10-Q · July 22, 2026
NVE reported strong first-quarter fiscal 2027 operating momentum: revenue rose 80.7% year over year, gross margin improved 70 basis points to 81.3%, and operating margin expanded 400 basis points to 65.9%. Product…
Earnings analysis · 10-Q
NVEC earnings analysis
Filed October 21, 2026 · Our reading of the company's report
The latest report
NVE reported second-quarter revenue of $5.83 million and diluted EPS of $0.65, representing an 8% year-over-year revenue decline and a sequential EPS decline from $0.68. First-half revenue remained strong, rising 36% to…
Read full summary
NVE reported second-quarter revenue of $5.83 million and diluted EPS of $0.65, representing an 8% year-over-year revenue decline and a sequential EPS decline from $0.68. First-half revenue remained strong, rising 36% to $16.9 million, with contract R&D partly offsetting product weakness. No forward quantitative guidance was provided, and management reported no material changes to the risk factors in the fiscal 2026 Form 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.65
What stood out
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Strong first-half revenue growth
Second-quarter revenue was $5.83 million, down 8% year over year, while first-half revenue increased 36% to $16.9 million.
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EPS declined sequentially
Diluted EPS was $0.65, compared with $0.68 in the prior quarter, reflecting sequential earnings pressure.
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Contract R&D provided partial offset
Contract R&D revenue partly offset weakness in product revenue, although the filing does not disclose quantified segment revenue.
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Profitability remained high
The company continued to report high profitability, but the provided filing materials do not disclose current-quarter gross or operating margin percentages.
What to watch
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Quarterly revenue and earnings contraction
Quarterly performance weakened, with revenue of $5.83 million down 8% year over year and diluted EPS of $0.65 versus $0.68 in the prior quarter.
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No material risk-factor changes
The filing states there were no material changes from the risk factors disclosed in the Annual Report on Form 10-K for the fiscal year ended March 31, 2026; therefore, no new quantified risk-factor change was identified.
Management's outlook
No forward revenue or EPS guidance was provided. The filing does not include a quantitative outlook.
Earlier filings 4
10-K · May 6, 2026
NVE Corporation's FY2026 report shows a modest revenue growth of 1.8% to $26.33 million, with a gross margin decline to 78.7% from the previous year's 83.6%. Net income rose slightly by 1% to $15.2 million, driven by…
10-Q · January 21, 2026
NVE reported quarterly revenue of $6,224,776 (up 22.9% YoY) and diluted EPS of $0.70 (up from $0.63). Product sales of $5,778,674 (up 16.5%) and contract R&D of $446,102 (up 335%) drove the top-line gain, while gross…
10-Q · October 23, 2024
NVE reported quarterly revenue of $6,758,690 and diluted EPS of $0.83 for the quarter ended September 30, 2024. Gross margin expanded to 86.0% and operating margin remained very high at 65.1%, but revenue declined 5%…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.