The earnings call highlighted several positive developments, such as an increase in contract R&D revenue, a significant decrease in total expenses, and proactive capital investments. However, these were counterbalanced by a notable decrease in revenue, product sales, and gross margin, primarily due to challenges in defense sales. The sentiment is mixed with potential for future growth in defense and new product markets, but immediate financial metrics show declines.

Company Guidance -

Q2 2026

In the recent NVE Corporation conference call for the first quarter of fiscal year 2026, the company provided guidance indicating a mixed financial performance. The quarter saw a 10% year-over-year revenue decrease, attributed to an 11% drop in product sales, partially offset by a 17% rise in contract R&D revenue. Despite a decrease in defense sales, nondefense and distributor sales showed encouraging signs of recovery. The gross margin fell to 81% from 86% due to a less profitable product mix, and total expenses were reduced by 20% due to decreases in R&D and SG&A expenses. Net income declined by 13% to $3.58 million, or $0.74 per diluted share, with comprehensive income at $3.65 million after accounting for unrealized gains. However, key profitability metrics remained strong, with an operating margin of 62%, pretax margin of 70%, and net margin of 59%. The company's capital expenditures were notable, with $1.06 million spent on fixed assets, primarily for wafer fabrication equipment. NVE also expects to benefit from a 25% advanced manufacturing investment tax credit, anticipating credits between $700,000 and $800,000. Additionally, operating cash flow was robust at $5.19 million, comfortably covering the $4.84 million quarterly dividend payout.

Increase in Contract R&D Revenue

Contract R&D revenue increased by 17%, partially offsetting the decrease in product sales.

Decrease in Total Expenses

Total expenses decreased by 20% due to an 18% decrease in R&D expense and a 23% decrease in SG&A.

Operating Cash Flow and Dividend Coverage

Operating cash flow was $5.19 million, which more than covered the $4.84 million dividend paid.

New Product Launches and Trade Show Presence

Launched wafer-level chip scale sensors and advanced magnetic switch sensors, promoted at SENSOR+TEST and Sensors Converge trade shows.

Advanced Manufacturing Investment Tax Credit

The 25% advanced manufacturing investment tax credit was extended, expected to result in $700,000 to $800,000 in credits.

Positive Long-term Outlook for Defense Sales

Expectation of growth in the PUF business driven by DoD budget increases and defense budgets globally.

NVE (NVEC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NVEC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2026 (Q2)	- / -	0.832	―	―	―
Jul 23, 2025	2026 (Q1)	- / 0.74	0.847	-12.75% (-0.11)	―
May 07, 2025	2025 (Q4)	- / 0.80	0.788	2.03% (+0.02)	―
Jan 22, 2025	2025 (Q3)	- / 0.63	0.865	-27.17% (-0.23)	―
Oct 23, 2024	2025 (Q2)	- / 0.83	0.976	-14.75% (-0.14)	―
Jul 17, 2024	2025 (Q1)	- / 0.85	0.91	-6.92% (-0.06)	―
May 01, 2024	2024 (Q4)	- / 0.79	1.702	-53.70% (-0.91)	―
Jan 17, 2024	2024 (Q3)	- / 0.86	0.876	-1.26% (-0.01)	―
Oct 18, 2023	2024 (Q2)	- / 0.98	1.261	-22.60% (-0.28)	―
Jul 19, 2023	2024 (Q1)	- / 0.91	0.857	6.18% (+0.05)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NVEC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$79.33	$62.69	-20.98%
May 07, 2025	$58.84	$65.52	+11.35%
Jan 22, 2025	$78.40	$68.78	-12.27%
Oct 23, 2024	$72.71	$71.96	-1.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does NVE Corp (NVEC) report earnings?

NVE Corp (NVEC) is schdueled to report earning on Oct 15, 2025, After Close (Confirmed).

What is NVE Corp (NVEC) earnings time?

NVE Corp (NVEC) earnings time is at Oct 15, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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What is NVEC EPS forecast?

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