NVE Q1 revenue rises 81% on product sales growth
NVEC•Key details
| Metric | Actual |
|---|---|
| Q1 Revenue | $11 mln |
| Q1 EPS | $1.32 |
| Q1 Net Income | $6.39 mln |
Drivers and outlook
- Product sales — 82% increase in product sales drove revenue growth, per the company.
- Contract research — Contract research and development revenue rose 53%, contributing to overall revenue growth.
- Semiconductor market — Management said strong semiconductor market conditions supported growth.
The company did not provide specific financial guidance or outlook in the press release.
Q1 revenue and profit rise on product sales growth
US spintronic sensor maker's fiscal Q1 revenue rose 81% year over year, driven by product sales growth.
Fiscal Q1 net income increased 79% year over year.
The company declared a quarterly dividend of $1.00 per share, payable August 31, 2026.
