NVEC — NVE Corporation

NVE Corporation (NVEC) is a semiconductors company listed on NASDAQ. It is led by Daniel A. Baker Ph.D., based in 11409 Valley View Road, Eden Prairie, MN, United States, 55344, with about 40 employees. NVE Corporation develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information in the United States. The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for power conversion, industrial Internet of Things (IIoT), and the Artificial Intelligence of Things (AIoT) markets; DC-to-DC converters for use in energy conversion systems and industrial networks for IIoT and AIoT. Additionally, it undertakes contracts for research and development and licenses spintronic magnetoresistive random access memory technology. The company sells its products through distributors. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.

Latest reported NVEC revenue for 2025-09-30 was $6.3M. Net income was $6.9M. Revenue was up 4.0% from 2025-06-30 to 2025-09-30. NVEC currently screens at market cap $527.6M and trailing P/E 34.7.

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