Weighted Shares Basic | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M |
| Weighted Shares Diluted | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M |
| Total Revenue | $6.76M | $5.06M | $7.27M | $6.1M | $6.35M | $6.22M | $7.65M | $11.03M |
| Research and Development | $847.6K | $869.68K | $1.04M | $720.23K | $873.47K | $795.59K | $771.2K | $946.58K |
| Operating Income | $4.4M | $2.96M | $4.25M | $3.78M | $3.66M | $3.74M | $4.73M | $7.27M |
| Total Operating Expenses | $1.42M | $1.3M | $1.51M | $1.14M | $1.31M | $1.15M | $1.21M | $1.7M |
| Net Income | $4.03M | $3.05M | $3.89M | $3.58M | $3.31M | $3.38M | $4.93M | $6.39M |
| Interest Income | $464.43K | $474.18K | $476.65K | $498.21K | $484.33K | $461.95K | $447.43K | $449.92K |
| Income Tax Expense | $833.88K | $521.79K | $833.37K | $706.45K | $834.7K | $821.69K | $254.29K | $1.32M |
| Income Before Tax | $4.86M | $3.57M | $4.73M | $4.28M | $4.15M | $4.21M | $5.18M | $7.72M |
| Metric | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Cash and Equivalents | $3.1M | $5.49M | $8.04M | $3.22M | $5.11M | $3.41M | $1.71M | $2.9M |
| Short Term Investments | $28.28M | $29.7M | $26.3M | $31.69M | $27.84M | $23.44M | $23.68M | $22.14M |
| Accounts Receivable Net | $2.95M | $1.36M | $3.59M | $2.25M | $2.44M | $2.48M | $3.41M | $6.55M |
| Inventories | $7.42M | $7.79M | $7.45M | $7.45M | $7.42M | $7.27M | $7.08M | $6.67M |
| Prepaid and Other Current Assets | $533.23K | $736.48K | $433.41K | $630.17K | $1.16M | $756.72K | $1.86M | $685.92K |
| Other Prepaid Expense Current | $533.23K | $736.48K | $433.41K | $630.17K | $1.16M | $756.72K | $1.86M | $685.92K |
| Total Current Assets | $33.84M | $30.27M | $33.2M | $26.17M | $28.77M | $31.08M | $32.19M | $35.68M |
| Ppe Leasehold Improvements | $1.96M | $1.96M | $1.96M | $1.96M | $2.06M | $2.06M | $2.06M | $2.06M |
| Ppe Accumulated Depreciation | $11.56M | $11.65M | $11.73M | $11.81M | $11.9M | $12M | $12.19M | $12.42M |
| Property Plant Equipment Net | $11.63M | $11.66M | $11.76M | $12.82M | $12.78M | $13.83M | $13.84M | $13.9M |
| Total Assets | $65.88M | $64.59M | $64.28M | $63.55M | $61.49M | $59.96M | $60.38M | $62.12M |
| Accounts Payable | $170.08K | $154.68K | $214.69K | $177.21K | $229.53K | $226.86K | $278.6K | $265.95K |
| Accrued Expenses | $580.27K | $511.59K | $871.17K | $1.39M | $585.4K | $504.71K | $697.61K | $1.04M |
| Operating Lease Liabilities Current | $181.16K | $84.84K | $83.01K | $53.82K | $155.8K | $160.41K | $165.12K | $201.01K |
| Total Current Liabilities | $931.51K | $751.11K | $1.17M | $1.63M | $970.72K | $891.98K | $1.14M | $1.5M |
| Deferred Tax Assets | $1.52M | $1.69M | $0 | $1.85M | $1.08M | $722.6K | $248.28K | $128.22K |
| Other Deferred Tax Liabilities | — | — | $0 | — | — | — | $248.28K | $128.22K |
| Operating Lease Liabilities Non Current | $88.65K | $864.97K | $838.22K | $838.48K | $806.54K | $774K | $740.42K | $704.82K |
| Total Liabilities | $1.02M | $1.62M | $2.01M | $2.46M | $1.78M | $1.67M | $2.13M | $2.34M |
| Common Stock | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M |
| Additional Paid In Capital | $19.68M | $19.81M | $19.82M | $19.83M | $19.89M | $19.9M | $19.91M | $19.93M |
| Aoci | -$68.51K | -$295.36K | -$68.54K | $6.82K | $90.17K | $116.57K | -$32.01K | -$72.79K |
| Retained Earnings | $45.2M | $43.41M | $42.47M | $41.21M | $39.68M | $38.23M | $38.32M | $39.88M |
| Total Stockholders Equity | $64.86M | $62.97M | $62.27M | $61.09M | $59.71M | $58.3M | $58.25M | $59.78M |
| Total Liabilities and Equity | $65.88M | $64.59M | $64.28M | $63.55M | $61.49M | $59.96M | $60.38M | $62.12M |
| Current Assets Marketable Securities Current | $19.84M | $14.91M | $13.69M | $12.61M | $12.64M | $17.16M | $18.13M | $18.88M |
| Non Current Assets Marketable Securities Noncurrent | $28.28M | $29.7M | $26.3M | $31.69M | $27.84M | $23.44M | $23.68M | $22.14M |
| Operating Lease Rou Assets | $219.75K | $947.89K | $917.35K | $886.45K | $854.53K | $824.63K | $793.79K | $763.08K |
| Non Current Assets Operating Lease Right of Use Asset | $219.75K | $947.89K | $917.35K | $886.45K | $854.53K | $824.63K | $793.79K | $763.08K |
