Form 8-K

8-K — NVE CORP /NEW/

Accession: 0001376474-26-000513

Filed: 2026-07-22

Period: 2026-07-22

CIK: 0000724910

SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)

Item: Results of Operations and Financial Condition

Item: Other Events

Documents

8-K — nvec-20260722_8k.htm (Primary)

EX-99.1 — PRESS RELEASE (nve_ex99z1.htm)

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8-K — NVE CORP - FORM 8-K SEC FILING

8-K (Primary)

Filename: nvec-20260722_8k.htm · Sequence: 1

NVE Corp - Form 8-K SEC filing

0000724910

false

0000724910

2026-07-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 22, 2026

NVE Corporation

(Exact name of registrant as specified in its charter)

Minnesota

000-12196

41-1424202

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

11409 Valley View Road, Eden Prairie, Minnesota

55344

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (952) 829-9217

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

NVEC

The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

Furnished as Exhibit 99 is a press release of NVE Corporation reporting results for the quarter ended June 30, 2026.

Item 8.01. Other Events.

NVE Corporation announced that its Board of Directors approved a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable August 31, 2026 to shareholders of record as of August 3, 2026.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date July 22, 2026

NVE CORPORATION

(Registrant)

/s/ DANIEL NELSON

Daniel Nelson

Principal Financial Officer

INDEX TO EXHIBITS

Exhibit #

Description

Press release of NVE Corporation reporting results for the quarter ended June 30, 2026 and announcing a quarterly dividend.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

EX-99.1 — PRESS RELEASE

EX-99.1

Filename: nve_ex99z1.htm · Sequence: 2

Press Release

NVE Corporation Reports First Quarter Results and Announces Quarterly Dividend

Revenue increases 81% and net income increases 79%

EDEN PRAIRIE, Minn.—July 22, 2026—NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter ended June 30, 2026.

Total revenue for the first quarter of fiscal 2027 increased 81% to $11.0 million from $6.10 million for the prior-year quarter. The increase was due to an 82% increase in product sales and a 53% increase in contract research and development revenue. Net income for the first quarter of fiscal 2027 increased 79% to $6.39 million, or $1.32 per diluted share, compared to $3.58 million, or $0.74 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 31, 2026 to shareholders of record as of August 3, 2026.

“We’re pleased to report exceptional growth in revenue and earnings driven by new product sales and a strong semiconductor market,” 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, 2026.

###

Contact: investor@nve.com

NVE CORPORATION

STATEMENTS OF INCOME

QUARTERS ENDED JUNE 30, 2026 AND 2025

(Unaudited)

Quarter Ended June 30,

2026

2025

Revenue

Product sales

10,734,735

5,908,570

Contract research and development

299,322

196,074

Total revenue, net

11,034,057

6,104,644

Cost of sales

2,066,045

1,182,523

Gross profit

8,968,012

4,922,121

Expenses

Research and development

946,582

720,231

Selling, general, and administrative

755,594

418,640

Total expenses

1,702,176

1,138,871

Income from operations

7,265,836

3,783,250

Interest income

449,920

498,208

Other income

811

Income before taxes

7,715,756

4,282,269

Provision for income taxes

1,321,565

706,451

Net income

6,394,191

3,575,818

Net income per share – basic

1.32

0.74

Net income per share – diluted

1.32

0.74

Weighted average shares outstanding

Basic

4,837,166

Diluted

4,845,744

4,838,877

NVE CORPORATION

BALANCE SHEETS

JUNE 30 AND MARCH 31, 2026

(Unaudited)

June 30,

2026

March 31,

2026

ASSETS

Current assets

Cash and cash equivalents

2,896,148

1,714,040

Marketable securities, short-term

18,875,009

18,125,060

Accounts receivable, net of allowance for credit losses of $15,000

6,545,713

3,408,941

Inventories, net

6,673,227

7,082,821

Prepaid expenses and other assets

685,921

1,860,415

Total current assets

35,676,018

32,191,277

Fixed assets

Machinery and equipment

13,900,632

13,843,799

Leasehold improvements

2,059,853

15,960,485

15,903,652

Less accumulated depreciation and amortization

12,419,993

12,187,643

Net fixed assets

3,540,492

3,716,009

Marketable securities, long-term

22,137,350

23,678,452

Right-of-use asset – operating lease

763,080

793,794

Total assets

62,116,940

60,379,532

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities

Accounts payable

265,953

278,599

Accrued payroll and other

1,037,155

697,611

Operating lease

201,008

165,116

Total current liabilities

1,504,116

1,141,326

Deferred tax liabilities

128,217

248,284

Long-term operating lease liability

704,817

740,423

Total liabilities

2,337,150

2,130,033

Shareholders’ equity

Common stock

48,372

Additional paid-in capital

19,928,818

19,914,769

Accumulated other comprehensive income (loss)

(72,793

)

(32,010

)

Retained earnings

39,875,393

38,318,368

Total shareholders’ equity

59,779,790

58,249,499

Total liabilities and shareholders’ equity

62,116,940

60,379,532

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Document and Entity Information

Jul. 22, 2026

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