NVE Corporation reported second quarter fiscal 2027 results that significantly missed analyst expectations on both the top and bottom lines. Total revenue declined 8% year-over-year to $5.83 million, primarily due to a contraction in its core product sales, though the company maintained its $1.00 per share quarterly dividend.
Key Highlights
- Revenue of $5.83 million missed the consensus estimate of $8.32 million by approximately 30%.
- Diluted EPS of $0.65 fell short of the $1.12 analyst forecast as net income decreased 4% to $3.17 million.
- Product sales revenue declined 9% to $5.58 million, down from $6.14 million in the prior-year period.
- Contract research and development revenue provided a modest offset, growing 25% to $0.26 million during the quarter.