NVECNasdaqSemiconductors & Related DevicesUS GAAP · USD

NVE Corporation

NVE Corp is a Minnesota-based semiconductor company that develops and sells spintronic devices, including magnetic sensors, couplers, and MRAM-related technologies. Its products are used to acquire, transmit, and store information in industrial, medical, defense, and other electronic systems, with sales reaching customers in more than 75 countries through distributors and direct channels.

Kysy yhtiöstä
Liikevaihto26,3milj. USD
+1,8 %v/v
Liikevoitto (EBIT)15,9milj. USD
−0,5 %v/v
EBIT-marginaali60,5%
−1,4 %-yks.v/v
Nettotulos15,2milj. USD
+0,9 %v/v
Vapaa kassavirta14,5milj. USD
+10,8 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

010203040milj. USD2021: 21 milj. USD2021: EBIT 13 milj. USD20212022: 27 milj. USD2022: EBIT 16 milj. USD20222023: 38 milj. USD2023: EBIT 26 milj. USD20232024: 30 milj. USD2024: EBIT 19 milj. USD20242025: 26 milj. USD2025: EBIT 16 milj. USD20252026: 26 milj. USD2026: EBIT 16 milj. USD20262616
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: NVE Corporation

Liiketoiminta

Osuus liikevaihdosta
Magnetic sensors70 %

Spintronic sensors used to detect position, speed, magnetic fields, and device states.

Couplers20 %

Spintronic couplers used to transmit data with high isolation and compact size.

Contract research and development5 %

Customer-funded research and development work under specific contracts.

MRAM technology and related licensing3 %

Spintronic memory technology and intellectual property licensing for specialized applications.

Evaluation boards and other products2 %

Development boards and smaller product lines supporting design-in and testing.

Asiakkaat

NVE sells primarily to industrial, medical device, defense, and electronics customers that need compact, high-sensitivity magnetic sensing or isolated data transmission. A large part of the business runs through distributors, while some products are sold directly or through private-brand partnerships with integrated device manufacturers. The company also serves research and development customers through funded contracts tied to specific technology programs.

Industrial automation and equipment OEMs

Buy magnetic sensors for position, speed, and mechanism detection in industrial systems.

Medical device manufacturers

Buy miniature sensors for implantable and other medical applications where size and reliability matter.

Defense and aerospace customers

Buy sensors and related products for specialized applications with procurement-driven demand.

Distributors and electronics channels

Stock and resell products globally, expanding reach across many smaller end customers.

Research and development sponsors

Fund contract R&D work for new spintronic devices and application-specific development.

Strategia

NVE’s strategy is to compete on product performance, size, sensitivity, and reliability rather than price alone. It continues to develop new spintronic products, including advanced sensors, wafer-level chip-scale devices, and next-generation MRAM concepts, while using distributors and private-brand partnerships to broaden market access.

New product developmentKeskipitkä aikaväli

Fresh sensor and memory designs support future design wins and keep the technology differentiated.

Channel expansionLyhyt aikaväli

Distributor and private-brand relationships extend market access without building a large direct sales force.

Technology differentiationPitkä aikaväli

Performance advantages in size, sensitivity, and isolation help defend pricing and customer retention.

Maantiede

NVE is headquartered in Minnesota in the United States, but its commercial reach is global through distributors and direct sales. The company states that its products are sold in more than 75 countries, and most packaging services are performed in Asia while wafer sources are based around the world. This makes the business dependent on international supply chains even though the core operating base is U.S.-based.

Riskit

NVE depends on a small number of specialized suppliers and packaging vendors, so any disruption can interrupt production and shipments. Demand can also be uneven because defense sales are tied to procurement cycles, while medical and industrial customers impose strict qualification and quality requirements. The company faces competition from larger semiconductor and sensor vendors, plus foreign-supply-chain, cybersecurity, and tax-related risks that can affect operations and reported results.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Single-source wafer supplier disruption1Packaging vendor interruption2Competition and pricing pressure3Foreign operations and supply-chain exposure4Customer qualification and audit failure5Cybersecurity and IT disruption6
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Single-source wafer supplier disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on key wafer suppliers, and a loss of supply could halt production.

    Kohdistuu: Manufacturing continuity and revenue delivery

  2. Packaging vendor interruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Many products are difficult to package and alternate vendors may be costly or impractical.

    Kohdistuu: Finished-goods availability and work-in-process recovery

  3. Competition and pricing pressureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Larger rivals may match features or use scale to pressure pricing.

    Kohdistuu: Gross profit and market share

  4. Foreign operations and supply-chain exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Sales and sourcing are international, creating tariff, transport, and geopolitical risk.

    KohdistuuCost of goodsDelivery timingExport competitiveness
  5. Customer qualification and audit failureVaikutus: KeskitasoTodennäköisyys: Matala

    Medical and other customers require strict technical and quality standards.

    Kohdistuu: Key customer retention and future sales

  6. Cybersecurity and IT disruptionVaikutus: KeskitasoTodennäköisyys: Matala

    The business depends on proprietary information and sensitive contract work.

    KohdistuuOperationsReputationContract eligibility
Kysy Clarifolta: NVE Corporation

Kirjanpito

Harkinnanvaraiset erät
Revenue mix between product sales and contract R&D

Different contract types can shift quarterly revenue recognition and comparability.

Vaikutus: Quarterly revenue volatility

Marketable securities valuation

Debt investments are carried at fair value and unrealized changes affect equity and earnings when realized.

Vaikutus: Other comprehensive income and investment gains/losses

Inventory valuation

Specialized semiconductor products can require write-downs if demand or obsolescence changes.

Vaikutus: Gross margin and working capital

Deferred tax assets

Recognition depends on expected future taxable income and tax planning assumptions.

Vaikutus: Tax expense and balance-sheet assets

Credit losses on receivables

Expected credit loss estimates can change with customer payment risk.

Vaikutus: Operating results and net income

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NXP Semiconductors N.V.

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Päivitetty: 24.9.2026