NVE Corp. (NASDAQ:NVEC) shares fell 21.42% to $80.99 in after-hours trading Wednesday after the company reported an 8% year-over-year decline in second-quarter fiscal 2027 revenue.
NVE Corporation develops and manufactures spintronic products, including sensors and couplers, that use electron spin to acquire, store and transmit information.
Second-Quarter Revenue Falls 8%
NVE reported second-quarter fiscal 2027 revenue of $5.83 million, down from $6.35 million in the prior-year quarter. The decline was driven by a 9% decrease in product sales, partially offset by a 25% increase in contract research and development revenue.
Net income decreased 4% to $3.17 million, or $0.65 per diluted share, compared with $3.31 million, or $0.68 per diluted share, a year earlier.
First-Half Revenue Rises 36%
For the six months ended Sept. 30, 2026, NVE reported revenue of $16.87 million, up 36% from $12.45 million in the same period last year.
Net income increased 39% to $9.57 million, or $1.97 per diluted share, compared with $6.89 million, or $1.42 per diluted share, in the first half of fiscal 2026.
NVE Announces Quarterly Dividend
The company announced a quarterly cash dividend of $1 per share, payable Nov. 30, 2026, to shareholders of record as of Nov. 2, 2026.
NVE President and CEO Peter G. Eames said the company was pleased to report 36% revenue growth for the first six months of fiscal 2027 despite the second-quarter revenue decline.
Trading Metrics, Technical Analysis
NVE Corporation has a market capitalization of approximately $498.57 million.
Over the past year, NVE shares have gained approximately 40.7%.
The stock has traded between a 52-week high of $135.00 and a 52-week low of $57.21.
Benzinga Edge Stock Rankings show negative price trends in the short and medium term and a positive price trend in the long term.
Price Action: NVEC shares closed regular trading at $103.07 on Wednesday, up 1.00% for the session.
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