Deferred Revenue |
3 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Deferred Revenue [Abstract] | |
| Deferred Revenue | 8. Deferred Revenue
Deferred revenue is primarily related to nonrecurring engineering (NRE) charges that are either invoiced or paid but for which the related performance obligations are not yet satisfied, as well as, for product shipments, a portion of a transaction price that exceeds the weighted average selling price for products sold to date under tiered-pricing contracts that contain material rights. During the three months ended April 30, 2026 and 2025, the amount recognized as revenue that was included in deferred revenue at the end of the prior fiscal year was approximately $5.5 million and $5.2 million, respectively.
As of April 30, 2026, the amount of transaction price allocated to performance obligations that are unsatisfied, or partially unsatisfied, which primarily consists of product purchase orders and NRE project service agreements with an original contract duration of more than one year, was approximately $69.8 million, of which approximately 98% is expected to be recognized within the next 12 months. This does not include consideration in contracts with an original expected contract duration of one year or less, or variable consideration that is constrained. |