NVE Q2 Revenue Falls 8% to $5.83M; Declares $1.00 Quarterly Dividend
NVEC sits 80% above its 52-week low of $57.21.
Summary
NVE reported an 8% year-over-year revenue decline to $5.83M and $0.65 per diluted share for the September quarter, while first-half revenue rose 36%. The board declared a $1.00 per share quarterly dividend payable November 30, 2026.
Key Events · Earnings and Guidance · NVEC
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Q2 Revenue Declines 8%
Total revenue was $5.83M versus $6.35M a year earlier; product sales fell 9% to $5.58M while contract R&D rose 25% to $0.26M.
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Q2 EPS $0.65, Down From $0.68
Net income was $3.17M, or $0.65 per diluted share, compared with $3.31M and $0.68 in the prior-year quarter.
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First Half Still Up 36%
Six-month revenue reached $16.9M and net income $9.57M ($1.97 diluted), up 36% and 39% respectively, so the quarterly decline follows a strong first quarter.
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$1.00 Quarterly Dividend Declared
Payable November 30, 2026 to shareholders of record November 2, 2026; the payout exceeds quarterly EPS of $0.65 and is backed by about $44.4M in cash and marketable securities.
Analysis · NVEC · Manufacturing
A strong run came to a halt this quarter: revenue slipped 8% year over year to $5.83M and net income fell 4% to $3.17M ($0.65 per diluted share), driven by a 9% drop in product sales that a 25% rise in contract R&D only partly offset. The first half still shows 36% revenue growth and 39% higher net income, so the question is whether this is a one-quarter air pocket or the start of a demand slowdown in NVE's sensor and coupler business. At $1.00 per share, the quarterly dividend payable November 30 to holders of record November 2 is a large payout relative to the $0.65 quarterly EPS, but it is comfortably covered by the roughly $44.4M in cash and marketable securities, so it reads as a deliberate return of capital rather than distress.
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At the time of this filing, NVEC was trading at $103.07 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $498.6M. The 52-week trading range was $57.21 to $135.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.