Filing Flows › NVE (NVEC) › Q1 FY26
NVE (NVEC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jul 23, 2025
NVE (NVEC) reported revenue of $6.1M for the first quarter fiscal 2026 (Q1 FY26), -10% from a year earlier and -16% from the quarter before. Operating margin was 62.0%, net earnings $3.6M (58.6% of revenue).
NVE, Q1 FY26: revenue $6.1M (-10% year over year), operating margin 62.0%, net earnings $3.6M, operating cash flow $5.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1M | -16% | -10% |
| Gross profit | $4.9M | -14% | -15% |
| Operating profit | $3.8M | -11% | -14% |
| Net earnings | $3.6M | -8% | -13% |
| Operating cash flow | $5.2M | +109% | -11% |
| Free cash flow | $4.1M | +73% | -16% |
What changed
Revenue was $6.1M in Q1 FY26, down 10% year over year and down 16% from the previous quarter.
Gross margin was 80.6%, down 5.0 points from a year earlier. Operating profit was $3.8M, a 62.0% margin (down 2.7 points year over year). Operating expenses fell 20% while revenue fell 10%. Net earnings were $3.6M, down 13% year over year. The effective tax rate was 16.5%.
Operating cash flow was $5.2M (down 11% year over year), 145% of net earnings. Non-cash charges added back $85K of depreciation and $7K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $1.1M left free cash flow of $4.1M.
Questions
What was NVE's revenue in the first quarter fiscal 2026?
NVE (NVEC) reported revenue of $6.1M for the first quarter fiscal 2026 (Q1 FY26), -10% from a year earlier and -16% from the quarter before.
Was NVE profitable in the first quarter fiscal 2026?
Operating profit was $3.8M (62.0% of revenue) and net earnings $3.6M.
Source: NVE 10-Q on SEC EDGAR.