NVE Q1 FY27 net income rises 79% to $6.39 million; revenue increases 81% to $11 million
NVEC•Dividend
A quarterly cash dividend of $1 per share is payable Aug. 31 to shareholders of record Aug. 3.
Quarterly results
NVE reported fiscal Q1 net income up 79% to $6.39 million, or $1.32 per diluted share.
Revenue climbed 81% to $11 million, driven by an 82% increase in product sales and a 53% rise in contract R&D revenue.
Operating income and business drivers
Operating income rose to $7.27 million; Daniel A. Baker cited new product sales and a strong semiconductor market.
