NASDAQ · Semiconductors · Fiscal year endsFY ends March

NVE Corp

NVEC

$78.79-1.60 (-1.99%)Today

52-week low $57.21high $135.00

41.6% below its 52-week high

Next earningsJan 19, 2027

Revenue by fiscal year, $ millions

-7% over the years shown (FY17–FY26)

Fiscal years · gold is the latest

28.3

FY17

29.9

FY18+5%

26.5

FY19-11%

25.4

FY20-4%

21.4

FY21-16%

27.0

FY22+26%

38.3

FY23+42%

29.8

FY24-22%

25.9

FY25-13%

26.3

FY26+2%

Ten years, as filed

Income, cash flow and balance sheet

$ millions · gold is the latest

$ millions	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income
Revenue	28.33	29.86	26.47	25.41	21.37	26.99	38.25	29.80	25.87	26.33
Revenue growth	+2%	+5%	-11%	-4%	-16%	+26%	+42%	-22%	-13%	+2%
Gross margin	78.5%	79.0%	80.3%	80.8%	80.7%	76.8%	78.9%	77.3%	83.6%	78.7%
Operating income	17.45	18.45	15.92	15.51	12.74	16.33	25.64	18.52	15.99	15.92
Operating margin	61.6%	61.8%	60.2%	61.1%	59.6%	60.5%	67.0%	62.1%	61.8%	60.5%
Net income	12.95	13.91	3.61^†	14.53	11.69	14.51	22.69	17.12	15.06	15.20
Net margin	45.7%	46.6%	13.6%	57.2%	54.7%	53.8%	59.3%	57.5%	58.2%	57.7%
Cash flow
Operating cash flow	12.38	15.15	14.22	15.90	13.36	12.50	19.09	18.25	14.31	16.66
Capital expenditure	0.52	0.60	0.07	0.05	0.06	0.48	0.94	0.02	1.26	2.19
Free cash flow (calculated)	11.86	14.55	14.15	15.84	13.30	12.02	18.16	18.23	13.05	14.47
Share repurchases	—	—	—	0.69	0.09	0.16	0.02^†	0.00	—	—
Balance sheet
Cash and equivalents	8.20	4.76	6.88	8.07	10.43	10.45	1.67	10.28	8.04	1.71
Total assets	93.77	87.43	83.62	79.50	72.50	67.47	69.26	66.78	64.28	60.38
Total equity	92.68	86.44	82.78	78.00	70.89	64.57	67.08	65.57	62.27	58.25

Source: NVE Corp's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in March.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.