NVE Corporation (NVEC)

NVE Corporation reported a revenue increase and net income rise in Q3 Fiscal Year 2026, attributed to strong product sales and contract research revenue. The company declared a quarterly cash dividend of $1.00 per share. The CEO, Daniel Baker, sold shares worth approximately US$93,000. NVE Corp. reported a revenue and net income decline in Q1 Fiscal Year 2026, leading to a stock price decrease. The NVE Corporation share price was noted to be on the decline in the week leading up to February 7, 2026.

NVE Corp.'s CEO stated that there is no real seasonality to their physical unclonable functions (PUFFs) business, but demand can be lumpy due to reliance on defense system procurement contracts. Demand is influenced by inventory management, replenishment, and depletion cycles for dealers and distributors, and program-specific design wins for direct customers.

NVE Corporation specializes in spintronics, developing devices for information acquisition, storage, and transmission. They operate in the semiconductor and electronic components industry, designing and manufacturing spintronic products like sensors and couplers. Their major products include digital, medical, and smart sensors for detecting magnetic materials, spintronic couplers for power conversion, MRAM technology for data storage, and DC-to-DC converters for power conversion systems.

NVE Corp. is headquartered in Eden Prairie, Minnesota, and operates globally through a network of distributors. Key customers and distributors include Abbott Laboratories and Digi-Key Corporation.

NVE Corp. has a positive brand reputation for its spintronics nanotechnology, with award-winning products known for being smaller, faster, and more rugged. The company has been recognized in "Forbes America's Best Small Companies" and maintains strong financial margins. There have been no specific events in the past year that have negatively impacted its brand reputation, beyond the general stock performance fluctuations related to earnings reports.

NVE Corp.'s ownership is composed of institutional investors (24.13%), insiders (1.40%), and public companies and individual investors (26.27%). Major institutional owners include The Vanguard Group, Inc., Penserra Capital Management Llc, and Blackrock, Inc. Daniel Baker, the CEO, directly owns 1.24% of the company's shares.