NVE Corporation Reports Second Quarter Results and Announces Quarterly Dividend

About this update from Nve Corporation

EDEN PRAIRIE, Minn., October 22, 2025 --( BUSINESS WIRE )--NVE Corporation (Nasdaq: NVEC) announced financial results today for the quarter ended September 30, 2025. Total revenue for the second quarter of fiscal 2026 decreased 6% to $6.35 million from $6.76 million for the prior-year quarter. The decrease was due to a 68% decrease in contract research and development revenue, partially offset by a 1% increase in product sales. Net income for the second quarter of fiscal 2026 decreased 18% to $3.31 million, or $0.68 per diluted share, compared to $4.03 million, or $0.83 per share, for the prior-year quarter. For the first six months of fiscal 2026, total revenue decreased 8% to $12.5 million from $13.5 million for the first six months of the prior year. The decrease was due to a 5% decrease in product sales and a 51% decrease in contract research and development revenue. Net income decreased 15% to $6.89 million, or $1.42 per diluted share, from $8.12 million, or $1.68 per share, for the first half of fiscal 2025. The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable November 28, 2025 to shareholders of record as of November 3, 2025. "We’re pleased to report a 4% sequential increase in revenue driven by strong increases in distributor and non-defense sales, despite an expected decrease in defense 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/20251022490638/en/ Contacts [email protected]

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