NVE (Nasdaq: NVEC) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q1), NVE whiffed on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share contracted significantly.

Gross margins grew, operating margins contracted, net margins dropped.

Revenue details
 NVE tallied revenue of $6.2 million. The one analyst polled by S&P Capital IQ predicted sales of $7.0 million on the same basis. GAAP reported sales were 17% lower than the prior-year quarter's $7.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.53. The one earnings estimate compiled by S&P Capital IQ anticipated $0.60 per share. GAAP EPS of $0.53 for Q1 were 23% lower than the prior-year quarter's $0.69 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 77.7%, 190 basis points better than the prior-year quarter. Operating margin was 53.1%, 630 basis points worse than the prior-year quarter. Net margin was 41.6%, 370 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $7.4 million. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $30.0 million. The average EPS estimate is $2.62.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 277 members out of 371 rating the stock outperform, and 94 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give NVE a green thumbs-up, and 43 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NVE is buy, with an average price target of $61.00.

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