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Companies / Information Technology / NVE Corporation
NVEC

NVE Corporation

Ticker NVECEDEN PRAIRIE, MNFiscal year ends MarchBook value per share $11.96Diluted shares 4.8M

NVE Corporation (Nasdaq: NVEC) develops and sells devices that use spintronics, a nanotechnology that uses electron spin to acquire, store, and transmit information. Its products include magnetic sensors for detecting magnetic fields, position, rotation, and speed; couplers that transmit data while electrically… From the company’s description.

Over the twelve months to Sep 30, 2026, NVE Corporation reported revenue of $30.75M, up 24.1% from a year earlier, and net income of $17.88M. Its operating margin was 61.6%, and operations generated $19.80M in cash. In fiscal 2025, it reported revenue of $26.33M, up 1.8% from fiscal 2024, and net income of $15.20M.

Fiscal year 2025 · ends 03-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$26.33MFY2025
+1.8% year over year
Last 12 mo $30.75M
60.46%FY2025
−1.4 percentage points
Last 12 mo 61.63%
$15.20MFY2025
+0.9% year over year
Last 12 mo $17.88M
26.09%FY2025
+1.9 percentage points
Last 12 mo 30.84%
Cash & financing
$16.66MFY2025
+16.4% year over year
Last 12 mo $19.80M
$14.47MFY2025
+10.8% year over year
Last 12 mo $18.66M
—
4.8MFY2025
No change, year over year
Last 12 mo 4.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What NVE Corporation does

In the company’s own words

NVE Corporation (Nasdaq: NVEC) develops and sells devices that use spintronics, a nanotechnology that uses electron spin to acquire, store, and transmit information. Its products include magnetic sensors for detecting magnetic fields, position, rotation, and speed; couplers that transmit data while electrically isolating connected systems; and power products such as voltage regulators, interface ICs, and DC-to-DC converters. Customers use its sensors in industrial automation and medical devices, and its couplers and power products in power conversion, industrial networks, and factory automation. NVE also develops and licenses magnetoresistive random-access memory (MRAM) technology and performs contract research and development. It manufactures spintronic structures at its U.S. facility, while some wafer dicing and product packaging take place in Asia. Distributors sell its products in more than 75 countries, and some products are distributed through private-brand partnerships. NVE reports its business as a single operating segment. Revenue for fiscal 2026 was $26.3 million, and the company had 42 employees as of March 31, 2026. Its website is www.nve.com.

Company details
Sector
Information Technology
Industry (SIC)
Semiconductors
Headquarters
EDEN PRAIRIE, MN
Fiscal year end
March
CIK
724910
SIC
3674

Financial performance, year by year

Fiscal 2011–2025 · USD
$-3.83M$7.65M$19.13M$30.60M$42.08M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns NVE Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

154
funds hold it
0 of 35
superinvestors hold it
$209.66M
held by funds, at market
42.7%
of shares held by funds

Largest fund holders · NVE Corporation’s weight in each

Defiance Quantum ETF
QTUM · ETF Series Solutions
1.06%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.50%of fund net assets
0.40%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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