NVE Corp Q1 Profit Nearly Doubles, Shares Surge 43% to Record High
NVEC has more than doubled off its 52-week low of $57.21.
Summary
NVE Corp reported Q1 FY2027 revenue of $11 million, up 81% year-over-year, and net income of $6.39 million ($1.32 per share), nearly doubling from the prior year. The results crushed expectations, driven by new product sales and a strong semiconductor market. Shares surged as much as 43% to a 52-week high of $128.81. The company also declared a $1 per share quarterly dividend, signaling confidence in sustained cash generation. This follows a strong Q4 FY2026 and a planned CEO transition announced in June. The magnitude of the beat and the market reaction make this a significant event for traders.
At the time of this announcement, NVEC was trading at $120.38 on NASDAQ in the Technology sector, with a market capitalization of approximately $582.3M. The 52-week trading range was $57.21 to $128.81. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.