Filing Flows › NVE (NVEC) › Q2 FY26
NVE (NVEC) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Oct 22, 2025
NVE (NVEC) reported revenue of $6.3M for the second quarter fiscal 2026 (Q2 FY26), -6% from a year earlier and +4% from the quarter before. Operating margin was 57.6%, net earnings $3.3M (52.2% of revenue).
NVE, Q2 FY26: revenue $6.3M (-6% year over year), operating margin 57.6%, net earnings $3.3M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3M | +4% | -6% |
| Gross profit | $5.0M | +0.9% | -15% |
| Operating profit | $3.7M | -3% | -17% |
| Net earnings | $3.3M | -7% | -18% |
| Operating cash flow | $2.8M | -46% | +31% |
| Free cash flow | $2.7M | -34% | +41% |
What changed
Revenue was $6.3M in Q2 FY26, down 6% year over year and up 4% from the previous quarter.
Gross margin was 78.3%, down 7.7 points from a year earlier. Operating profit was $3.7M, a 57.6% margin (down 7.4 points year over year). Operating expenses fell 7% while revenue fell 6%. Net earnings were $3.3M, down 18% year over year. The effective tax rate was 20.1%.
Operating cash flow was $2.8M (up 31% year over year), 84% of net earnings. Non-cash charges added back $89K of depreciation and $66K of share-based compensation. Working capital and other items used $674K. Capital expenditures of $70K left free cash flow of $2.7M.
Questions
What was NVE's revenue in the second quarter fiscal 2026?
NVE (NVEC) reported revenue of $6.3M for the second quarter fiscal 2026 (Q2 FY26), -6% from a year earlier and +4% from the quarter before.
Was NVE profitable in the second quarter fiscal 2026?
Operating profit was $3.7M (57.6% of revenue) and net earnings $3.3M.
Source: NVE 10-Q on SEC EDGAR.