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NVE Corporation Reports First Quarter Results and Announces Quarterly Dividend
EDEN PRAIRIE, Minn., July 23, 2025--NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter ended June 30, 2025.
About this update from Nve Corporation
EDEN PRAIRIE, Minn., July 23, 2025 --( BUSINESS WIRE )--NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter ended June 30, 2025. Total revenue for the first quarter of fiscal 2026 decreased 10% to $6.10 million from $6.78 million for the prior-year quarter. The decrease was due to an 11% decrease in product sales, partially offset by a 17% increase in contract research and development revenue. Net income for the first quarter of fiscal 2026 decreased 13% to $3.58 million, or $0.74 per diluted share, compared to $4.10 million, or $0.85 per share, for the prior-year quarter. The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable August 29, 2025 to shareholders of record as of August 4, 2025. "We’re pleased to report strong revenue and earnings despite a decrease in defense product sales," 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, risks and uncertainties related to tariffs, customs, duties, and other trade barriers, 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, 2025. View source version on businesswire.com: https://www.businesswire.com/news/home/20250723914381/en/ Contacts [email protected]