NVE : Quarter and Fiscal Year Ended March 31, 2026
NVEC
Published on 05/06/2026 at 04:15 pm EDT
NVE Corporation Reports Fourth Quarter and Fiscal Year Results and Announces Quarterly Dividend
Total revenue for the fourth quarter of fiscal 2026 increased 5% to $7.65 million from $7.27 million for the prior-year quarter. The increase was due to a 6% increase in product sales, partially offset by a 19% decrease in contract research and development revenue. Net income for the fourth quarter of fiscal 2026 increased 27% to $4.93 million, or $1.02 per diluted share, compared to $3.89 million, or $0.80 per share, for the prior-year quarter.
For fiscal 2026, total revenue increased 1.8% to $26.3 million, compared to $25.9 million in the prior year. The increase was due to a 2.4% increase in product sales, partially offset by an 11% decrease in contract research and development revenue. Net income for fiscal 2026 increased 1% to $15.2 million, or $3.14 per diluted share, from $15.1 million, or $3.11 per share, for fiscal 2025.
The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable May 29, 2026 to shareholders of record as of May 18, 2026.
"We're pleased to report strong revenue and earnings growth for the second consecutive quarter," 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, 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.
NVE CORPORATION STATEMENTS OF INCOME QUARTERS ENDED MARCH 31, 2026 AND 2025
Product sales
Contract research and development
Research and development
Selling, general, and administrative
Basic
Diluted
Research and development
Selling, general, and administrative
Current assets
Cash and cash equivalents
Marketable securities, short-term
(amortized cost of $18,118,460 as of March 31, 2026, and $13,730,266 as of March 31, 2025)
Accounts receivable, net of allowance for credit losses of $15,000
Inventories, net
Prepaid expenses and other assets
Machinery and equipment
Leasehold improvements
Less accumulated depreciation and amortization
(amortized cost of $23,726,027 as of March 31, 2026, and $26,353,692 as of March 31, 2025)
Accounts payable
Accrued payroll and other
Operating lease
Common stock
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Disclaimer
NVE Corporation published this content on May 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 20:14 UTC.