NVE Corp /NEW/ reported second-quarter 2026 results with revenue rising to $11.03M and diluted EPS of $1.32, compared with $6.11M and $0.74 respectively in the year-ago quarter, as net income increased to $6.39M — all reflecting strong product demand and higher R&D contract revenue.
Financial Highlights
- Revenue was $11.034M for the quarter ended June 30, 2026, compared with $6.105M in the year-ago quarter; YoY change 80.7%.
- Net income was $6.394M for the quarter ended June 30, 2026, compared with $3.576M in the year-ago quarter; YoY change 78.8%.
- Diluted earnings per share was $1.32 for the quarter ended June 30, 2026, compared with $0.74 in the year-ago quarter; YoY change 78.4%.
Business Highlights
- Total revenue rose about 81%, driven by an 82% jump in product sales and 53% higher R&D contract revenue.
- Product sales growth came from both defense and non-defense markets and through direct and distributor channels.
- R&D expense increased 31% reflecting higher staffing and new product development activity.
- SG&A rose roughly 81%, largely due to higher performance-based compensation tied to growth initiatives.
- Operating cash flow funded operations; maturities of marketable securities were used for dividends and limited fixed-asset purchases.
Original SEC Filing:
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