Filing Flows › NVE (NVEC) › Q2 FY27
NVE (NVEC) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Oct 21, 2026
NVE (NVEC) reported revenue of $5.8M for the second quarter fiscal 2027 (Q2 FY27), -8% from a year earlier and -47% from the quarter before. Operating margin was 55.0%, net earnings $3.2M (54.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.8M | -47% | -8% |
| Gross profit | $4.6M | -49% | -8% |
| Operating profit | $3.2M | -56% | -12% |
| Net earnings | $3.2M | -50% | -4% |
| Operating cash flow | $5.8M | +10% | +108% |
What changed
Revenue was $5.8M in Q2 FY27, down 8% year over year and down 47% from the previous quarter. Product was the largest line at 96% of revenue. Product lost $563K year over year (down 9%), 110% of the total change.
Gross margin was 78.2%, down 0.1 points from Q2 FY26. Operating profit was $3.2M, a 55.0% margin (down 2.7 points year over year). Operating expenses grew 4% against a revenue fall of 8%. The fastest-growing cost line was SG&A (+44%). Net earnings were $3.2M, down 4% year over year. The effective tax rate was 13.8%.
Operating cash flow was $5.8M (up 108% year over year), 183% of net earnings. Non-cash charges added back $232K of depreciation and $247K of share-based compensation. Working capital and other items added $2.2M. Capital expenditures of −$4.1M left free cash flow of $10.0M.
Questions
What was NVE's revenue in the second quarter fiscal 2027?
NVE (NVEC) reported revenue of $5.8M for the second quarter fiscal 2027 (Q2 FY27), -8% from a year earlier and -47% from the quarter before.
Was NVE profitable in the second quarter fiscal 2027?
Operating profit was $3.2M (55.0% of revenue) and net earnings $3.2M.
Source: NVE 10-Q on SEC EDGAR.