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NVE Fact Sheet
Overview NVE Corporation s 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.

NVE’s award-winning products are smaller, more precise, higher speed, and more rugged than conventional devices.
Historical Highlights
 1989  –  Founded as Nonvolatile Electronics, Inc. in Edina, Minn.
1990  – First government contracts
(from the National Science Foundation and the U.S. Navy)
1993  – First patent (“Offset magnetoresistive memory structures”)
1994  – Moved into a portion of current location in Eden Prairie, Minn.
   – First commercial spintronic sensor (NVSB50)
2000  – Formal name changed to NVE Corporation
 – Introduced spintronic couplers
2001  – Distribution agreement with Digi-Key
 – Pioneer MRAM patent (“Spin-dependent tunneling memory”)
2002  – Expanded into entire building at current location
2003  – NASDAQ direct listing (initial price of $7.85 per share)
2009  – Tunneling Magnetoresistive sensors
2018  – Smart sensors
2020  – World’s smallest DC-to-DC convertors
2023  – Most sensitive Tunneling Magnetoresistance sensors of their type
2024  – Seven kilovolt data couplers (highest isolation voltage in the industry)
2025  – Wafer-level chip-scale packages (the world’s smallest sensors of their type)
   – Completed production expansion
Major Product Lines • Spintronic sensors
• Spintronic couplers
Important Customers and Distributors • Abbott Laboratories
• Digi-Key Corporation
• America II Electronics
Financial Highlights
(from our Annual Report on Form 10-K for the fiscal year ended 3/31/26)
 • $26.3 million total revenue
• $15.2 million net income ($3.14/share)
• $16.7 million operating cash flow
• Among the highest margins in the semiconductor industry: 79% gross margin; 60% operating margin; 68% pretax margin; and 58% net margin
• $48 million cash plus marketable securities
Climate Impact
(from our Sustainability Report for the fiscal year ended 3/31/26)		 • 2,859 MtCO2e emissions in fiscal 2026
• 109 MtCO2e/$M revenue
• 52% carbon-free electricity
• Investments in energy efficiency
People • 42 employees
• $358,000 net income per employee
• 48% with bachelors or advanced degrees
• 33% employees from underrepresented groups, compared to 18% for Minnesota
• 7% employee turnover vs. 16% for the semiconductor industry
Awards and Accolades
More >		 • One of Minnesota’s Largest Public Companies (ranked 63rd by the Minneapolis / St. Paul Business Journal, April 2, 2026)
• Forbes 2022 America’s Best Small Companies (for the fifth time)
• Zippia 2018 Best Technology Company to Work for in Eden Prairie
• 2015 Technology Leadership Award for Spintronic Magnetic Sensors (Frost & Sullivan)
Dividend $1.00/share quarterly dividends since 2015
Stock Symbol
 Nasdaq: NVEC
Shares Outstanding 4,837,166 shares outstanding as of March 31, 2026
Stock Indices
More >		 Included in a number of Stock Indices including the Russell 2000, S&P Kensho Nanotechnology Index, and WisdomTree U.S. High Dividend Index
Patents • More than 50 issued U.S. patents
• Over 100 patents worldwide either issued, pending, or licensed from others
Facility Eden Prairie, Minnesota
Approximately 21,000 square feet of laboratories, offices, and production
Headquarters 11409 Valley View Road
Eden Prairie, MN 55344
(952) 829-9217