NVE Corporation (NASDAQ: NVEC)

This investigation is for anyone who acquired securities in NVE Corporation (NASDAQ: NVEC) prior to October 21, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by stuffing the Company’s channels of distribution which artificially increased the Company’s revenue.

On October 21, 2026, NVE Corporation reported its financial results for the second quarter of fiscal 2027, revealing, among other things, that quarter over quarter revenue decreased 47%, product sales decreased 48%, gross profit decreased 49%, and diluted EPS decreased 51%. During the Company’s earnings call, Principal Financial Officer Daniel Nelson stated that “[t]he decrease in product sales was due to a short-term inventory adjustment at one of our large medical device customers and a 95% decrease in defense product sales.” Nelson stated that “we expect revenues in the second half of the fiscal year to be consistent with the first half.” The Company’s CEO, Peter Eames, further revealed the “variability was primarily from orders being pulled into quarter 1 from quarter 2.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in NVE Corporation (NASDAQ: NVEC) prior to October 21, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.