NVE Corporation reported financial results for the first quarter of fiscal 2027, ended June 30, 2026, with total revenue increasing 81% to $11.0 million from $6.10 million in the prior-year quarter. Net income rose 79% to $6.39 million, or $1.32 per diluted share, compared to $3.58 million, or $0.74 per diluted share, for the same period last year. The company attributed the growth to an 82% increase in product sales and a 53% increase in contract research and development revenue. Additionally, NVE announced a quarterly cash dividend of $1.00 per share, payable on August 31, 2026 to shareholders of record as of August 3, 2026.

Financial Performance Summary

The following table outlines the key financial metrics reported by NVE for the quarter compared to the previous year:

The double-digit percentage growth across both the top and bottom lines reflects the effectiveness of NVE's business strategies in the current market environment. "We’re pleased to report exceptional growth in revenue and earnings driven by new product sales and a strong semiconductor market," said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D.

NVE Corporation will release its financial results for the quarter ended June 30, 2026, on Wednesday, July 22, 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 to discuss the performance.

The quarterly call will be webcast live in a listen-only mode through the Investor Events page of NVE’s Website. An archive of the call will also be available on NVE’s Website for those unable to attend the live session.

Participants can dial into the conference call by calling 419-945-6082 and entering Meeting PIN: 320 883 894#. Parties may request to ask questions on the call by dialing in or logging into the provided Google Meet link.

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 couplers that are used to acquire and transmit data.

Statements related to future plans, events, financial results, or performance are forward-looking statements subject to risks and uncertainties. These include the risk factors listed in NVE's filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended March 31, 2026.