NVE Corporation (Nasdaq: NVEC) Q1 revenue jumps 81% and net income 79%

Rhea-AI Filing Summary

NVE Corporation reported very strong results for the quarter ended June 30, 2026, the first quarter of fiscal 2027. Total revenue increased 81% to $11,034,057 from $6,104,644 in the prior-year quarter, driven by an 82% increase in product sales to $10,734,735 and a 53% increase in contract research and development revenue to $299,322.

Net income rose 79% to $6,394,191, or $1.32 per basic and diluted share, compared with $3,575,818, or $0.74 per share, a year earlier. Gross profit nearly doubled to $8,968,012 from $4,922,121, while operating expenses grew more modestly to $1,702,176. Income from operations was $7,265,836 and income before taxes was $7,715,756.

As of June 30, 2026, total assets were $62,116,940 and shareholders’ equity was $59,779,790, with total liabilities of $2,337,150. The Board approved a quarterly cash dividend of $1.00 per share, payable August 31, 2026 to shareholders of record on August 3, 2026.

Positive

• Total revenue increased 81% year over year to $11,034,057, with strong growth in both product sales and contract research and development.
• Net income rose 79% to $6,394,191, with earnings of $1.32 per share compared to $0.74 a year earlier.
• The Board declared a quarterly cash dividend of $1.00 per share, reinforcing ongoing cash returns to shareholders.
• The balance sheet shows total assets of $62,116,940 and shareholders’ equity of $59,779,790, with relatively low total liabilities of $2,337,150.

Negative

• None.

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

Total Revenue: $11,034,057 Net Income: $6,394,191 Earnings Per Share: $1.32 +4 more

7 metrics

Total Revenue $11,034,057 Quarter ended June 30, 2026; up 81% from $6,104,644 in prior-year quarter

Net Income $6,394,191 Quarter ended June 30, 2026; up 79% from $3,575,818 in prior-year quarter

Earnings Per Share $1.32 Basic and diluted EPS for the quarter ended June 30, 2026; prior-year quarter was $0.74

Quarterly Dividend $1.00 per share Cash dividend on common stock payable August 31, 2026 to shareholders of record August 3, 2026

Gross Profit $8,968,012 Quarter ended June 30, 2026; prior-year quarter gross profit was $4,922,121

Total Assets $62,116,940 Balance sheet as of June 30, 2026

Shareholders’ Equity $59,779,790 Balance sheet as of June 30, 2026; equity component of capitalization

Key Terms

spintronics, contract research and development, right-of-use asset – operating lease, deferred tax liabilities, +1 more

5 terms

spintronics technical

"NVE is a leader in the practical commercialization of spintronics, a nanotechnology..."

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 an 82% increase in product sales and a 53% increase in contract research and development revenue."

right-of-use asset – operating lease financial

"Right-of-use asset – operating lease | | | 763,080 | | | | 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.

deferred tax liabilities financial

"Deferred tax liabilities | | | 128,217 | | | | 248,284 |"

An accounting entry that records taxes a company will likely have to pay in the future because the way profit is reported for investors (financial accounts) differs from how taxable income is calculated today. It matters to investors because it signals real future cash outflows that will reduce funds available for dividends, debt repayment or investment—think of it as a bill put on layaway that the company still must settle later, affecting valuation and financial strength.

accumulated other comprehensive income (loss) financial

"Accumulated other comprehensive income (loss) | | | (72,793 | ) |"

A balance-sheet line that tracks certain gains and losses that haven’t flowed through the company’s profit-and-loss statement, such as unrealized changes in the value of investments, foreign-currency adjustments, and some pension-related items. Think of it like a storage closet for value swings the company hasn’t ‘realized’ by selling or settling them yet; it changes shareholders’ equity and helps investors see hidden volatility or potential future impacts on book value.

Earnings Snapshot

Total revenue: $11,034,057

Quarter ended June 30, 2026 (first quarter of fiscal 2027)

Total revenue $11,034,057 Increased 81% from $6,104,644 in the prior-year quarter

Net income $6,394,191 Increased 79% from $3,575,818 in the prior-year quarter

EPS (basic and diluted) $1.32 Increased from $0.74 in the prior-year quarter

Product sales revenue $10,734,735 Increased 82% from $5,908,570 in the prior-year quarter

Contract R&D revenue $299,322 Increased 53% from $196,074 in the prior-year quarter

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Available on EDGAR 07/22/2026 - 04:05 PM Accepted by SEC EDGAR 07/22/2026 - 04:05 PM Learn about SEC filing dates

FAQ

How did NVE Corporation (NVEC) perform in the quarter ended June 30, 2026?

NVE Corporation reported total revenue of $11,034,057, up 81% from $6,104,644 a year earlier. Net income was $6,394,191, a 79% increase from $3,575,818, reflecting strong growth in both product sales and contract R&D.

What were NVE Corporation (NVEC)’s earnings per share for the quarter?

Earnings per share were $1.32 basic and diluted, compared with $0.74 in the prior-year quarter. This reflects the 79% increase in net income to $6,394,191 on relatively stable weighted average shares outstanding.

How did NVE Corporation (NVEC)’s revenue mix change year over year?

Product sales increased 82% to $10,734,735, while contract research and development revenue rose 53% to $299,322. Both segments contributed to the overall 81% revenue growth to $11,034,057 for the quarter ended June 30, 2026.

What dividend did NVE Corporation (NVEC) declare and when will it be paid?

The Board approved a $1.00 per share quarterly cash dividend on common stock. It is payable on August 31, 2026 to shareholders of record as of August 3, 2026, continuing regular cash distributions.

What does NVE Corporation (NVEC)’s balance sheet look like after the quarter?

As of June 30, 2026, NVE reported total assets of $62,116,940 and shareholders’ equity of $59,779,790. Total liabilities were $2,337,150, including modest current liabilities and lease-related obligations.

How profitable was NVE Corporation (NVEC)’s core business this quarter?

Income from operations was $7,265,836, up from $3,783,250 in the prior-year quarter. Gross profit nearly doubled to $8,968,012, while operating expenses rose to $1,702,176, supporting significantly higher operating profitability.

0000724910 false 0000724910 2026-07-22 2026-07-22

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)  July 22, 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 ended June 30, 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 August 31, 2026 to shareholders of record as of August 3, 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  July 22, 2026 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 ended June 30, 2026 and announcing a quarterly dividend.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

4

 

NVE 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

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

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 PRESS RELEASE 68.3 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