NVE Q1 revenue rises 81% on product sales growth
NVE Q1 revenue rises 81% on product sales growth
Overview
US spintronic sensor maker's fiscal Q1 revenue rose 81% yr/yr, driven by product sales growth
Fiscal Q1 net income increased 79% yr/yr
Company declared quarterly dividend of $1.00 per share, payable August 31, 2026
Outlook
Company did not provide specific financial guidance or outlook in the press release
Result Drivers
PRODUCT SALES - 82% increase in product sales drove revenue growth, per company
CONTRACT RESEARCH - Contract research and development revenue rose 53%, contributing to overall revenue growth
SEMICONDUCTOR MARKET - Management said strong semiconductor market conditions supported growth
Company press release: ID:nBw1FT6pqa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue |
| $11 mln |
|
Q1 EPS |
| $1.32 |
|
Q1 Net Income |
| $6.39 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)