---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-23-000056"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T10:03:06.401486+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NVE Q3 rev $7.4M (+18% YoY), EPS $0.88 (+22%); declares $1.00/share dividend

## Summary
- Q3 total revenue increased 18% to $7.40M; product sales up 22% YoY.
- Net income $4.23M ($0.88 diluted EPS) vs $3.47M ($0.72) in prior-year quarter.
- Nine-month revenue $25.5M (+26%); net income $14.5M ($2.99 EPS) vs $10.7M ($2.21).
- Board declared $1.00 quarterly cash dividend, payable Feb 28, 2023, record Jan 30, 2023.

## SEC filing metadata
- accession: 0001376474-23-000056
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000137647423000056/0001376474-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000137647423000056/nvec-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-23-000056
- JSON: https://secwatch.observer/filing/0001376474-23-000056.json
- Plain text: https://secwatch.observer/filing/0001376474-23-000056.txt

## Key facts
- Earnings Releases
  NVE CORP /NEW/ reported First nine months of fiscal 2023 results: revenue $25.5 million, net income $14.5 million, EPS $2.99.
  - Period: First nine months of fiscal 2023
  - Revenue: $25.5 million
  - Net income: $14.5 million
  - EPS: $2.99
  - Result: reported results
  source text: For the first nine months of fiscal 2023, total revenue increased 26% to $25.5 million from $20.3 million for the first nine months of the prior year. The increase was due to a 27% increase in product sales, partially offset by a 13% decrease in contract research and development revenue. Net income increased 35% to $14.5 million, or $2.99 per diluted share, from $10.7 million, or $2.21 per share, for the first nine months of fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000137647423000056/0001376474-23-000056-index.htm
- Earnings Releases
  NVE CORP /NEW/ reported Third quarter of fiscal 2023 results: revenue $7.40 million, net income $4.23 million, EPS $0.88.
  - Period: Third quarter of fiscal 2023
  - Revenue: $7.40 million
  - Net income: $4.23 million
  - EPS: $0.88
  - Result: reported results
  source text: Total revenue for the third quarter of fiscal 2023 increased 18% to $7.40 million from $6.29 million for the prior-year quarter. The increase was due to a 22% increase in product sales, partially offset by a 46% decrease in contract research and development revenue. Net income for the third quarter of fiscal 2023 increased 22% to $4.23 million, or $0.88 per diluted share, compared to $3.47 million, or $0.72 per share, for the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000137647423000056/0001376474-23-000056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.