The Q2 revenue decline breaks a two-quarter growth streak and suggests product demand may be softening. With no forward guidance, the next 10-Q will be critical to see if the H1 strength was front-loaded or if the Q2 weakness is a trend. The consistent $1.00 dividend provides a floor but does not offset the operational deceleration.
Price Chart
Executive Summary
NVE Corp reported Q2 fiscal 2027 results with total revenue declining 8% YoY to $5.83M and net income down 4% to $3.17M ($0.65 diluted EPS), driven by a 9% drop in product sales. The company also announced a $1.00/share quarterly dividend. While the first-half revenue grew 36% YoY, the Q2 decline marks a reversal from the prior quarter's growth and signals softening demand in the core product business.
Key Financial Metrics
Key Facts
- Q2 fiscal 2027 total revenue decreased 8% YoY to $5.83M from $6.35M
- Product sales fell 9% YoY to $5.58M, partially offset by 25% CRAD revenue growth
- Net income declined 4% to $3.17M ($0.65 diluted) vs $3.31M ($0.68) in prior-year quarter
- First-half fiscal 2027 revenue grew 36% to $16.9M, net income up 39% to $9.57M
- Board declared $1.00/share quarterly dividend payable Nov 30, 2026
- No guidance provided in the release
Financial Impact
Revenue decline of $0.51M YoY in Q2; net income down $0.14M
Risk Factors
- Further product sales erosion if customer demand weakens
- Tariff and trade barrier risks explicitly cited in forward-looking statements
- Concentration risk from reliance on several large customers
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001376474-26-000663 |
| Document: nvec-20261021_8k.htm | 0001376474-26-000663 |
| Document: 0001376474-26-000663-index-headers.html | 0001376474-26-000663 |
| Document: 0001376474-26-000663-index.html | 0001376474-26-000663 |
| Document: 0001376474-26-000663.txt | 0001376474-26-000663 |
| 8-K Data (Synthetic) | 0001376474-26-000663 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $68.36 $72.64 | ▼ −6.26% | ▼ −6.78% | $75.56 (−10.53%) |
Aug 10, 2026 11w ago | 8-K | $116.87 $122.22 | ▲ +4.58% | ▲ +4.33% | $75.56 (−35.35%) |
Jun 22, 2026 18w ago | DEFA14A | $96.52 $91.17 | ▼ −5.54% | ▼ −5.50% | $75.56 (−21.72%) |
Jun 22, 2026 18w ago | DEFA14A | $96.52 $91.17 | ▼ −5.54% | ▼ −5.50% | $75.56 (−21.72%) |
Jun 22, 2026 18w ago | DEFA14A | $96.52 $91.17 | ▼ −5.54% | ▼ −5.50% | $75.56 (−21.72%) |
Jun 22, 2026 18w ago | 8-K | $96.52 $91.17 | ▼ −5.54% | ▼ −5.50% | $75.56 (−21.72%) |
Jun 12, 2026 19w ago | Institutional Cluster | $116.92 $114.36 | ▼ −2.19% | ▼ −3.95% | $75.56 (−35.37%) |
US Market Status
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