NVEC
NVE Corporation
NVEC's fundamentals are strong: revenue grew 24% and it turned 61% of its revenue into free cash flow. At 22x earnings, it's trading in line with its usual 22x.
NVEC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVEC's revenue, profitability, cash flow and balance sheet are all currently strong.
NVEC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $65.22 | -21% |
| Fair | 22x | $79.57 | -3.7% |
| Current | 22x | $82.60 | — |
| Expensive | 26x | $95.36 | +15% |
Historical ranges are pointers, not guarantees.
NVEC's PE is in its fair range at 22x.
NVEC Forward outlook
There aren't enough analyst estimates for NVEC to show an outlook.
NVEC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $3.69 | +29% |
| Q2 2026 | $3.72 | +24% |
| Q1 2026 | $3.14 | +1% |
| Q4 2025 | $2.92 | -5.5% |
| Q3 2025 | $2.85 | -14% |
| Q2 2025 | $3.00 | -14% |
| Q1 2025 | $3.11 | -12% |
| Q4 2024 | $3.09 | -31% |
NVEC earned $3.69 per share over the past year, up 29% from the year before.
NVEC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.8M | -8.1% |
| Q2 2026 | $11M | +81% |
| Q1 2026 | $7.7M | +5.3% |
| Q4 2025 | $6.2M | +23% |
| Q3 2025 | $6.3M | -6.1% |
| Q2 2025 | $6.1M | -10% |
| Q1 2025 | $7.3M | +2.6% |
| Q4 2024 | $5.1M | -25% |
NVEC's revenue is growing: $6M last quarter, down 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 55% | -2.7 points |
| Q2 2026 | 66% | +3.9 points |
| Q1 2026 | 62% | +3.4 points |
| Q4 2025 | 60% | +1.7 points |
| Q3 2025 | 58% | -7.4 points |
| Q2 2025 | 62% | -2.7 points |
| Q1 2025 | 58% | +1.1 points |
| Q4 2024 | 58% | -7.7 points |
NVEC's operating margin was 55% last quarter, down 2.7 points from the same quarter a year ago, near the bottom of its range since 2019.
NVEC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10M | +266% |
| Q2 2026 | $1.1M | -74% |
| Q1 2026 | $12.4M | +419% |
| Q4 2025 | -$4.8M | -226% |
| Q3 2025 | $2.7M | +41% |
| Q2 2025 | $4.1M | -16% |
| Q1 2025 | $2.4M | -24% |
| Q4 2024 | $3.8M | -20% |
NVEC generated $19M in free cash flow over the past year, up 43% from the year before.
NVEC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +5.2K shares |
| 1 year | +0.2% | +11.7K shares |
| 3 years | +0.2% | +10.1K shares |
| 5 years | +0.3% | +14.3K shares |
| Available history | +0.1% | +3.5K shares |
NVEC has 5M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $168 |
| Q1 2022 | $163,521 |
| Q1 2021 | — |
| Q4 2020 | — |
NVEC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.3x | Net Cash |
| Q3 2024 | -0.2x | Net Cash |
| Q2 2024 | -0.3x | Net Cash |
| Q1 2024 | -0.6x | Net Cash |
NVEC has more cash than debt.
NVEC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.6 | Neutral |
| Stochastic | 18.5 | Oversold |
NVEC's weekly RSI is 44 (neutral) and its Stochastic is 19 (oversold).
NVEC PE vs Technology Sector
| Metric | NVEC | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 28x | 20% below |
| PE % | 57 | 35 | 22 pts above |
NVEC is trading at 22x earnings, a 20% discount to the Technology sector's median of 28x.
NVEC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $92.8 | 11% below |
| 20 week MA | $100.5 | 18% below |
| 50 week MA | $86.8 | 4.8% below |
| 100 week MA | $77.8 | 6.2% above |
| 200 week MA | $78.7 | 4.9% above |
NVEC has slipped below its 8-, 20- and 50-week averages, though it's still 4.9% above its 200-week average.
NVEC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $71.4 | $55.6 | -22% |
| 2021 | $55.6 | $67.7 | +22% |
| 2022 | $67.7 | $65.6 | -3.2% |
| 2023 | $65.6 | $78.4 | +20% |
| 2024 | $78.4 | $82.4 | +5.1% |
| 2025 | $82.4 | $61.1 | -26% |
| 2026 YTD | $61.1 | $82.6 | +35% |
NVEC is up 35% so far in 2026, after finishing lower in three of the previous six years.