Filing Flows › NVE (NVEC) › Q2 FY27 › vs Q2 FY26
NVE (NVEC) Q2 FY27 vs Q2 FY26 (year over year)
NVE's revenue fell $512K (-8%) from $6.3M in Q2 FY26 to $5.8M in Q2 FY27. The biggest changes: Product −$563K (-9%); Service +$51K (+25%). Gross margin 78.2% against 78.3% (-0.1 pts).
NVE, Q2 FY27: revenue $5.8M (-8% year over year), operating margin 55.0%, net earnings $3.2M, operating cash flow $5.8M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 78.2% | 78.3% | -0.1 pts |
| Operating margin | 55.0% | 57.6% | -2.7 pts |
| Net margin | 54.4% | 52.2% | +2.2 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Product | $5.6M | $6.1M | −$563K | -9% |
| Service | $259K | $208K | $51K | +25% |
| Revenue | $5.8M | $6.3M | −$512K | -8% |
| Gross profit | $4.6M | $5.0M | −$405K | -8% |
| Cost of revenue | $1.3M | $1.4M | −$108K | -8% |
| Other income, net | $475K | $487K | −$13K | -3% |
| Operating profit | $3.2M | $3.7M | −$452K | -12% |
| Operating expenses | $1.4M | $1.3M | $47K | +4% |
| Pre-tax earnings | $3.7M | $4.1M | −$465K | -11% |
| Research & development | $727K | $873K | −$146K | -17% |
| SG&A | $630K | $437K | $193K | +44% |
| Net earnings | $3.2M | $3.3M | −$138K | -4% |
| Income tax | $508K | $835K | −$327K | -39% |
| Depreciation | $232K | $89K | $143K | +161% |
| Share-based compensation | $247K | $66K | $181K | +272% |
| Working capital & other | $2.2M | −$674K | $2.8M | — |
| Operating cash flow | $5.8M | $2.8M | $3.0M | +108% |
Questions
How much did NVE's revenue grow year over year in Q2 FY27?
NVE's revenue fell $512K (-8%) from $6.3M in Q2 FY26 to $5.8M in Q2 FY27.
What drove NVE's revenue change in Q2 FY27?
Product −$563K (-9%); Service +$51K (+25%).