Latest news with #NVECorporation
Yahoo
4 days ago
- Business
- Yahoo
NVE Corp Q1 Earnings Decline Y/Y, Stock Falls More Than 20%
Shares of NVE Corporation NVEC have declined 20.4% since reporting earnings for the first quarter of fiscal 2026. This compares with the S&P 500 index's 0.9% growth over the same time frame. Over the past month, the stock has declined 14.2% against the S&P 500's 3.9% rally. For the first quarter ended June 30, 2025, NVE Corp reported total revenues of $6.10 million, a 10% decline from $6.78 million in the same period last year. This decrease was primarily led by an 11% year-over-year drop in product sales, slightly offset by a 17% rise in contract research and development revenues. Net income fell 13% to $3.58 million, or 74 cents per diluted share, from $4.10 million, or 85 cents per share, in the year-ago quarter. NVE Corporation Price, Consensus and EPS Surprise NVE Corporation price-consensus-eps-surprise-chart | NVE Corporation Quote Other Key Business Metrics Gross profit for the quarter stood at $4.92 million, down from $5.81 million in the prior-year period, reflecting a gross margin decline to 81% from 86%. The reduced margin was attributed to a less favorable product mix and increased distributor sales, which generally carry lower margins than direct sales. Total operating expenses dropped 20% year over year to $1.14 million, driven by an 18% decrease in research and development (R&D) expenses, and a 23% reduction in selling, general and administrative (SG&A) costs. The decline in R&D expenses stemmed from the completion of certain wafer-level chip-scale packaging projects and the reallocation of some R&D resources to manufacturing. Similarly, SG&A expenses were reduced due to the timing of sales and marketing activities, as well as the reassignment of administrative roles to production functions. Operating income was $3.78 million for the quarter, with an operating margin of 62%. Interest income contributed $498,208, and other income added a minor $811, resulting in a pretax income of $4.28 million. After taxes, the net margin was a robust 59%. Comprehensive income, which includes approximately $75,000 in unrealized gains from marketable securities, totaled $3.65 million. Management Commentary CEO Daniel Baker acknowledged the earnings decline but emphasized the company's strong profitability and cost control. He noted that non-defense product sales were stabilizing and industry conditions were improving. Distribution channel sales showed early signs of recovery, which the company views as an encouraging indicator of a broader market rebound. Defense-related product sales, particularly in the physical unclonable function segment, were cited as a source of revenue variability due to the cyclical nature of government procurement. However, Baker expressed optimism about sequential growth in defense orders in the coming quarters and a return to historical demand levels in fiscal 2027. Factors Influencing the Results The revenue and earnings declines were largely due to lower defense product sales, which are known to be lumpy and dependent on the timing of government contracts. The gross margin also narrowed because of the higher mix of distributor sales. However, the company partially mitigated these pressures through disciplined expense management. Capital expenditure in the quarter totaled $1.06 million, mostly allocated to wafer fabrication equipment. The acquisition of this equipment was strategically timed ahead of the expiration of a reciprocal tariff exemption in early July. This investment supports NVE's two-year expansion plan and will also qualify for a 25% advanced manufacturing investment tax credit under a recently extended tax bill, translating into a benefit of $700,000-$800,000 this fiscal year. Additionally, changes to the U.S. Internal Revenue Code now permit the immediate expensing of previously amortized R&D costs, improving near-term cash flow though not materially affecting net income. Guidance Management signaled expectations for quarter-over-quarter growth in defense product sales throughout the remainder of the fiscal year. Additionally, encouraging trends in distributor sales and ongoing product innovation efforts are expected to contribute positively to future performance. Product development initiatives included the launch of ultra-miniature wafer-level chip-scale sensors and expanded promotion of rare-earth-free ferrite magnet sensors, targeting markets where geopolitical risks pose supply-chain threats. These initiatives were showcased at major trade events — SENSOR+TEST in Germany and Sensors Converge in California — which generated promising customer leads. Other Developments In the quarter, NVE continued its investment in wafer-level packaging technology aimed at serving the medical device and industrial automation markets. The company has begun sampling these miniaturized components, which offer increased spatial precision, to potential customers in both sectors. Initial feedback has been favorable, and NVE expects to move toward higher-volume production later this fiscal year. The company also maintained its shareholder return policy, declaring another quarterly dividend of $1.00 per share, payable August 29, 2025. The company's ongoing capital investments and IP development activities continue to support its long-term strategic growth initiatives. Management reaffirmed its commitment to balancing R&D, operational efficiency and shareholder returns in an evolving macroeconomic environment. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVE Corporation (NVEC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
16-07-2025
- Business
- Globe and Mail
NVE Schedules Conference Call on First Quarter Results
NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter ended June 30, 2025 on Wednesday, July 23, 2025 after the close of the Nasdaq Regular Market. The company will hold its quarterly conference call later that day at 4:00 p.m. Central Time. The quarterly call will be webcast live in a listen-only mode through the Investor Events page of NVE's Website ( An archive of the call will also be available on NVE's Website. To dial into the conference call, parties should call 855-552-4463 inside the United States, or 312-479-9427 and enter Meeting ID 7749 14 3539. Parties may request to ask questions on the call by dialing in or logging into 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 we use 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, 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.
Yahoo
16-07-2025
- Business
- Yahoo
NVE Schedules Conference Call on First Quarter Results
EDEN PRAIRIE, Minn., July 16, 2025--(BUSINESS WIRE)--NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter ended June 30, 2025 on Wednesday, July 23, 2025 after the close of the Nasdaq Regular Market. The company will hold its quarterly conference call later that day at 4:00 p.m. Central Time. The quarterly call will be webcast live in a listen-only mode through the Investor Events page of NVE's Website ( An archive of the call will also be available on NVE's Website. To dial into the conference call, parties should call 855-552-4463 inside the United States, or 312-479-9427 and enter Meeting ID 7749 14 3539. Parties may request to ask questions on the call by dialing in or logging into 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 we use 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, 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 Contacts investor@
Business Wire
16-07-2025
- Business
- Business Wire
NVE Schedules Conference Call on First Quarter Results
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter ended June 30, 2025 on Wednesday, July 23, 2025 after the close of the Nasdaq Regular Market. The company will hold its quarterly conference call later that day at 4:00 p.m. Central Time. The quarterly call will be webcast live in a listen-only mode through the Investor Events page of NVE's Website ( An archive of the call will also be available on NVE's Website. To dial into the conference call, parties should call 855-552-4463 inside the United States, or 312-479-9427 and enter Meeting ID 7749 14 3539. Parties may request to ask questions on the call by dialing in or logging into 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 we use 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, 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.
Yahoo
23-04-2025
- Business
- Yahoo
NVE Corporation (NVEC): Among Most Expensive Stocks Insiders Are Buying After Trump's Tariff Rollout
We recently published a list of . In this article, we are going to take a look at where NVE Corporation (NASDAQ:NVEC) stands against other most expensive stocks insiders are buying after Trump's tariff rollout. Wall Street banks have sharply cut their targets for the broader market index due to growing fears about the economic fallout from new tariffs, writes the Financial Times. Since the tariff announcement on April 2, the broader market index has dropped nearly 7%. Major banks now expect lower market gains in 2025, with some analysts predicting a possible bear market directly triggered by presidential policy shifts. Amid tariff wars and market uncertainty, insider trading often draws attention. Insider stock purchases may signal executive confidence, while sales aren't necessarily negative—they could reflect personal or diversification choices. It's best to view insider trading in context with a company's financials and market conditions. Today, we're highlighting most expensive stocks that insiders have been buying in April. Using Insider Monkey's trading screener, we looked for companies with share prices of at least $30 and insider purchases between April 2 and April 21. From there, we ranked the top 12 stocks based on the highest average purchase price per share. Stocks that were recently covered were excluded from this list. Most of those can be seen on this list of the 19 mid- and large-cap stocks insiders are buying after Trump's tariff rollout. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An engineer examining a complex circuit board, a cornerstone of the organization's spintronics and nanotechnology technologies. NVE Corporation (NASDAQ:NVEC), based in Eden Prairie, Minnesota, develops and sells spintronic devices—a nanotechnology that uses electron spin for data sensing, storage, and transmission. Its products include sensors and couplers used in factory automation, medical devices, power conversion, and industrial IoT applications. The company also engages in R&D contracts and licenses its spintronic memory technology. On April 4, one insider, a director at NVE Corporation, James Bracke, purchased $5,797 worth of shares at a price of $57.97 per share. Bracke made his first purchase in nearly three years, after the stock dropped nearly 30% since the beginning of the year. Over the past 12 months, NVE Corporation shares have declined 27.43%, currently trading at $57.09 per share. In February, NVE Corporation (NASDAQ:NVEC) launched its ADA-Series magnetic switch sensors, featuring industry-leading performance, including immunity to double switching, operation up to 150°C, and resistance to magnetic fields over one tesla. Available in single or dual threshold versions, these rugged sensors are ideal for applications such as cylinder position, speed, and proximity sensing. Designed for harsh industrial environments, they operate on power supplies up to 30 volts and are now available for purchase. Overall, NVEC ranks 8th on our list of most expensive stocks insiders are buying after Trump's tariff rollout. While we acknowledge the potential of NVEC, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVEC but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
