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NVEC

NVE Corporation

NVEC

NVE Corporation • NASDAQ
$63.94 ▲ 2.03% (+1.27)
Market Cap $309.29 M
52w High $88.50
52w Low $51.50
Dividend Yield 4.00%
P/E 22.44
Volume 49.70K
Outstanding Shares 4.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $6.347M ▲ $1.31M ▲ $3.311M ▼ 52.164% ▼ $0.68 ▼ $4.235M ▲
Q1-2026 $6.105M ▼ $1.139M ▼ $3.576M ▼ 58.575% ▲ $0.74 ▼ $3.869M ▼
Q4-2025 $7.27M ▲ $1.506M ▲ $3.892M ▲ 53.542% ▼ $0.8 ▲ $4.331M ▲
Q3-2025 $5.063M ▼ $1.304M ▼ $3.048M ▼ 60.209% ▲ $0.63 ▼ $3.045M ▼
Q2-2025 $6.759M $1.416M $4.026M 59.57% $0.83 $4.478M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $17.748M ▲ $61.49M ▼ $1.777M ▼ $59.713M ▼
Q1-2026 $15.83M ▼ $63.554M ▼ $2.464M ▲ $61.09M ▼
Q4-2025 $21.728M ▲ $64.276M ▼ $2.007M ▲ $62.269M ▼
Q3-2025 $20.393M ▼ $64.589M ▼ $1.616M ▲ $62.972M ▼
Q2-2025 $22.932M $65.878M $1.02M $64.858M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $3.311M ▼ $2.793M ▼ $3.93M ▲ $-4.837M $1.885M ▲ $2.722M ▼
Q1-2026 $3.576M ▼ $5.191M ▲ $-5.168M ▼ $-4.837M $-4.814M ▼ $4.132M ▲
Q4-2025 $3.892M ▲ $2.482M ▼ $4.906M ▲ $-4.837M ▼ $2.551M ▲ $2.388M ▼
Q3-2025 $3.048M ▼ $3.842M ▲ $3.268M ▲ $-4.721M ▲ $2.39M ▲ $3.805M ▲
Q2-2025 $4.026M $2.133M $-208.803K $-4.834M $-2.909M $1.924M

Revenue by Products

Product Q3-2022Q4-2022Q1-2023Q2-2023
Contract Research and Development
Contract Research and Development
 $0 ▲$0 ▲$0 ▲$0 ▲
Product
Product
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue over the past several years has been relatively stable with only modest swings, which suggests a mature, niche business rather than a fast-scaling one. Profitability looks healthy: the company tends to convert a large share of its sales into profit, reflecting strong pricing power and disciplined cost control. That said, earnings per share peaked a couple of years ago and have slipped since, indicating that while the core business remains profitable, growth has cooled and results are more treading water than accelerating. Overall, this is a high-margin but low-growth income profile, with sensitivity to even small changes in demand or pricing.

Balance Sheet

Balance Sheet The balance sheet appears conservative and clean. The company operates with no debt, relying on shareholders’ equity to fund the business, which reduces financial risk and interest burden. Assets and equity have been steady over time, pointing to a business that is not aggressively expanding but also not shrinking. Cash levels are modest but consistent, enough to provide some cushion without being excessive. In short, the financial position looks sound and low-leverage, but not flush with excess capital for large-scale expansion.

Cash Flow

Cash Flow Cash generation from operations is consistently positive and closely tracks reported profits, which is a good sign for earnings quality. Free cash flow is also positive and fairly stable, helped by very light capital spending needs. This “asset‑light” model means the company does not have to pour large sums into factories or heavy equipment to maintain its business. The flip side is that cash flows, while solid, are not rapidly growing, so the company’s ability to expand or return more capital over time depends mainly on improving demand and pricing rather than big internal efficiency gains.

Competitive Edge

Competitive Edge NVE occupies a specialized corner of the semiconductor market, focused on spintronic sensors and couplers where performance, reliability, and power efficiency really matter. Its technology, patent portfolio, and long history in spintronics create meaningful barriers to entry, especially for smaller would‑be competitors. The company serves demanding niches such as industrial, medical, aerospace, and certain automotive and IoT uses, where customers tend to be sticky once NVE’s parts are designed into their systems. This gives NVE a defensible moat and supports high margins. However, the niche nature of the business also limits scale, leaves it exposed to swings in a relatively narrow set of end markets, and could attract larger semiconductor players if these niches become more lucrative.

Innovation and R&D

Innovation and R&D Innovation is the heart of NVE’s story. The company has been an early mover in spintronics and continues to push forward in areas like advanced magnetoresistive sensors, TMR technology, wafer‑level chip‑scale packaging, and rare‑earth‑free solutions. These efforts align well with long‑term trends in miniaturization, low power electronics, IoT devices, advanced medical implants, and more electronics in vehicles, especially electric ones. The company’s R&D is focused rather than broad, which is efficient but also concentrates risk: future growth depends heavily on NVE successfully commercializing its pipeline and staying ahead of alternative sensing technologies from much larger competitors. Still, its track record and patent base suggest a strong culture of engineering depth and sustained product development.

Summary

NVE combines a specialized technology base with a lean, profitable financial profile. Its income statement shows high margins but limited growth, while the balance sheet is debt‑free and conservative, and cash flows are steady and high quality. The competitive position is built on deep know‑how in spintronics, strong intellectual property, and entrenched roles in demanding applications, all of which support a durable but relatively small franchise. Ongoing innovation in sensors and couplers for industrial, medical, IoT, and automotive uses is the key lever for future expansion. The main trade‑offs to keep in mind are niche scale and reliance on continued technical leadership versus the strength of its moat, profitability, and financial prudence.

NEWS

October 22, 2025 · 4:05 PM UTC

NVE Corporation Reports Second Quarter Results and Announces Quarterly Dividend

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October 15, 2025 · 4:05 PM UTC

NVE Schedules Conference Call on Second Quarter Results

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