NVE reports 36% revenue growth in fiscal second quarter

NVE announced total revenue of $16.9 million for the first six months of its fiscal 2027, representing a 36% increase over the previous period. The company attributed this growth to strong commercial product demand and expanding distribution channels, which helped offset temporary delays in the medical device sector.

Principal Financial Officer Daniel Nelson noted a 67% increase in distributor sales driven by industrial and automation markets. While quarterly product sales saw declines due to inventory adjustments by a major medical customer and government procurement timing in the defense segment, management expects these sectors to recover in the current quarter. Additionally, NVE has launched new gear sensors aimed at the robotics and factory automation markets.