The earnings call highlighted strong operational performance with increased R&D revenue and significant cost reductions. However, there were challenges with decreased product sales, gross margin, and net income, primarily due to volatility in the defense sector. The company is optimistic about future growth driven by new equipment deployment, tax credits, and promising leads from trade shows.

Company Guidance -

Q2 2026

During the NVE Corporation Conference Call for the quarter ended June 30, 2025, guidance was provided that highlighted a 10% year-over-year revenue decrease, primarily due to an 11% drop in product sales, offset by a 17% rise in contract R&D revenue. The company noted a decline in defense sales, which are typically volatile due to procurement cycles, but observed stabilization in nondefense sales and a recovery in distributor sales. Gross margin fell to 81% from 86%, reflecting a less profitable product mix and a strengthening of distributor sales, which usually have lower margins. Total expenses were reduced by 20%, with R&D and SG&A expenses decreasing by 18% and 23%, respectively. The net income for the quarter decreased by 13% to $3.58 million, or $0.74 per diluted share. Operating margin was 62%, pretax margin was 70%, and net margin was 59%. The company made fixed asset purchases of $1.06 million, mainly for wafer fabrication equipment, and anticipates realizing $700,000 to $800,000 in advanced manufacturing investment tax credits in fiscal 2026. They also paid a $1 per share dividend, with operating cash flow of $5.19 million covering the $4.84 million dividend. The call emphasized the expectation of sequential growth in military orders and a focus on new product developments and market expansions.

Strong Revenue and Earnings

The company reported strong revenue and earnings for the quarter, driven by an increase in distributor and nondefense sales despite a decrease in defense sales.

Increase in Contract R&D Revenue

Contract R&D revenue increased by 17%, partially offsetting the 11% decrease in product sales.

Decrease in Total Expenses

Total expenses decreased by 20% for the first quarter of fiscal 2026 compared to the first quarter of fiscal 2025, mainly due to an 18% decrease in R&D expense and a 23% decrease in SG&A.

Advanced Manufacturing Investment Tax Credit

The 25% advanced manufacturing investment tax credit was extended, with expected credits between $700,000 and $800,000 for fiscal 2026.

Strong Profitability Metrics

Operating margin was 62%, pretax margin was 70%, and net margin was 59%.

Deployment of New Equipment

The company deployed new wafer fabrication equipment and expects to complete their two-year multimillion dollar expansion soon.

Market Expansion Through Trade Shows

The company promoted new products at major trade shows in Germany and Silicon Valley, leading to promising leads for future sales.

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	$80.66	$63.74	-20.98%
May 07, 2025	$59.82	$66.61	+11.35%
Jan 22, 2025	$79.72	$69.93	-12.28%
Oct 23, 2024	$73.92	$73.17	-1.01%

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.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NVEC EPS forecast?

Currently, no data Available

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing