NVE Corp - Form 8-K SEC filing

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 3 0 , 202 6 and announcing a quarterly dividend.

104

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

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.

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Contact: [email protected]

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		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			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			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