NVE Corp (Nasdaq: NVEC) Q2 results show 6% revenue decline to $6.35M; net income falls 18% to $3.31M.

NVE Corporation (Nasdaq: NVEC) based in Eden Prairie, Minnesota, recently disclosed their financial performance for the quarter concluding on September 30, 2025. In this timeframe, their total revenue for the second quarter of fiscal 2026 saw a 6% decline, falling to $6.35 million compared to $6.76 million from the preceding year's quarter. This decrease primarily stemmed from a notable 68% drop in contract research and development revenue, though this was somewhat balanced by a marginal 1% rise in product sales. Concurrently, there was also an 18% decrease in net income for the second quarter of fiscal 2026, which amounted to $3.31 million, equivalent to $0.6 per share.