NVE Corporation (NVEC) Stock Analysis
Technology · Semiconductors · NasdaqCM
NVE Corporation (NVEC) posted $26.33M in revenue for fiscal 2026 (up 1.8% year over year), at a 57.7% net margin, and has compounded revenue about 4.3%/yr over five years, per its SEC filings.
Data last refreshed September 3, 2026 from SEC filings · how we compute this
The analyst's take on NVE Corporation
NVE Corporation has grown revenue from $28.33M to $26.33M over the last 10 fiscal years, compounding about 4.3% a year. The most recent year was up 1.8%, so growth has cooled from its longer-run pace.
Net margin sits at 57.7%, down 0.5 points year over year on a 78.7% gross margin. It returns cash through a dividend yielding about 3.83%.
At today's valuation the market is pricing in roughly 15.9% annual free-cash-flow growth — versus the 1.7% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. It clears 6 of 8 deterministic health checks. Nothing in the filed statements trips our red-flag scan.
Synthesised from NVE Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
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NVE Corporation revenue & earnings — last 10 fiscal years
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.33M | $29.86M | $26.47M | $25.41M | $21.37M | $26.99M | $38.25M | $29.80M | $25.87M | $26.33M |
| Gross profit | $22.25M | $23.59M | $21.26M | $20.52M | $17.24M | $20.72M | $30.19M | $23.03M | $21.64M | $20.73M |
| Net income | $12.95M | $13.91M | $14.51M | $14.53M | $11.69M | $14.51M | $22.69M | $17.12M | $15.06M | $15.20M |
| Net margin | 45.7% | 46.6% | 54.8% | 57.2% | 54.7% | 53.8% | 59.3% | 57.5% | 58.2% | 57.7% |
Source: NVE Corporation SEC filings (10-K). 17 years of history available in the interactive view.
NVE Corporation financial health: 6 of 8 checks passed
- ✗Revenue CAGR over 16 yrs (-0.4%/yr)
- ✓Profitable every year (last 5)
- ✓Net margin above 10% (57.7%)
- ✓More cash than total debt (cash 19.8M vs debt 0M)
- ✓Positive operating cash flow (last 5 yrs)
- ✓Free cash flow positive (latest yr) (14.5M)
- ✗Share count falling over 5 yrs (buybacks) (4.8M → 4.8M shares)
- ✓Pays a dividend (12 consecutive yrs in our data)
Checks computed deterministically from filed annual statements — no AI judgement.
NVE Corporation: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into NVEC stock?
At today's market cap of $529.19M, NVE Corporation is priced for free-cash-flow growth of about 15.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $14.47M from the FY ending 2026-03-31). For comparison, free cash flow actually grew 1.7%/yr over the last five fiscal years and revenue 4.3%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of NVE Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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NVE Corporation financial history
About NVE Corporation
NVE Corporation develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information in the United States. The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for power conversion, industrial Internet of Things (IIoT), and the Artificial Intelligence of Things (AIoT) markets; DC-to-DC converters for use in energy conversion systems and industrial networks for IIoT and AIoT. Additionally, it undertakes contracts for research and development and licenses spintronic magnetoresistive random access memory technology. The company sells its products through distributors. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
NVE Corporation — frequently asked questions
What is NVE Corporation's revenue?
NVE Corporation (NVEC) reported revenue of $26.33M for fiscal year 2026, up 1.8% from the prior year, according to its SEC filings.
Is NVE Corporation profitable?
Yes. NVEC earned net income of $15.20M in fiscal 2026, a net margin of 57.7%.
What is NVEC's P/E ratio?
NVE Corporation trades at a price-to-earnings ratio of about 34.8 based on the latest data in our nightly-refreshed cache.
How fast is NVE Corporation growing?
NVEC's revenue grew at roughly 4.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
Does NVE Corporation pay a dividend?
Yes, NVEC pays a dividend — the yield is about 3.83%.
What is NVE Corporation's gross margin?
NVEC's gross margin was 78.7% in fiscal 2026 — gross profit of $20.73M on revenue of $26.33M.
What is NVE Corporation's market cap?
NVE Corporation (NVEC) has a market capitalization of about $529.19M, based on the latest data in our nightly-refreshed cache.
When does NVE Corporation's fiscal year end?
NVEC's fiscal year ends in March. Its most recent annual filing covers the fiscal year ending 2026-03-31.
What growth is priced into NVEC stock?
At today's market cap of $529.19M, NVE Corporation is priced for free-cash-flow growth of about 15.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $14.47M from the FY ending 2026-03-31). For comparison, free cash flow actually grew 1.7%/yr over the last five fiscal years and revenue 4.3%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from NVE Corporation's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.