NVE Corporation (NVEC) SEC Filings & Earnings Calls
EquiReason read 11 NVE Corporation SEC filings in the last 12 months. Latest: 10-Q on 2026-10-21 — NVE reported Q2 fiscal 2027 results: revenue -8% YoY, net income -4% YoY, with product sales declining due to customer order rescheduling..
Source: SEC EDGAR filings · figures as of 2026-09-30 · read by EquiReason
- Market cap
- 351.9M
- P/E TTM
- 19.7
- Dividend yield
- 5.5%
- 52-week
- —
- Next earnings
- 19 Jan, in 87 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
21 Oct 202610-QNVE reported Q2 fiscal 2027 results: revenue -8% YoY, net income -4% YoY, with product sales declining due to customer order rescheduling.earningsopen
Figures in the filing · each found in the filing text
| Product sales · Q2-2027 | 95.6% | |
| Contract research and development revenue · Q2-2027 | 4.4% | |
| Gross profit · Q2-2027 | 78.2% | |
| Income from operations · Q2-2027 | 54.9% | |
| Net income · Q2-2027 | 54.4% | |
| Effective tax rate · Q2-2027 | 14.0% | |
| Cash and cash equivalents · 2026-09-30 | $4M | +132% y/y |
| Dividend per share · 2026-11-30 | $1.00 |
Risks flagged
Customer order rescheduling
“The decrease in product sales was due to certain customer’s orders rescheduling and a decrease in defense industry product sales.” · word for word
Defense sales variability
“Defense sales depend on Government procurement cycles and can be highly variable.” · word for word
21 Oct 20268-K · 2.02, 8.01NVE Corporation announces quarterly cash dividend of $1.00 per share, payable November 30, 2026; also reports Q2 fiscal 2027 results with revenue down 8% YoY but net income down 4%.open
Figures in the filing · each found in the filing text
| Total revenue · Q2-2027 | $6M | -8% y/y |
| Net income · Q2-2027 | $3M | -4% y/y |
| Diluted earnings per share · Q2-2027 | $0.65 | -4% y/y |
| Product sales · Q2-2027 | $6M | -9% y/y |
| Contract research and development revenue · Q2-2027 | $259420.00 | +25% y/y |
| Gross profit · Q2-2027 | $5M | -8% y/y |
| Dividend per share · Q3-2027 | $1.00 | |
| Cash and cash equivalents · Q2-2027 | $4M |
Risks flagged
Customer concentration risk: reliance on several large customers for significant percentage of revenue
“our reliance on several large customers for a significant percentage of revenue” · word for word
Tariff and trade barrier risks could impact costs or demand
“risks and uncertainties related to tariffs, customs, duties, and other trade barriers” · word for word
10 Aug 20268-K · 5.02, 5.07Reported the departure of a director or principal officer (CEO/CFO change); submitted matters to a vote of security holdersopen
Risks flagged
Succession risk; no immediate financial impact.
“CEO succession plan disclosed; no disruption indicated.”
22 Jul 202610-QNVE reported strong Q1 FY2027 results with revenue up 81% YoY, gross margin expansion, and net income up 79%.earningsopen
Figures in the filing · each found in the filing text
| Gross Profit Margin · Q1-2027 | 81.3% | |
| Operating Margin · Q1-2027 | 65.9% | |
| Operating Cash Flow · Q1-2027 | $5M | |
| Cash and Cash Equivalents · 2026-06-30 | $3M | |
| Dividend Per Share · 2026-08-31 | $1.00 |
Risks flagged
Customer concentration risk
“No explicit concentration disclosed, but small company with limited customer base.”
Dividend sustainability risk
“Dividends may be modified or discontinued at any time without notice.” · word for word
22 Jul 20268-K · 2.02, 8.01Total revenue $11M (+81% y/y); Net income $6M (+79% y/y); Product sales $11M (+82% y/y)earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q1-2027 | $11M | +81% y/y |
| Net income · Q1-2027 | $6M | +79% y/y |
| Product sales · Q1-2027 | $11M | +82% y/y |
| Contract R&D revenue · Q1-2027 | $299322.00 | +53% y/y |
| Net income per diluted share · Q1-2027 | $1.32 | +78% y/y |
| Dividend per share · Q1-2027 | $1.00 |
Risks flagged
Customer concentration risk; reliance on large customers.
“Forward-looking statements mention reliance on several large customers.”
Tariff and trade barrier risk.
“Risk factors include tariffs, customs, duties, and trade barriers.”
22 Jun 20268-K · 5.02, 8.01Annual base salary $260,000.00open
Figures in the filing · each found in the filing text
| annual base salary · FY2027 | $260000.00 |
Risks flagged
Leadership transition risk; new CEO has internal background but limited public company CEO experience.
“Peter G. Eames ... currently serving as Vice President of Advanced Technology, as President and Chief Executive Officer”
22 Jun 2026DEF 14ACEO succession: Dr. Eames to become CEO effective Annual Meeting; Dr. Baker remains Chairman.open
Figures in the filing · each found in the filing text
| Gross Margin · FY2026 | 79.0% | |
| Operating Margin · FY2026 | 60.0% | |
| Net Margin · FY2026 | 58.0% | |
| CEO Salary · FY2026 | $449918.00 | +3% y/y |
| Dividend Per Share · FY2026 | $1.00 |
Risks flagged
CEO succession execution risk
“CEO transition to Dr. Eames, who has been VP of Advanced Technology.”
Shareholder return negative over 3 years
“Three-year total Shareholder Return was a loss as of March 31, 2026.” · word for word
6 May 202610-KRevenue $26M (+2% y/y); Net income $15M (+1% y/y); Dividend per share $4.00 (+0% y/y)open
Figures in the filing · each found in the filing text
| Revenue · FY2026 | $26M | +2% y/y |
| Net income · FY2026 | $15M | +1% y/y |
| Dividend per share · FY2026 | $4.00 | 0% y/y |
| Effective tax rate · FY2026 | 14.7% | |
| Operating cash flow · FY2026 | $17M | +16% y/y |
Risks flagged
Customer concentration risk
“One customer accounted for 10% or more of total revenue for fiscal 2026: Customer A 37% of revenue.” · word for word
Single-source supplier risk
“We have not identified or qualified alternate suppliers for many of the wafers now being obtained from single sources.” · word for word
Tariff exposure risk
“Most of our wafer purchases are from foreign manufacturers, some of which have been subject to tariffs and could be subject to increased tariffs or restrictions in the future.” · word for word
6 May 20268-K · 2.02, 8.01Total revenue $8M (+5% y/y); Net income $5M (+27% y/y); Total revenue (FY) $26M (+2% y/y)earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q4-2026 | $8M | +5% y/y |
| Net income · Q4-2026 | $5M | +27% y/y |
| Total revenue (FY) · FY2026 | $26M | +2% y/y |
| Net income (FY) · FY2026 | $15M | +1% y/y |
| Dividend per share · 2026-05-29 | $1.00 |
Risks flagged
Reliance on large customers; contract R&D revenue decline.
21 Jan 20268-K · 2.02, 8.01Total revenue $6M (+23% y/y); Net income $3M (+11% y/y); Product sales $6M (+16% y/y)earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q3-2026 | $6M | +23% y/y |
| Net income · Q3-2026 | $3M | +11% y/y |
| Product sales · Q3-2026 | $6M | +16% y/y |
| Contract R&D revenue · Q3-2026 | $446102.00 | +335% y/y |
| Net income per diluted share · Q3-2026 | $0.70 | +11% y/y |
| Dividend per share · Q3-2026 | $1.00 | |
| Total revenue (nine months) · 9M-2026 | $19M | +0% y/y |
| Net income (nine months) · 9M-2026 | $10M | -8% y/y |
Risks flagged
Customer concentration risk; reliance on large customers.
“Forward-looking statements mention reliance on several large customers.”
Tariff and trade barrier risk.
“Risk factors include tariffs, customs, duties, and trade barriers.”
Nine-month net income decline despite flat revenue; margin pressure.
“Nine-month net income -8% to $10.3M; gross margin declined from 85.4% to 79.2%.”
21 Jan 202610-QNVE reported Q3 FY2026 revenue up 23% YoY and net income up 11% YoY, with gross margin declining 500 bps.earningsopen
Figures in the filing · each found in the filing text
| Gross margin · Q3-2026 | 79.0% | |
| Effective tax rate · Q3-2026 | 20.0% | |
| Cash and cash equivalents · 2025-12-31 | $3M | |
| Dividend per share · 2026-02-27 | $1.00 |
Guidance
Full-year tax rate 16-17%; $700k-$1M advanced manufacturing tax credits; ~$1.1M cash tax savings from R&D deduction
Management provided tax rate guidance and highlighted tax benefits, but no explicit revenue or margin guidance.
Risks flagged
State regulatory cost increase
“Minnesota state legislation effective January 1, 2026 mandates paid leave, which has increased our employment costs and expenses.” · word for word
Customer concentration / agreement renewal
“We have agreements with certain customers, including a Supplier Partnering Agreement, as amended, with Abbott Laboratories, which expires December 31, 2027.” · word for word
Government contract awards
federal awards · contract value, often multi-year| Date | Agency | Value | What for |
|---|---|---|---|
| 2026-09-24 | Department of State | $5M | THE PURPOSE OF THIS MODIFICATION IS TO ADD FUNDING IN AMOUNT OF $5,418,938.00. |
| 2026-08-12 | Department of State | $8M | THE PURPOSE OF THIS MODIFICATION IS TO ADD FUNDING IN AMOUNT OF $7,920,000.00. (TO EXTEND THE CONSTRUCTION SECURITY TASK ORDER PROVIDING A TOTAL OF A SSC, TL, 17 CSTS, AND 11 CAGS |
| 2026-06-17 | Department of State | $7M | ADDITIONAL FUNDING IN AMOUNT OF $7,113,839.00 TO ADD ONE ADDITIONAL SSC AND CST POSITION TO THE RIYADH NEC TASK ORDER. PROVIDING CONSTRUCTION SECURITY SERVICES. |
NVE Corporation — questions
- What did NVE Corporation file recently?
- 11 SEC filings in the last 12 months. Latest: 10-Q on 2026-10-21 — NVE reported Q2 fiscal 2027 results: revenue -8% YoY, net income -4% YoY, with product sales declining due to customer order rescheduling.
Every figure on this page comes from NVE Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.