NVE Corporation (NASDAQ: NVEC) posts 2026 results, boosts Q4 profit

Rhea-AI Filing Summary

NVE Corporation reported modest full-year growth and stronger fourth-quarter results, and declared a cash dividend. Fourth-quarter fiscal 2026 revenue rose 5% to $7.65 million, driven by a 6% increase in product sales, while net income grew 27% to $4.93 million, or $1.02 per diluted share. For fiscal 2026, revenue increased 1.8% to $26.3 million and net income edged up 1% to $15.2 million, or $3.14 per diluted share. The Board approved a quarterly cash dividend of $1.00 per share, payable May 29, 2026 to shareholders of record on May 18, 2026. NVE highlighted continued strength in its spintronic sensors and couplers business and noted forward‑looking statement risks, including reliance on several large customers and economic conditions in its end markets.

Insights

Equity analyst

NVE shows solid Q4 momentum, flat full-year, and maintains cash returns.

NVE Corporation delivered a stronger fourth quarter, with revenue up 5% to $7.65 million and net income up 27% to $4.93 million. Growth came from higher product sales, partly offset by weaker contract research revenue.

For fiscal 2026, revenue increased 1.8% to $26.3 million, while net income rose 1% to $15.2 million, indicating largely stable profitability for the year. The balance sheet shows $42.0 million-plus in cash and marketable securities combined, supporting ongoing shareholder returns.

The announced $1.00 per-share quarterly dividend, payable on May 29, 2026, continues the company’s pattern of returning cash to shareholders. Future results will depend on sustaining product sales growth and managing exposure to a few large customers, as noted in the risk disclosures.

8-K Event Classification

2 items: 2.02, 8.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Q4 2026 total revenue: $7.65 million Q4 2026 net income: $4.93 million Fiscal 2026 total revenue: $26.33 million +5 more

8 metrics

Q4 2026 total revenue $7.65 million Quarter ended March 31, 2026; up 5% year over year

Q4 2026 net income $4.93 million Quarter ended March 31, 2026; up 27% year over year

Fiscal 2026 total revenue $26.33 million Year ended March 31, 2026; up 1.8% from prior year

Fiscal 2026 net income $15.20 million Year ended March 31, 2026; up 1% from prior year

Fiscal 2026 diluted EPS $3.14 per share Year ended March 31, 2026; compared to $3.11 in 2025

Quarterly dividend $1.00 per share Payable May 29, 2026 to holders of record May 18, 2026

Total assets $60.38 million Balance sheet as of March 31, 2026

Cash and marketable securities $42.31 million Cash and cash equivalents plus short- and long-term securities at March 31, 2026

Key Terms

spintronics, contract research and development, retained earnings, right-of-use asset – operating lease, +1 more

5 terms

spintronics technical

"NVE is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin"

Spintronics is a branch of electronics that uses the magnetic property of electrons, called spin, in addition to their electrical charge to store and process information. For investors, it matters because devices that exploit spin can be faster, use less power, and hold data without continuous electricity—like switching from a lightbulb that needs power to stay on to one that remembers its state—creating opportunities in memory, sensors and low-power computing markets.

contract research and development financial

"The increase was due to a 6% increase in product sales, partially offset by a 19% decrease in contract research and development revenue"

retained earnings financial

"Retained earnings | | | 38,318,368 | | | | 42,467,837"

Retained earnings are the cumulative portion of a company's profits that management keeps instead of distributing to shareholders as dividends; they appear on the balance sheet as part of owners’ value. For investors, retained earnings matter because they act like a company’s savings account—funding growth, paying down debt, or supporting future dividends—and their size and changes reveal how profitable the business has been and how management chooses to use those profits.

right-of-use asset – operating lease financial

"Right-of-use asset – operating lease | | | 793,794"

An operating lease right-of-use asset is the value a company records on its balance sheet for the contractual right to use a rented asset (like a building, equipment, or vehicle) over the lease term. It matters to investors because it increases reported assets and creates a corresponding lease liability, changing measures of leverage and asset intensity—think of it as tracking the worth of a long-term rental the company depends on, which affects balance sheet strength and how cash flows are presented.

forward-looking statements regulatory

"Statements used in this press release that relate to future plans, events, financial results, or performance are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Earnings Snapshot

Q4 2026 Revenue: $7.65 million

Quarter and year ended March 31, 2026

Q4 2026 Revenue $7.65 million +5% YoY

Q4 2026 Net Income $4.93 million +27% YoY

FY 2026 Revenue $26.33 million +1.8% YoY

FY 2026 Net Income $15.20 million +1% YoY

Understanding 8-K Material Events →

0000724910 false 0000724910 2026-05-06 2026-05-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  May 6, 2026

NVE Corporation
(Exact name of registrant as specified in its charter)

Minnesota	000-12196	41-1424202
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

	11409 Valley View Road, Eden Prairie, Minnesota	55344
	(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (952) 829-9217

                                                                                                                                
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	NVEC	The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02. Results of Operations and Financial Condition.

Furnished as Exhibit 99 is a press release of NVE Corporation reporting results for the quarter and fiscal year ended March 31, 2026.

Item 8.01. Other Events.

NVE Corporation announced that its Board of Directors approved a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable May 29, 2026 to shareholders of record as of May 18, 2026.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

Date  May 7, 2025 NVE CORPORATION
(Registrant)

 /s/ DANIEL NELSON
Daniel Nelson
Principal Financial Officer

3

INDEX TO EXHIBITS

Exhibit #	Description
99	Press release of NVE Corporation reporting results for the quarter and fiscal year ended March 31, 2026 and announcing a quarterly dividend.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

4

 

NVE Corporation Reports Fourth Quarter and Fiscal Year Results
and Announces Quarterly Dividend

EDEN PRAIRIE, Minn.—May 6, 2026—NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter and fiscal year ended March 31, 2026.

Total revenue for the fourth quarter of fiscal 2026 increased 5% to $7.65 million from $7.27 million for the prior-year quarter. The increase was due to a 6% increase in product sales, partially offset by a 19% decrease in contract research and development revenue. Net income for the fourth quarter of fiscal 2026 increased 27% to $4.93 million, or $1.02 per diluted share, compared to $3.89 million, or $0.80 per share, for the prior-year quarter.

For fiscal 2026, total revenue increased 1.8% to $26.3 million, compared to $25.9 million in the prior year. The increase was due to a 2.4% increase in product sales, partially offset by an 11% decrease in contract research and development revenue. Net income for fiscal 2026 increased 1% to $15.2 million, or $3.14 per diluted share, from $15.1 million, or $3.11 per share, for fiscal 2025.

The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable May 29, 2026 to shareholders of record as of May 18, 2026.

“We’re pleased to report strong revenue and earnings growth for the second consecutive quarter,” 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, 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 AND YEARS ENDED MARCH 31, 2026 AND 2025
	Quarter Ended March 31,
	2026				2025
Revenue
Product sales	$	7,395,903			$	6,951,322
Contract research and development		258,903				318,393
Total revenue, net		7,654,806				7,269,715
Cost of sales		1,705,758				1,515,410
Gross profit		5,949,048				5,754,305
Expenses
Research and development		771,197				1,039,711
Selling, general, and administrative		443,095				465,818
Total expenses		1,214,292				1,505,529
Income from operations		4,734,756				4,248,776
Interest income		447,433				476,650
Other income		-				313
Income before taxes		5,182,189				4,725,739
Provision for income taxes		254,292				833,365
Net income	$	4,927,897			$	3,892,374
Net income per share – basic	$	1.02			$	0.80
Net income per share – diluted	$	1.02			$	0.80
Weighted average shares outstanding
Basic		4,837,166				4,837,166
Diluted		4,839,328				4,839,194
	Year Ended March 31,
	2026				2025
Revenue
Product sales	$	25,221,918			$	24,632,102
Contract research and development		1,109,300				1,242,592
Total revenue, net		26,331,218				25,874,694
Cost of sales		5,599,454				4,235,780
Gross profit		20,731,764				21,638,914
Expenses
Research and development		3,160,483				3,635,519
Selling, general, and administrative		1,650,790				2,009,246
Total expenses		4,811,273				5,644,765
Income from operations		15,920,491				15,994,149
Interest income		1,891,925				1,909,218
Other income		3,905				135,370
Income before taxes		17,816,321				18,038,737
Provision for income taxes		2,617,126				2,974,221
Net income	$	15,199,195			$	15,064,516
Net income per share – basic	$	3.14			$	3.12
Net income per share – diluted	$	3.14			$	3.11
Weighted average shares outstanding
Basic		4,837,166				4,835,069
Diluted		4,839,169				4,839,154

NVE CORPORATION
BALANCE SHEETS
MARCH 31, 2026 AND 2025

		March 31, 2026				March 31, 2025
ASSETS
Current assets
Cash and cash equivalents		$	1,714,040			$	8,036,564
Marketable securities, short-term (amortized cost of $18,118,460 as of March 31, 2026, and $13,730,266 as of March 31, 2025)			18,125,060				13,691,593
Accounts receivable, net of allowance for credit losses of $15,000			3,408,941				3,589,268
Inventories, net			7,082,821				7,449,083
Prepaid expenses and other assets			1,860,415				433,414
Total current assets			32,191,277				33,199,922
Fixed assets
Machinery and equipment			13,843,799				11,758,205
Leasehold improvements			2,059,853				1,956,309
			15,903,652				13,714,514
Less accumulated depreciation			12,187,643				11,727,615
Net fixed assets			3,716,009				1,986,899
Deferred tax assets			-				1,867,069
Marketable securities, long-term (amortized cost of $23,726,027 as of March 31, 2026, and $26,353,692 as of March 31, 2025)			23,678,452				26,304,623
Right-of-use asset – operating lease			793,794				917,349
Total assets		$	60,379,532			$	64,275,862
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable		$	278,599			$	214,691
Accrued payroll and other			697,611				871,169
Operating lease			165,116				83,010
Total current liabilities			1,141,326				1,168,870
Deferred tax liabilities			248,284				-
Long-term operating lease liability			740,423				838,221
Total liabilities			2,130,033				2,007,091
Shareholders’ equity
Common stock			48,372				48,372
Additional paid-in capital			19,914,769				19,821,106
Accumulated other comprehensive loss			(32,010	)			(68,544	)
Retained earnings			38,318,368				42,467,837
Total shareholders’ equity			58,249,499				62,268,771
Total liabilities and shareholders’ equity		$	60,379,532			$	64,275,862

FAQ

How did NVE Corporation (NVEC) perform in Q4 fiscal 2026?

NVE’s Q4 fiscal 2026 revenue rose 5% to $7.65 million, with net income up 27% to $4.93 million. Earnings were $1.02 per diluted share, benefiting mainly from higher product sales and lower operating expenses versus the prior-year quarter.

What were NVE Corporation’s full-year 2026 financial results?

For fiscal 2026, NVE generated total revenue of $26.3 million, up 1.8% from the prior year, and net income of $15.2 million, up 1%. Diluted earnings per share were $3.14, slightly above fiscal 2025’s $3.11 per share.

What dividend did NVE Corporation (NVEC) declare in this filing?

NVE’s Board approved a $1.00 per share quarterly cash dividend on its common stock. The dividend is payable on May 29, 2026 to shareholders of record as of May 18, 2026, continuing the company’s cash return to investors.

How did product sales and contract R&D revenue trend for NVE in 2026?

In fiscal 2026, NVE’s product sales increased 2.4% to $25.22 million, while contract research and development revenue declined 11% to $1.11 million. The mix shift toward products supported stable overall revenue growth despite weaker research-related income.

What were NVE Corporation’s key profitability metrics for Q4 2026?

For Q4 2026, NVE reported $5.95 million in gross profit on $7.65 million of revenue, and income from operations of $4.73 million. After taxes, net income was $4.93 million, reflecting strong margins and lower operating expenses than the prior-year quarter.

What does NVE Corporation’s balance sheet look like at March 31, 2026?

As of March 31, 2026, NVE had total assets of $60.38 million, including $1.71 million in cash and $41.8 million in marketable securities. Shareholders’ equity was $58.25 million, with $38.32 million in retained earnings supporting its dividend capacity.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99 PRESS RELEASE 88.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT 16.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 10.5 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.3 KB