Deferred Revenue |
6 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Deferred Revenue [Abstract] | |
| Deferred Revenue | 8. Deferred Revenue
Deferred revenue primarily relates to nonrecurring engineering (NRE) project service agreements that are already invoiced or paid, but for which, related performance obligations are not yet satisfied. It also includes amounts relating to some product shipments, wherein, a portion of a transaction price exceeds the weighted average selling price of products sold to date under tiered-pricing contracts that contain material rights. During the six months ended July 31, 2026 and 2025, the amount recognized as revenue that was included in deferred revenue at the end of the prior fiscal year was approximately $10.7 million and $7.7 million, respectively.
As of July 31, 2026, the amount of transaction price allocated to performance obligations that are unsatisfied, or partially unsatisfied, consisting of product purchase orders and NRE project service agreements with an original contract duration of more than one year, was approximately $91.4 million, of which approximately 79% 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. |