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21.10.26 - 22:18
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NVE Corporation Reports Second Quarter Results and Announces Quarterly Dividend (Business Wire)
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--NVE Corporation (Nasdaq: NVEC) announced financial results today for the quarter ended September 30, 2026.
Total revenue for the second quarter of fiscal 2027 decreased 8% to $5.83 million from $6.35 million for the prior-year quarter. The decrease was due to a 9% decrease in product sales, partially offset by a 25% increase in contract research and development revenue. Net income for the second quarter of fiscal 2027 decreased 4% to $3.17 million, or $0.65 per diluted share, compared to $3.31 million, or $0.68 per share, for the prior-year quarter.
For the first six months of fiscal 2027, total revenue increased 36% to $16.9 million from $12.5 million for the first six months of the prior year. The increase was due to a 35% increase in product sales and a 38% increase in contract research and development revenue. Net income increased 39% to $9.57 million, or $1.97 per diluted share, from $6.89 million, or $1.42 per share, for the first half of fiscal 2026.
The compan...
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14.10.26 - 22:18
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NVE Schedules Conference Call on Second-Quarter Results (Business Wire)
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter ended September 30, 2026 on Wednesday, October 21, 2026 after the close of the Nasdaq Regular Market. The company will hold its quarterly conference call later that day at 4:00 p.m. Central Time.
The quarterly call will be webcast live in a listen-only mode through the Investor Events page of NVE's Website (nve.com). An archive of the call will also be available on NVE's Website.
To dial into the conference call, parties should call 419-945-6082 and enter Meeting PIN: 320 883 894#. Parties may request to ask questions on the call by dialing in or logging into http://meet.google.com/oqd-tvto-zcw.
NVE is 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 cou...
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