Earnings release
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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 October 21, 2026 NVE CORPORATION (Registrant) /s/ DANIEL NELSON Daniel Nelson Principal Financial Officer 3 INDEX TO EXHIBITS Exhibit # Description 99 Press release of NVE Corporation reporting results for the quarter ended September 3 0 , 202 6 and announcing a quarterly dividend. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 4 http://A V1CIQSHMP4EB:8080/CIQDotNet/Filings/DownloadSECResource.axd?versionId=-1125517788&res=Picture+1 NVE Corporation Reports Second Quarter Results and Announces Quarterly Dividend EDEN PRAIRIE, Minn.—October 21, 2026—NVE Corporation (Nasdaq: NVEC) announced financial results today for the quarter ended September 30, 2026. Total revenue for the second quarter of fiscal 2027 decreased 8% to $5.83 million from $6.35 million for the prior-year quarter. The decrease was due to a 9% decrease in product sales, partially offset by a 25% increase in contract research and development revenue. Net income for the second quarter of fiscal 2027 decreased 4% to $3.17 million, or $0.65 per diluted share, compared to $3.31 million, or $0.68 per share, for the prior-year quarter. For the first six months of fiscal 2027, total revenue increased 36% to $16.9 million from $12.5 million for the first six months of the prior year. The increase was due to a 35% increase in product sales and a 38% increase in contract research and development revenue. Net income increased 39% to $9.57 million, or $1.97 per diluted share, from $6.89 million, or $1.42 per share, for the first half of fiscal 2026. The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable November 30, 2026 to shareholders of record as of November 2, 2026. “We’re pleased to report a 36% increase in revenue for the six months ended September 30, 2026, compared to the prior-year period, despite an 8% decrease in revenue for the second quarter of fiscal 2027 compared to the prior-year quarter,” said NVE President and Chief Executive Officer Peter G. Eames, PhD. 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
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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 AND SIX MONTHS ENDED SEPTEMBER 30, 2026 AND 2025 (Unaudited) Quarter Ended September 30, 2026 2025 Revenue Product sales $ 5,575,282 $ 6,138,772 Contract research and development 259,420 208,220 Total revenue, net 5,834,702 6,346,992 Cost of sales 1,270,805 1,378,494 Gross profit 4,563,897 4,968,498 Expenses Research and development 727,345 873,470 Selling, general, and administrative 630,314 436,919 Total expenses 1,357,659 1,310,389 Income from operations 3,206,238 3,658,109 Interest income 474,727 484,330 Other income - 3,094 Income before taxes 3,680,965 4,145,533 Provision for income taxes 507,806 834,695 Net income $ 3,173,159 $ 3,310,838 Net income per share – basic $ 0.66 $ 0.68 Net income per share – diluted $ 0.65 $ 0.68 Weighted average shares outstanding Basic 4,842,050 4,837,166 Diluted 4,850,910 4,839,243 Six Months Ended Sept. 30, 2026 2025 Revenue Product sales $ 16,310,017 $ 12,047,342 Contract research and development 558,742 404,294 Total revenue, net 16,868,759 12,451,636 Cost of sales 3,336,850 2,561,017 Gross profit 13,531,909 9,890,619 Expenses Research and development 1,673,927 1,593,701 Selling, general, and administrative 1,385,908 855,559 Total expenses 3,059,835 2,449,260 Income from operations 10,472,074 7,441,359 Interest income 924,647 982,538 Other income - 3,905 Income before taxes 11,396,721 8,427,802 Provision for income taxes 1,829,371 1,541,146 Net income $ 9,567,350 $ 6,886,656 Net income per share – basic $ 1.98 $ 1.42 Net income per share – diluted $ 1.97 $ 1.42 Weighted average shares outstanding Basic 4,839,621 4,837,166 Diluted 4,848,187 4,839,049 NVE CORPORATION BALANCE SHEETS SEPTEMBER 30 AND MARCH 31, 2026
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(Unaudited) September 30, 2026 March 31, 2026 ASSETS Current assets Cash and cash equivalents $ 3,969,958 $ 1,714,040 Marketable securities, short-term 19,678,659 18,125,060 Accounts receivable, net of allowance for credit losses of $15,000 3,005,928 3,408,941 Inventories, net 6,860,310 7,082,821 Prepaid expenses and other assets 1,541,483 1,860,415 Total current assets 35,056,338 32,191,277 Fixed assets Machinery and equipment 13,925,767 13,843,799 Leasehold improvements 2,059,853 2,059,853 15,985,620 15,903,652 Less accumulated depreciation and amortization 12,652,165 12,187,643 Net fixed assets 3,333,455 3,716,009 Marketable securities, long-term 20,739,953 23,678,452 Right-of-use asset – operating lease 732,004 793,794 Total assets $ 59,861,750 $ 60,379,532 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities Accounts payable $ 252,399 $ 278,599 Accrued payroll and other 751,695 697,611 Operating lease 202,612 165,116 Total current liabilities 1,206,706 1,141,326 Deferred tax liabilities 9,990 248,284 Long-term operating lease liability 668,708 740,423 Total liabilities 1,885,404 2,130,033 Shareholders’ equity Common stock 48,441 48,372 Additional paid-in capital 20,175,512 19,914,769 Accumulated other comprehensive loss (452,080) (32,010) Retained earnings 38,204,473 38,318,368 Total shareholders’ equity 57,976,346 58,249,499 Total liabilities and shareholders’ equity $ 59,861,750 $ 60,379,532