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NVE Corporation

NVEC Technology Semiconductors

NVE Corporation’s revenue for fiscal 2026 (year ended March 2026) was $26.3 million, up 1.76% from fiscal 2025.

Revenue
−8.07%
EPS
−2.94%
Free cash flow
+112.9%

Quarter to September 2026, against a year earlier

76.37 5.14 +7.22%
Market cap
$345.0M
P/E
19.5×
Fwd P/E
17.7×
Dividend yield
5.55%
F-score
6/9
Altman Z
92.06
Beneish M
−2.72
Dividend safety
46/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 5.34
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 — — — — — 1 2 1 — —
Insider Ownership 0.45%

Capital & Financial Ratios $m

Size
Market Cap 345.04
Revenue ttm 30.75
Net income ttm 17.88
Free cash flow ttm 18.66
Net debt Q (23.65)
Valuation
P/E 19.49
Forward P/E 17.70
Price / sales 11.36 (above 10: high)
Forward P/S Powerpack
Price / FCF 18.72
Price / book 6.02 (above 6: high)
Financial health
Current ratio Q 29.05 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q −8.07% (below 0%: shrinking)
Operating income growth Q −12.35% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A +41.92% (at or above 10%: strong)
EPS, past 5 yrs +5.35%
EPS, next 5 yrs A +25.00% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 10.6×, against a ten-year median of 11.7×; over the ten years it ranged from 6.8× in 2022 to 18.9× in 2018.
P/E against its own 10 years 21.27%
10-year low 10-year high
P/S against its own 10 years 30.88%
10-year low 10-year high
P/B against its own 10 years 85.70%
10-year low 10-year high
EV/Sales against its own 10 years 31.32%
10-year low 10-year high
EV/FCF against its own 10 years 14.63%
10-year low 10-year high

Dividends

Yield
5.55%
Annual rate
4.00
Payout ratio
108.4%
Growth, 2018–26
0.00%/yr
  1. 4.00 ’18
  2. 4.00 ’19 +0
  3. 4.00 ’20 +0
  4. 4.00 ’21 +0
  5. 4.00 ’22 +0
  6. 4.00 ’23 +0
  7. 4.00 ’24 +0
  8. 4.00 ’25 +0
  9. 4.00 ’26 +0
paid change on the year, %

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 22 22 20 24
Receivables 3 4 3 3
Inventory 7 7 7 7
Other — — — —
33 33 32 35
2024 2025 2026 Q'26
Payables 0 0 0 0
ST’ Debt — — — —
Other — — — —
1 1 1 1

Compound Annual Growth %

10y 5y 3y
Sales (0.51%) 4.27% (11.71%)
Cash Flow 1.53% 4.50% (4.44%)
Earnings 2.15% 5.38% (12.51%)
Book Value (5.19%) (3.85%) (4.60%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY18 Estimate 0.63 Actual 0.78

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY17 0.71 0.62 Miss by 0.09
Q1 FY18 0.66 0.68 Beat by 0.02
Q2 FY18 0.61 0.65 Beat by 0.04
Q3 FY18 0.63 0.78 Beat by 0.15

EPS $

Jun Sep Dec Mar Year
’26 1.32 0.65 — — —
’26 0.74 0.68 0.70 1.02 3.14
’25 0.85 0.83 0.63 0.80 3.11
’24 0.91 0.98 0.87 0.79 3.54
’23 0.86 1.26 0.88 1.70 4.70
’22 0.74 0.75 0.72 0.79 3.00
’21 0.50 0.46 0.81 0.65 2.42
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 11 6 — — —
’26 6 6 6 8 26
’25 7 7 5 7 26
’24 9 7 7 7 30
’23 7 11 7 13 38
’22 7 7 6 7 27
’21 5 4 7 6 21
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 5 6 — — —
’26 5 3 4 4 17
’25 6 2 4 2 14
’24 5 5 5 3 18
’23 3 6 5 4 19
’22 3 3 3 3 13
’21 3 2 3 5 13
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 5 6 — — —
’26 4 3 3 4 14
’25 5 2 4 2 13
’24 5 5 5 3 18
’23 3 6 5 4 18
’22 3 3 3 3 12
’21 3 2 3 5 13
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 28 30 26 25 21 27 38 30 26 26 31 (0.8%) — — — —
Gross margin, % 78.54 78.99 80.30 80.76 80.71 76.79 78.92 77.28 83.63 78.73 79.27 +0.2 pt
EBT 19 20 18 17 14 17 27 20 18 18 21 (0.8%)
EBT margin, % 67.41 67.00 66.90 68.09 66.66 64.85 70.82 68.67 69.72 67.66 67.60 +0.2 pt
Net income 13 14 15 15 12 15 23 17 15 15 18 +1.8%
Per share, $
Per share, $ Revenue 5.86 6.17 5.47 5.24 4.42 5.58 7.92 6.17 5.35 5.44 6.35 (0.8%)
Earnings 2.68 2.87 3.00 3.00 2.42 3.00 4.70 3.54 3.12 3.14 3.70 +1.8%
Cash flow 2.56 3.13 2.94 3.28 2.76 2.59 3.95 3.78 2.96 3.44 4.09 +3.4%
Capex (0.11) (0.12) (0.01) (0.01) (0.01) (0.10) (0.19) 0.00 (0.26) (0.45) (0.24) +17.3%
Free cash flow 2.45 3.01 2.92 3.27 2.75 2.49 3.76 3.77 2.70 2.99 3.85 +2.2%
Book value 19.16 17.86 17.09 16.09 14.67 13.36 13.89 13.57 12.88 12.04 11.97 (5.0%)
Shares, m 5 5 5 5 5 5 5 5 5 5 5 0.0%
Valuation, ×
Valuation, × P/E 30.89 27.49 33.01 17.40 28.97 18.16 17.66 25.06 20.50 20.86 19.49 24.0
P/S 14.14 12.79 18.06 9.92 15.86 9.76 10.48 14.43 11.91 12.03 11.36 12.9
P/B 4.32 4.42 5.78 3.23 4.78 4.08 5.98 6.56 4.95 5.44 6.02 5.0
EV/Sales 13.16 11.94 17.33 8.85 15.01 8.60 10.03 13.68 11.07 11.28 10.59 12.1
EV/FCF 31.42 24.51 32.42 14.20 24.18 19.30 21.14 22.37 21.95 20.53 17.45 23.2
Cash, $m
Cash, $m Operating cash flow 12 15 14 16 13 13 19 18 14 17 20 +3.4%
Capex (1) (1) 0 0 0 0 (1) 0 (1) (2) (1) +17.3%
Free cash flow 12 15 14 16 13 12 18 18 13 14 19 +2.2%
Balance, $m
Balance, $m Working capital 34 32 27 34 23 39 29 32 32 31 34 (1.0%)
Net debt (28) (26) (19) (27) (18) (31) (17) (22) (22) (20) (24) (3.7%)
Shareholders’ equity 93 86 83 78 71 65 67 66 62 58 58 (5.0%)
Returns, %
Returns, % ROA 13.31 15.36 16.96 17.81 15.39 20.73 33.20 25.18 22.99 24.39 29.47 +11.1 pt
ROIC 16.80 18.93 15.69 19.07 15.09 30.67 32.12 26.69 24.66 25.91 34.50 +9.1 pt
ROE 13.49 15.53 17.15 18.07 15.71 21.42 34.48 25.82 23.57 25.22 30.38 +11.7 pt
People
People Employees 51 45 48 46 44 49 56 54 42 42 — (2.1%)
Revenue/emp, $m 0.56 0.66 0.55 0.55 0.49 0.55 0.68 0.55 0.62 0.63 — +1.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

NVE Corporation vs peers in Semiconductors (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AIP Arteris, Inc. $783.0M — (loss-making) — (loss-making) +48.06% (above 0%: growing) n/m −186.00% (below 0%: shrinking) 86.61% (43.90%) Compare
POET POET Technologies Inc. $737.2M — (loss-making) — +112.25% (above 0%: growing) n/m −55.77% (below 0%: shrinking) 100.00% (3,542.81%) Compare
CEVA Ceva, Inc. $691.5M — (loss-making) — (loss-making) +13.07% (above 0%: growing) n/m +31.02% (above 0%: growing) 87.44% (7.15%) Compare
AOSL Alpha and Omega Semiconductor Limited $560.0M — (loss-making) — (loss-making) −3.46% (below 0%: shrinking) n/m −45.84% (below 0%: shrinking) 23.09% (6.45%) Compare
NVEC NVE Corporation $345.0M 19.5× 17.7× −8.07% (below 0%: shrinking) −2.94% (below 0%: shrinking) +112.93% (above 0%: growing) 78.22% 54.95%
INDI indie Semiconductor, Inc. $314.1M — (loss-making) — (loss-making) +23.97% (above 0%: growing) n/m −134.86% (below 0%: shrinking) 36.07% (54.81%) Compare
LAES SEALSQ Corp. $284.0M — — — — −417.61% (below 0%: shrinking) — — Compare
MRAM EVERSPIN TECH $262.0M — (loss-making) — (loss-making) +41.93% (above 0%: growing) n/m −165.66% (below 0%: shrinking) 53.89% (23.39%) Compare
VLN Valens Semiconductor, Ltd. $147.3M — (loss-making) — (loss-making) +6.13% (above 0%: growing) n/m −1,024.55% (below 0%: shrinking) 61.52% (43.89%) Compare
Median of peers $437.1M — — +23.97% — −150.26% 61.52% (43.89%)

All 68 Semiconductors stocks →

Pay and ownership Proxy statement filed 22 June 2026

Ownership

Directors and executive officers, together 2.10%
Defiance ETFs, LLC 12.00%
BlackRock Inc. 7.70%
Vanguard Capital Management 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

NVE Corporation (NVEC) Latest News

23 Oct

Impact 3 · · Zacks
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

21 Oct

Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · MarketBeat
Impact 3 · · Associated Press
Impact 3 · · Business Wire

27 Jul

Impact 3 ·

26 Jul

Impact 3 ·

24 Jul

Impact 3 ·

23 Jul

Impact 4 ·
Impact 3 · · Moby

22 Jul

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat

22 Jun

Impact 3 · · Business Wire

11 Jun

Impact 3 · · Zacks

9 Jun

Impact 3 · · Zacks

13 May

Impact 4 · · Zacks

7 May

Impact 3 · · Moby

6 May

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 3 · · Business Wire

12 Feb

Impact 4 · · Simply Wall St.

10 Feb

Impact 3 · · ZacksZacksAssociated Press Finance

26 Jan

Impact 4 · · GuruFocus.com
Impact 4 · · Zacks

22 Jan

Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool transcript
stockrow.com/NVEC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com