Filing Flows › NVE (NVEC) › Q1 FY27
NVE (NVEC) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jul 22, 2026
NVE (NVEC) reported revenue of $11.0M for the first quarter fiscal 2027 (Q1 FY27), +81% from a year earlier and +44% from the quarter before. Operating margin was 65.8%, net earnings $6.4M (57.9% of revenue).
NVE, Q1 FY27: revenue $11.0M (+81% year over year), operating margin 65.8%, net earnings $6.4M, operating cash flow $5.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.0M | +44% | +81% |
| Gross profit | $9.0M | +51% | +82% |
| Operating profit | $7.3M | +53% | +92% |
| Net earnings | $6.4M | +30% | +79% |
| Operating cash flow | $5.3M | +18% | +2% |
| Free cash flow | $1.1M | -91% | — |
What changed
Revenue was $11.0M in Q1 FY27, up 81% year over year and up 44% from the previous quarter.
Gross margin was 81.3%, up 0.6 points from Q1 FY26. Operating profit was $7.3M, a 65.8% margin (up 3.9 points year over year). Of the extra revenue versus Q1 FY26, 71% reached operating profit, above the 62% margin then. Operating expenses grew 49% against revenue growth of 81%. The fastest-growing cost line was Other operating costs (+80%). Net earnings were $6.4M, up 79% year over year. The effective tax rate was 17.1%.
Operating cash flow was $5.3M (up 2% year over year), 83% of net earnings. Non-cash charges added back $232K of depreciation and $14K of share-based compensation. Working capital and other items used $1.3M. Capital expenditures of $4.2M left free cash flow of $1.1M.
Questions
What was NVE's revenue in the first quarter fiscal 2027?
NVE (NVEC) reported revenue of $11.0M for the first quarter fiscal 2027 (Q1 FY27), +81% from a year earlier and +44% from the quarter before.
Was NVE profitable in the first quarter fiscal 2027?
Operating profit was $7.3M (65.8% of revenue) and net earnings $6.4M.
Source: NVE 10-Q on SEC EDGAR.