Quarterly ResultJul 22, 2026, 04:13 PM
NVE Q1 Revenue +81% to $11.03M; Net Income +79% to $6.39M
AI Summary
NVE Corporation reported strong first-quarter fiscal 2027 results with total revenue increasing 80.7% to $11.03 million, primarily driven by an 81.7% rise in product sales. Net income surged 78.8% to $6.39 million, resulting in basic earnings per share of $1.32. The company also declared a quarterly cash dividend of $1.00 per share, consistent with the prior year, and has a remaining stock repurchase authorization of $3.52 million.
Key Highlights
- Total revenue increased 80.7% to $11.03 million for Q1 FY27.
- Product sales rose 81.7% to $10.73 million.
- Net income grew 78.8% to $6.39 million.
- Basic net income per share was $1.32, up from $0.74 in the prior year.
- Net cash provided by operating activities was $5.31 million.
- Cash dividends declared per common share remained $1.00.
- Board declared a subsequent quarterly dividend of $1.00 per share.
- Remaining stock repurchase authorization was $3.52 million as of June 30, 2026.
Price Impact
More from NVEC