NVE Corporation reported an 81% increase in total revenue to $11.0 million for the first quarter of fiscal 2027, driven by higher product sales and a strong semiconductor market. Product sales rose 82% to $10.7 million across defense and nondefense lines, while contract research and development revenue grew 53% to $299,322. Net income climbed 79% to $6.39 million, or $1.32 per diluted share, compared with $3.58 million, or $0.74 per share, in the prior-year period. Gross margin improved to 81.3% of revenue from 80.6%, and operating margin reached 66%. The company also announced the launch of two new wafer-level chip scale sensors for miniaturized implantable medical devices, which are stable in magnetic fields exceeding 9 Tesla for MRI safety. President and CEO Daniel Baker will retire in August 2026, with Vice President of Advanced Technology Peter Eames appointed as his successor, and the board plans to expand from five to seven directors pending shareholder approval.
NVE CorporationRevenue surged 81% to $11M, net income up 79%, margins improved, strong earnings report.