NVE earnings weakened in the second quarter of fiscal 2027, but the spintronic-device maker retained substantial growth across the first half. Revenue for the quarter ended September 30, 2026, fell 8% to $5.83 million, as disclosed in the company’s October 21, 2026, 8-K filing.
Key Takeaways
- Quarterly net income fell 4% to $3.17 million, or $0.65 per diluted share.
- First-half revenue increased 36% to $16.9 million, while net income rose 39%.
Table of Contents
NVE earnings reflect weaker quarterly product sales
The quarterly sales decline came primarily from a 9% decrease in product revenue. Contract research and development revenue moved in the opposite direction, rising 25% and partially offsetting the weakness. Total revenue compared with $6.35 million in the same quarter a year earlier.
NVE reported cost of sales of $1.27 million, leaving approximately $4.56 million in gross profit. Research and development expenses were $727,345, while selling, general and administrative expenses totaled about $630,314. Operating income was roughly $3.21 million.
Based in Eden Prairie, Minnesota, NVE develops and manufactures devices that use electron spin to sense and transmit information. Its products include magnetic sensors and magnetically isolated couplers for applications in industrial, medical, automotive and defense markets.
First-half results remain ahead of last year
For the six months ended September 30, revenue increased to $16.9 million from $12.5 million a year earlier. Product sales rose 35%, while contract research revenue increased 38%. First-half net income reached $9.57 million, or $1.97 per share, up 39%.
President and CEO Peter G. Eames highlighted the contrast between the quarterly revenue decline and the six-month increase in the company’s results commentary.
Total assets stood at $59.86 million on September 30, compared with $60.38 million at the end of March 2026. Cash and cash equivalents totaled $3.97 million, and current liabilities were $1.21 million.
Insider stock sales totaled approximately $5.3 million over the preceding 12 months.
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