NVEC on Nasdaq

NVE CORP /NEW/

American semiconductors and related devices company based in Eden Prairie2

In its 2026 annual report the company says: “We manufacture high-performance spintronic products including sensors and couplers that are used to acquire and transmit data.”5 Its shares trade on Nasdaq under the symbol NVEC.2

Price unavailable

Last updated Oct 20, 2026.

Overview

$26.3MRevenue, fiscal 20263
$15.2MNet income, fiscal 20263

Compare with GSI TECHNOLOGY INC, SuperCom Ltd or Guerrilla RF, Inc., or pick any stock.

  • TickerNVEC on Nasdaq2
  • IndustrySemiconductors & Related Devices2
  • HeadquartersEden Prairie, United States2
  • Incorporated inMN4
  • Business address11409 Valley View Road, Eden Prairie, Mn 553444
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formCorporation2
  • LEI5299003C1ATTWX8X01122
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address11409 Valley View Road, 55344 Eden Prairie, United States2
  • Registered withOffice of the Minnesota Secretary of State Business & Lien system, 4C-342

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NVE Corporation, referred to as NVE, we, us, or our, develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. We manufacture high-performance spintronic products including sensors and couplers that are used to acquire and transmit data.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

78.7%Gross margin3
60.5%Operating margin3
57.7%Net margin3
1.8%Revenue growth, 20263
26.1%Return on equity3
$14.5MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue21¢$5.6M
  • Research and development12¢$3.2M
  • Income tax10¢$2.6M
  • Profit57¢$15.2M

Out of $26.3M in revenue.3

Where each dollar of operating cash went, fiscal 2026

  • Capital spending10¢$2.2M
  • Dividends paid90¢$19.3M

Out of $16.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue6789103$26.3M in 2026−1% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $26.5M$26.5M20192020: $25.4M$25.4M2020−4%2021: $21.4M$21.4M2021−16%2022: $27.0M$27.0M2022+26%2023: $38.3M$38.3M2023+42%2024: $29.8M$29.8M2024−22%2025: $25.9M$25.9M2025−13%2026: $26.3M$26.3M2026+2%
Gross profit611789103$20.7M in 2026−2% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $21.3M$21.3M20192020: $20.5M$20.5M2020−3%2021: $17.2M$17.2M2021−16%2022: $20.7M$20.7M2022+20%2023: $30.2M$30.2M2023+46%2024: $23.0M$23.0M2024−24%2025: $21.6M$21.6M2025−6%2026: $20.7M$20.7M2026−4%
Operating income611789103$15.9M in 2026−0% since 2019
0$10.0M$20.0M$30.0M2019: $15.9M$15.9M20192020: $15.5M$15.5M2020−3%2021: $12.7M$12.7M2021−18%2022: $16.3M$16.3M2022+28%2023: $25.6M$25.6M2023+57%2024: $18.5M$18.5M2024−28%2025: $16.0M$16.0M2025−14%2026: $15.9M$15.9M2026−0%
Net income1211789103$15.2M in 2026+321% since 2019
0$10.0M$20.0M$30.0M2019: $3.6M$3.6M20192020: $14.5M$14.5M2020+303%2021: $11.7M$11.7M2021−19%2022: $14.5M$14.5M2022+24%2023: $22.7M$22.7M2023+56%2024: $17.1M$17.1M2024−25%2025: $15.1M$15.1M2025−12%2026: $15.2M$15.2M2026+1%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2026-03-312025-03-31
Product sales$25.2M$24.6M
Contract research and development$1.1M$1.2M
Total revenue, net$26.3M$25.9M
Cost of sales$5.6M$4.2M
Gross profit$20.7M$21.6M
Research and development$3.2M$3.6M
Selling, general, and administrative$1.7M$2.0M
Total expenses$4.8M$5.6M
Income from operations$15.9M$16.0M
Interest income$1.9M$1.9M
Other income$3.9K$135.4K
Income before taxes$17.8M$18.0M
Provision for income taxes$2.6M$3.0M
Net income$15.2M$15.1M
Net income per share - basic$3.14$3.12
Net income per share - diluted$3.14$3.11
Cash dividends declared per common share$4.00$4.00
Weighted Average Number of Shares Outstanding, Basic4.8M shares4.8M shares
Weighted Average Number of Shares Outstanding, Diluted4.8M shares4.8M shares

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Corporate structure

NVE CORP /NEW/ sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NVE CORP /NEW/

  • State Street Corporation Filed SCHEDULE 13G on NVE CORP /NEW/, latest Aug 7, 2026
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on NVE CORP /NEW/, latest Apr 30, 2026
  • ROYCE & ASSOCIATES LP Filed SCHEDULE 13G/A on NVE CORP /NEW/, latest Apr 27, 2026 (10 filings since Jan 21, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on NVE CORP /NEW/, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
  • KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on NVE CORP /NEW/, latest Nov 13, 2025 (6 filings since Feb 14, 2022)
  • MAIRS & POWER INC Filed SC 13G/A on NVE CORP /NEW/, latest Feb 14, 2022
  • NVE CORP /NEW/ Eden Prairie, Minnesota, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NVE CORP /NEW/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Leasehold improvements$2.1M3 Mar 31, 2026$2.0M3 Mar 31, 2025+5.3%
Property and equipment, before depreciation$13.8M3 Mar 31, 2026$11.8M3 Mar 31, 2025+17.7%
Accumulated depreciation$12.2M3 Mar 31, 2026$11.7M3 Mar 31, 2025+3.9%
Operating-lease assets (leased space)$793.8K3 Mar 31, 2026$917.3K3 Mar 31, 2025−13.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.7M3 Mar 31, 2026$8.0M3 Mar 31, 2025−78.7%
Marketable securities, current$18.1M3 Mar 31, 2026$13.7M3 Mar 31, 2025+32.4%
Marketable securities, non-current$23.7M3 Mar 31, 2026$26.3M3 Mar 31, 2025−10.0%
Debt securities available for sale$42.9M3 Mar 31, 2026$47.9M3 Mar 31, 2025−10.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$7.1M3 Mar 31, 2026$7.4M3 Mar 31, 2025−4.9%
Raw materials$1.4M3 Mar 31, 2026$1.6M3 Mar 31, 2025−15.6%
Work in process$3.3M3 Mar 31, 2026$3.6M3 Mar 31, 2025−9.1%
Finished goods$2.4M3 Mar 31, 2026$2.2M3 Mar 31, 2025+9.5%

Properties, in its own words

Our principal executive offices and manufacturing facility are located at 11409 Valley View Road, Eden Prairie, Minnesota, 55344, and leased under an agreement expiring May 31, 2031. The space consists of 21,362 square feet of offices, laboratories, and production areas. We completed a production expansion in the facility in 2025, and we currently believe the facility will meet our needs through the term of the lease. We hold no investments in real estate.

Item 2 of the 10-K filed May 6, 2026.5

Leadership

Who has led NVE CORP /NEW/, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Curt A. Reynders2006–2021
2010201520202025
Board members and other officers (11)

Former names

  • PREMIS CORPOct 4, 1995 to Aug 14, 20004

Timeline

  1. Aug 10, 20268-K Executive or director change; Shareholder vote27
  2. Jul 22, 20268-K Results of operations; Other events28
  3. Jun 22, 20268-K Executive or director change; Other events29
  4. May 6, 20268-K Results of operations; Other events30
  5. Jan 21, 20268-K Results of operations; Other events31
  6. Dec 17, 20258-K Entered a material agreement32
  7. Oct 22, 20258-K Results of operations; Other events33
  8. Aug 12, 20258-K Shareholder vote34
  9. Jul 23, 20258-K Results of operations; Other events35
  10. May 7, 20258-K Results of operations; Other events36
  11. Feb 13, 20258-K Entered a material agreement37
  12. Jan 22, 20258-K Results of operations; Other events38

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/202639

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results28
  2. May 6, 2026Reported quarterly or annual results30
  3. Jan 21, 2026Reported quarterly or annual results31
  4. Oct 22, 2025Reported quarterly or annual results33
  5. Jul 23, 2025Reported quarterly or annual results35
  6. May 7, 2025Reported quarterly or annual results36
  7. Jan 22, 2025Reported quarterly or annual results38
  8. Oct 23, 2024Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

163 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 44 insider forms, 27 large holders, 34 other. The latest 20:

  1. Sep 9, 20264 PRIMARY DOCUMENT EDGAR
  2. Aug 27, 20264 PRIMARY DOCUMENT EDGAR
  3. Aug 20, 20264 PRIMARY DOCUMENT EDGAR
  4. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  5. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 10, 20268-K NVE CORP - FORM 8-K SEC FILING EDGAR
  7. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  10. Aug 7, 2026SCHEDULE 13G EDGAR
  11. Jul 29, 20264 PRIMARY DOCUMENT EDGAR
  12. Jul 29, 20264 PRIMARY DOCUMENT EDGAR
  13. Jul 27, 2026144 EDGAR
  14. Jul 22, 202610-Q NVE CORP - FORM 10-Q SEC FILING EDGAR
  15. Jul 22, 20268-K NVE CORP - FORM 8-K SEC FILING EDGAR
  16. Jun 22, 20268-K NVE CORP - FORM 8-K SEC FILING EDGAR
  17. Jun 22, 2026DEF 14A NVE CORPORATION - FORM DEF 14A SEC FILING EDGAR
  18. Jun 22, 2026DEFA14A NOTICE OF AVAILABILITY EDGAR
  19. Jun 22, 2026DEFA14A NOTICE OF 2026 ANNUAL MEETING OF SHAREHOLDERS EDGAR
  20. Jun 22, 2026DEFA14A SHAREHOLDER LETTER EDGAR

The 163 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 4 buys and 16 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 8, 2026BAKER DANIEL ADirectorSale21,140$101.49$2.1MForm 4
Aug 27, 2026BAKER DANIEL ADirectorSale4,000$109.50$438.0KForm 4
Aug 25, 2026BAKER DANIEL ADirectorSale1,731$107.00$185.2KForm 4
Aug 17, 2026BAKER DANIEL ADirectorSale1,500$121.50$182.2KForm 4
Jul 29, 2026BAKER DANIEL ADirectorSale15,222$114.08$1.7MForm 4
Jul 28, 2026BAKER DANIEL ADirectorSale3,260$117.57$383.3KForm 4
Jul 27, 2026BAKER DANIEL ADirectorSale1,518$117.56$178.5KForm 4
Jan 29, 2026BAKER DANIEL ADirectorSale103$72.25$7.4KForm 4
Jan 27, 2026BAKER DANIEL ADirectorSale1,155$74.04$85.5KForm 4
Apr 4, 2025BRACKE JAMES WDirectorBuy100$57.97$5.8KForm 4
Nov 5, 2024GLARNER TERRENCEDirectorSale500$73.46$36.7KForm 4
Aug 15, 2024GLARNER TERRENCEDirectorSale344$78.71$27.1KForm 4
Jun 11, 2024GLARNER TERRENCEDirectorSale200$75.75$15.2KForm 4
Jan 25, 2024GLARNER TERRENCEDirectorSale275$78.67$21.6KForm 4
May 15, 2023HOLLISTER PATRICIA MDirectorSale2,000$86.20$172.4KForm 4
May 10, 2023BAKER DANIEL ADirectorSale20,000$87.17$1.7MForm 4
Mar 3, 2023GLARNER TERRENCEDirectorSale1,000$78.16$78.2KForm 4
May 9, 2022BRACKE JAMES WDirectorBuy100$46.30$4.6KForm 4
Feb 4, 2022BRACKE JAMES WDirectorBuy100$58.00$5.8KForm 4
Jan 25, 2022BRACKE JAMES WDirectorBuy300$60.90$18.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Daniel A. Baker$449.9K$585.8K47
2026Peter G. Eames$250.0K$311.0K47
2026Daniel Nelson$120.0K$120.0K47
2025President and CEO$435.5K$586.5K47
2025Vice PresidentAdvanced Technology$240.0K$301.7K47
2025Principal Financial Officer$110.0K$110.0K47
2024President and CEO$419.6K$578.0K47
2024Vice PresidentAdvanced Technology$227.9K$295.5K47
2024Principal Financial Officer$90.0K$95.0K47

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Defiance ETFs, LLC635,270$67.3M0.9%+54,775
BlackRock, Inc.423,551$44.3M0.0%+52,483
State Street Corp375,038$39.2M0.0%+192,670
Vanguard Capital Management LLC215,601$22.5M0.0%+5,103
Vanguard Portfolio Management LLC195,475$20.4M0.0%+33,546
Renaissance Technologies LLC170,730$17.8M0.0%−2,870
Geode Capital Management, LLC157,106$16.4M0.0%+11,845
Ranger Investment Management, L.P.121,341$12.7M0.8%+1,171
Dimensional Fund Advisors LP109,017$11.4M0.0%+10,444
Punch & Associates Investment Management, Inc.81,215$8.5M0.4%−22,354
Royce & Associates LP80,366$8.4M0.1%−148,931
Two Sigma Investments, LP76,384$8.0M0.0%−3,226
Morgan Stanley75,366$7.9M0.0%+39,802
Russell Investments Group, Ltd.71,293$7.5M0.0%−1,943
Silverberg Bernstein Capital Management LLC69,220$7.2M2.8%−553
Marshall Wace, Llp67,167$7.0M0.0%+23,691
Goldman Sachs Group Inc57,022$6.0M0.0%+16,616
Isthmus Partners, LLC49,980$5.2M0.5%−123
Deutsche Bank Ag\49,876$5.2M0.0%+1,177
Bank of New York Mellon Corp46,671$4.9M0.0%+538
Northern Trust Corp46,192$4.8M0.0%+1,802
Merrion Investment Management Co, LLC43,265$4.5M2.1%+565
Bridge City Capital, LLC39,954$4.2M1.0%−1,291
Los Angeles Capital Management LLC35,080$3.7M0.0%−7,141
Vanguard Fiduciary Trust Co35,058$3.7M0.0%−147

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How NVE CORP /NEW/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNVE CORP /NEW/1
  • CIK0000724910
  • Employer ID (EIN)41-14242025
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inMinnesota5
  • Fiscal year endsMarch 311
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address11409 Valley View Road, Eden Prairie, MN 553441
  • Phone95282992171
  • Shares outstanding4,837,166 as of Jun 30, 202615
  • Public float$217.0M as of 5
  • AuditorBoulay PLLP, Minneapolis, Minnesota PCAOB ID 542; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceAug 14, 19951
  • Filings836 in all: 4 (222), 8-K (157), SC 13G/A (84), 10-Q (64), DEFA14A (59), 10QSB (30), DEF 14A (30), SC 13G (27)1
    All 33 form types

    CT ORDER (25), 8-K/A (24), 10-K (21), SD (13), 10KSB (10), 144 (9), SC 13D/A (9), 3 (8), SCHEDULE 13G/A (8), SC 13D (5), UPLOAD (5), 10QSB/A (3), 4/A (3), CORRESP (3), 10-Q/A (2), 424B3 (2), PRE 14A (2), S-2/A (2), S-8 (2), SCHEDULE 13G (2), 10-K/A (1), 424B1 (1), PREM14A (1), S-2 (1), S-3 (1)

  • Latest filingsAnnual report (10-K) May 6, 2026
    Quarterly report (10-Q) Jul 22, 2026
    Proxy statement (DEF 14A) Jun 22, 2026
    Latest 8-K (8-K) Aug 10, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueNVECNASDAQ

From the cover page of the 10-K filed May 6, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks NVE CORP /NEW/ names in Item 1A of its 10-K filed May 6, 2026: 16 risks under these headings, as written.5

  • The loss of supply from any of our key single-source wafer suppliers could substantially impact our ability to produce and deliver products and seriously harm our business and financial condition.
  • We risk losing business to our competitors.
  • Failure to meet stringent customer requirements could result in the loss of key customers and reduce our sales.
  • Changes in tax law, in our tax rates, or in exposure to additional income tax liabilities may materially and adversely affect our financial condition, results of operations, and cash flows.
  • Changes in state regulatory requirements may materially and adversely affect our financial condition, results of operations, and cash flows.
  • Some of our products are incorporated into medical devices, which could expose us to a risk of product liability claims and such claims could seriously harm our business and financial condition.
  • Federal legislation may not protect us against liability for the use of our products in medical devices and a successful liability claim could seriously harm our business and financial condition.
  • We may lose revenue if we are unable to maintain important certifications.
  • We may lose business and revenue if our critical production equipment fails.
  • We are subject to risks inherent in doing business in foreign countries that could impair our results of operations.
  • Public health crises could have an adverse effect on our operations and financial results.
  • Our business could be negatively impacted by cybersecurity events or information technology disruptions.
The other 4 risks
  • We face the risk of credit losses
  • We could incur losses on our marketable securities.
  • Risks Related to Our Industry
  • We face an uncertain economic environment in the industries we serve, which could adversely affect our business.
  • Our business and our reliance on intellectual property exposes us to litigation risks.
  • Risks Related to Our Stock
  • Any decisions to reduce or discontinue paying cash dividends to our shareholders could cause the market price of our common stock to decline.

Legal proceedings

In the ordinary course of business, we may become involved in litigation. At this time, we are not aware of any material pending or threatened legal proceedings or other proceedings contemplated by governmental authorities that we expect would have a material adverse impact on our future results of operation and financial condition.ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

The opening of Item 3, Legal Proceedings.5

Sources

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