NVE Corporation (NVEC) Revenue History
Annual and quarterly revenue from 1996 to present
NVEC Revenue Over Time (1996–2026)
NVEC Revenue Growth History
16 of 30 years with positive growth- FY1996 revenue growth
- N/A
- FY1997 revenue growth
- +48.3%
- FY1998 revenue growth
- -32.1%
- FY1999 revenue growth
- -7.5%
- FY2000 revenue growth
- -29.9%
- FY2001 revenue growth
- +85.8%
- FY2002 revenue growth
- -2.4%
- FY2003 revenue growth
- +35.1%
- FY2004 revenue growth
- +27.1%
- FY2005 revenue growth
- -3.3%
- FY2006 revenue growth
- +4.8%
- FY2007 revenue growth
- +35.3%
- FY2008 revenue growth
- +24.7%
- FY2009 revenue growth
- +13.9%
- FY2010 revenue growth
- +20.4%
- FY2011 revenue growth
- +10.8%
- FY2012 revenue growth
- -8.4%
- FY2013 revenue growth
- -5.4%
- FY2014 revenue growth
- -4.1%
- FY2015 revenue growth
- +17.9%
- FY2016 revenue growth
- -9.4%
- FY2017 revenue growth
- +2.2%
- FY2018 revenue growth
- +5.4%
- FY2019 revenue growth
- -11.4%
- FY2020 revenue growth
- -4.0%
- FY2021 revenue growth
- -15.9%
- FY2022 revenue growth
- +26.3%
- FY2023 revenue growth
- +41.7%
- FY2024 revenue growth
- -22.1%
- FY2025 revenue growth
- -13.2%
- FY2026 revenue growth
- +1.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $7.7M | +5.3% |
| Q3 2026 | $6.2M | +22.9% |
| Q2 2026 | $6.3M | -6.1% |
| Q1 2026 | $6.1M | -10.0% |
| Q4 2025 | $7.3M | +2.6% |
| Q3 2025 | $5.1M | -25.1% |
| Q2 2025 | $6.8M | -5.3% |
| Q1 2025 | $6.8M | -23.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2022)
NVEC's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
By Geography
NVEC Revenue Analysis (1996–2026)
Current Revenue & Growth
As of June 22, 2026, NVE Corporation (NVEC) generated trailing twelve-month (TTM) revenue of $26.3 million, reflecting solid growth of +5.3% year-over-year. The most recent quarter (Q4 2026) recorded $7.7 million in revenue, up 23.0% sequentially.
Historical Growth Trajectory
NVEC's 5-year compound annual growth rate (CAGR) stands at +4.3%, indicating moderate growth over time. The 3-year CAGR of -11.7% is below the 5-year average, signalling a growth deceleration in recent years. NVE Corporation's highest annual revenue of $38.3 million was recorded in 2023.
Revenue by Segment
NVEC's revenue is primarily driven by Product (96%), and Contract Research and Development (4%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including MRAM (+15.9% YoY), SLAB (+25.1% YoY), and MPWR (+26.4% YoY) — NVEC has underperformed the peer group in revenue growth. Compare NVEC vs MRAM →
NVEC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NVECCurrent | $26M | +5.3% | +4.3% | 60.5% | |
 MRAM | $55M | +15.9% | +5.6% | -11.8% | |
 SLAB | $785M | +25.1% | +9.0% | -9.0% | |
 MPWR | $2.8B | +26.4% | +27.0% | 26.1% | |
 SITM | $327M | +65.2% | +23.0% | -18.5% | |
 ALGM | $890M | +22.8% | +8.5% | 4.8% |
NVEC Historical Revenue Data (1996–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $26.3M | +1.8% | $20.7M | 78.7% | $15.9M | 60.5% |
| 2025 | $25.9M | -13.2% | $21.6M | 83.6% | $16.0M | 61.8% |
| 2024 | $29.8M | -22.1% | $23.0M | 77.3% | $18.5M | 62.1% |
| 2023 | $38.3M | +41.7% | $30.2M | 78.9% | $25.6M | 67.0% |
| 2022 | $27.0M | +26.3% | $20.7M | 76.8% | $16.3M | 60.5% |
| 2021 | $21.4M | -15.9% | $17.2M | 80.7% | $12.7M | 59.6% |
| 2020 | $25.4M | -4.0% | $20.5M | 80.8% | $15.5M | 61.1% |
| 2019 | $26.5M | -11.4% | $21.3M | 80.3% | $15.9M | 60.2% |
| 2018 | $29.9M | +5.4% | $23.6M | 79.0% | $18.5M | 61.8% |
| 2017 | $28.3M | +2.2% | $22.2M | 78.5% | $17.4M | 61.6% |
| 2016 | $27.7M | -9.4% | $21.1M | 76.1% | $16.3M | 58.8% |
| 2015 | $30.6M | +17.9% | $24.6M | 80.3% | $19.3M | 62.9% |
| 2014 | $25.9M | -4.1% | $20.2M | 77.9% | $14.4M | 55.5% |
| 2013 | $27.0M | -5.4% | $20.0M | 74.0% | $15.2M | 56.2% |
| 2012 | $28.6M | -8.4% | $19.3M | 67.4% | $14.3M | 49.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
30+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NVEC — Frequently Asked Questions
Quick answers to the most common questions about buying NVEC stock.
Is NVEC's revenue growth accelerating or slowing?
NVEC revenue growth is holding steady at +5.3% year-over-year. TTM revenue is $26M. The current growth rate closely tracks the 5-year CAGR of +4.3%, signalling consistent execution.
What is NVEC's revenue history from 1996 to 2026?
NVE Corporation (NVEC) revenue history spans 1996 to 2026. TTM revenue as of 2026 is $26M, growing at +5.3% YoY. The 5-year CAGR is +4.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NVEC's long-term revenue growth rate (CAGR)?
NVE Corporation's 5-year revenue CAGR of +4.3% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +5.3% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NVEC.
Why does NVEC's quarterly revenue fluctuate?
NVEC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. NVE Corporation's revenue data from 1996 to 2026 shows full historical quarterly detail on this page.
How is NVEC's revenue distributed by segment?
NVEC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NVEC's revenue compare to industry peers?
NVE Corporation (NVEC) with TTM revenue of $26M and +5.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.