Christopher Petrovsky's questions to NVE Corp (NVEC) leadership • Q1 2026
Question
Christopher Petrovsky inquired about the specific end markets for wafer-level chip-scale packaging and whether it would be for new or next-generation devices. He also asked about the risk of underutilization charges from the new equipment, the market for pneumatic cylinder sensors shown on YouTube, and whether the company would consider reporting revenue excluding the volatile military orders.
Answer
President & CEO Daniel A. Baker identified medical devices, particularly for navigation in catheters, and industrial controls/robotics as the two key end markets for the new smaller sensors. He stated the new machinery will be used for both R&D and production, and the company's low fixed-cost model mitigates the risk of underutilization charges seen at larger semiconductor firms. Baker clarified that while pneumatic cylinder sensors are a legacy market, recent videos demonstrate new, more precise control capabilities. Regarding segmented reporting, he acknowledged the request and explained that while there are infrastructure challenges to formal reporting, the company strives to provide color on the drivers of revenue during its calls.