NVE Corporation

What NVE Corporation does

NVE Corporation is a U.S.-based, NASDAQ-listed (NVEC) designer and manufacturer of spintronic components founded in 1989 and headquartered in Eden Prairie, Minnesota. The company commercializes Giant Magnetoresistance (GMR) and Tunnel Magnetoresistance (TMR) technology — physics that exploits electron spin rather than electron charge — to produce magnetic sensors, digital isolators, power ICs, and magnetoresistive random-access memory (MRAM) intellectual property. Its sensors are sold in analog, digital, angle/rotation, current, gear-tooth, medical, and smart variants, while its IsoLoop isolator family covers low-power, transceiver, cost-optimized, passive-input, high-speed, and high-voltage (up to 7 kV) product tiers for RS-485, CAN, I2C, SPI, USB, and PLC interfaces.

NVE sells primarily to industrial, medical, automotive, communications, and defense customers, with one customer accounting for 37% of total revenue (likely Abbott Laboratories, whose supply agreement was extended through December 2027). Distribution combines a direct e-commerce webstore with a global authorized distributor network; in April 2026, Semitech was appointed as authorized distributor for isolation products, providing access to 14,000+ end customers. Pricing is unit-based with published volume tiers (e.g., the IL3022E ranges from $4.71 at 1-9 units to $3.41 at 500+ units); no subscription or recurring pricing model exists. In fiscal 2026, NVE generated $26.3 million in total revenue and $15.2 million in net income (a 57.8% net margin), with Q4 FY2026 non-defense product sales up 34% year-over-year and Q3 FY2026 contract R&D revenue up 335% year-over-year.

Name

NVE Corporation

Legal name

NVE Corporation

Website

https://nve.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

NVE Corporation is a NASDAQ-listed designer and manufacturer of spintronic GMR and TMR magnetic sensors, IsoLoop digital isolators, and power ICs, serving industrial, medical, automotive, communications, and defense customers from Eden Prairie, Minnesota.

Ownership category

akta.pro rank

Product category

Spintronic Components and Magnetic Sensors

NAICS

Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing (334416), Other Electronic Component Manufacturing (334419)

SIC

Semiconductors & Related Devices (3674), Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

Magnetic Sensors (Hall/Magnetoresistive/Compass) (HDAHALAC)

akta.pro secondary industries

Transformers & Magnetics (Power/Signal) (HDAHANAD), Automotive Power Electronics & Inverters/Converters Manufacturing (IMACAJAE)

Keywords

• Spintronic sensors
• Magnetic field sensing
• Digital isolators
• MRAM technology
• Galvanic isolation

Headquarters

HQ city

Eden Prairie

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Product Sales: Sale of spintronic sensors (GMR, TMR), digital isolators, and power ICs to industrial, medical, automotive, and communications customers. FY2026 product sales were $25.2 million on total revenues of $26.3 million. A single customer represents 37% of total revenues.
2. Contract R&D: Contract research and development services. Q3 FY2026 saw a 335% surge in contract R&D revenue, demonstrating growth in this revenue stream alongside product sales.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

NVE Corporation manufactures and sells spintronic products including GMR (Giant Magnetoresistance) and TMR (Tunnel Magnetoresistance) magnetic sensors, IsoLoop digital isolators for galvanic isolation, power ICs, and MRAM intellectual property. These products are used by industrial, medical, automotive, communications, and defense customers to acquire, store, and transmit data with smaller, faster, more precise, lower-power, and more rugged performance than conventional devices.

Product overview

NVE Corporation is a leader in practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. The company's product portfolio consists of three core product lines: (1) Spintronic Sensors including GMR (Giant Magnetoresistive) and TMR (Tunneling Magnetoresistive) sensors with various form factors for analog, digital, angle/rotation, current, gear tooth, medical, and smart sensing applications; (2) IsoLoop Isolators providing digital isolation solutions across multiple series (IL01x low-power, IL400/IL3000 transceivers, IL500 cost-optimized, IL600 passive-input, IL700/IL200 digital input, IL800 premium, and V Series high-voltage up to 7kV); and (3) Power ICs including voltage regulators and DC-to-DC converters with integrated isolation. The company also offers evaluation kits and supporting tools for product development.

Differentiator

Problem solved

Functional benefit

Brands

• IsoLoop: Digital isolation product line including isolators and couplers
• GMR Switch
• GT Sensor
• AT-MRAM

Products and services

• GMR Sensors Giant Magnetoresistive (GMR) sensors that detect magnetic fields for position sensing, current sensing, and proximity detection in industrial, automotive, aerospace, and medical applications.
• TMR Sensors Tunneling Magnetoresistive (TMR) sensors offering higher sensitivity and precision than GMR, used in precision position sensing, angular measurement, and magnetic encoding applications.
• Isolators (IsoLoop) Digital isolation products using spintronic technology for galvanic isolation in data transmission, providing superior speed, reliability, and lifetime compared to optocouplers. The IsoLoop family includes IL01x low-power, IL400/IL3000 transceivers, IL500 cost-optimized, IL600 passive-input, IL700/IL200 digital input, IL700S ultra-high-speed, IL700T high-temperature, IL800 premium, IL3100 passive-in transceivers, and V Series high-voltage (up to 7 kV) isolators.
• Power ICs Voltage regulators, DC-to-DC converters, and power management ICs integrated with isolation technology for power electronics applications.
• Medical Sensors Specialized magnetic sensors for medical device applications requiring high reliability and precision in diagnostic and therapeutic equipment, with EU MDR Declaration of Compliance.
• Evaluation Kits Evaluation boards and kits for testing and prototyping with NVE sensors, isolators, and power ICs.
• Angle & Rotation Sensors Magnetic angle sensors for non-contact rotation and angle measurement in motor control, robotics, and positioning systems.
• Current Sensors Magnetic current sensors using GMR or TMR technology for non-contact current measurement in power electronics and battery management systems.
• Gear Tooth (GT) Sensors Magnetic sensors designed for gear tooth detection in speed and position sensing for automotive, industrial machinery, and robotics applications.
• Wafer-Level Chip Scale Sensor (0.65mm) A new wafer-level chip scale spintronic sensor measuring just 0.65mm square, announced during Q3 FY2026 earnings.
• Contract Research and Development Services Contract research and development services leveraging NVE's spintronics expertise; Q3 FY2026 saw a 335% surge in contract R&D revenue.
• Smart Sensors Intelligent sensors with integrated signal processing, I2C/SPI interfaces, and programmable features for advanced sensing applications.

Quantifiable outcome

• 57.8% net margin (fiscal 2026 net income of $15.2 million on $26.3 million revenue)
• +4 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and major.

• Semitech IncorporatedcoreChannel Partner/ Reseller/ Distributor · 30 April 2026Semitech, a New Jersey-based global stocking distributor of electronic components, was appointed as an authorized distributor for NVE Corporation's portfolio of isolation products. Through this partnership, Semitech offers NVE's digital isolation solutions to its more than 14,000 clients across industrial, medical, automotive, and communications sectors. The agreement is positioned to expand customer sourcing options and accelerate adoption of NVE isolator products in the U.S. market.
• Abbott LaboratoriesmajorChannel Partner/ Reseller/ DistributorNVE extended its supplier partnership agreement with Abbott Laboratories for two years through December 2027. Abbott represents a significant customer, with one single customer (likely Abbott) representing 37% of NVE's total revenues.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Texas Instruments: Texas Instruments is a leading manufacturer of digital isolators (ISO series) and a broad analog semiconductor incumbent. It directly competes with NVE's IsoLoop isolator family in industrial, automotive, and communications applications, and has substantially greater scale and integrated reference design ecosystems.
• Silicon Laboratories: Silicon Labs offers digital isolators as part of its mixed-signal portfolio for industrial and automotive applications, directly competing with NVE's IsoLoop product family in isolated serial interface and PLC use cases.
• Everspin Technologies: Everspin Technologies is the leading pure-play MRAM (Magnetoresistive RAM) company, the most direct competitor to NVE in spintronic memory IP and products. Both companies pursue commercialization of MRAM technology for non-volatile memory applications.
• Infineon Technologies: Infineon is a leading supplier of magnetic position and angle sensors (including TMR-based sensors from its SensoNor acquisition) for automotive and industrial applications, directly competing with NVE's GMR/TMR sensor portfolio in EV and motor control use cases.
• Allegro MicroSystems: Allegro MicroSystems specializes in magnetic sensors and motor driver ICs for automotive, industrial, and consumer applications. Its portfolio of Hall-effect and TMR magnetic position and current sensors directly overlaps with NVE's automotive-targeted sensor products.
• TDK (InvenSense / TDK-Micronas): TDK, through its InvenSense and TDK-Micronas units, manufactures magnetic position and angle sensors (including TMR and Hall-effect) for automotive and industrial markets, directly competing with NVE's TMR angle and gear-tooth sensors.

Broad incumbents

• STMicroelectronics: STMicroelectronics is a broad semiconductor incumbent with significant positions in magnetic sensors (Hall-effect and magnetoresistive) for automotive and industrial applications, providing competitive alternatives to NVE's sensor portfolio.
• Renesas Electronics: Renesas is a broad semiconductor incumbent with offerings in magnetic position sensors and isolators for automotive and industrial markets, competing with NVE across multiple product lines as part of a much larger integrated portfolio.
• Analog Devices: Analog Devices is a broad analog and mixed-signal semiconductor leader with overlapping offerings in digital isolation (iCoupler) and magnetic/position sensing. While not a direct spintronics specialist, its portfolio overlaps with NVE's isolator and sensor lines across industrial and automotive end markets.
• Honeywell Sensing: Honeywell is a major manufacturer of magnetic sensors (including Hall-effect and magnetoresistive) for industrial, aerospace, and defense applications, providing an established alternative to NVE's sensor products in ruggedized end markets.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/NveCorporation
• YouTubeyoutube.com/nvecorporation
• Xx.com/nvecorporation
• LinkedInlinkedin.com/company/nve-corporation

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NVE Corporation