---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-23-000282"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:54:58.694906+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# NVE Corp Q4 rev +91% to $12.8M, EPS $1.70; FY net income record $22.7M; declares $1.00 dividend

## Summary
- Q4 total revenue $12.8M, up 91% YoY; net income $8.23M ($1.70 diluted EPS), up 116%.
- Fiscal 2023 revenue $38.3M (+42% YoY); net income record $22.7M ($4.70 diluted EPS), +56%.
- Product sales increased 95% in Q4 and 44% for the year; contract R&D revenue +10% in Q4.
- Quarterly dividend of $1.00/share declared, payable May 31, 2023 to holders of record May 15, 2023.
- CEO cites 'record revenue and earnings' for the quarter and fiscal year.

## SEC filing metadata
- accession: 0001376474-23-000282
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000137647423000282/0001376474-23-000282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000137647423000282/nvec-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-23-000282
- JSON: https://secwatch.observer/filing/0001376474-23-000282.json
- Plain text: https://secwatch.observer/filing/0001376474-23-000282.txt

## Key facts
- Earnings Releases
  NVE CORP /NEW/ reported the quarter and fiscal year ended March 31, 2023 results: revenue $38.3 million, net income $22.7 million, or $4.70 per diluted share, EPS $4.70 per diluted share.
  - Period: the quarter and fiscal year ended March 31, 2023
  - Revenue: $38.3 million
  - Net income: $22.7 million, or $4.70 per diluted share
  - EPS: $4.70 per diluted share
  - Result: reported results
  source text: Total revenue for the fourth quarter of fiscal 2023 increased 91% to $12.8 million from $6.72 million for the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000137647423000282/0001376474-23-000282-index.htm
- Earnings Releases
  NVE CORP /NEW/ reported the quarter and fiscal year ended March 31, 2023 results: revenue $38.3 million, net income $22.7 million, or $4.70 per diluted share, EPS $4.70 per diluted share.
  - Period: the quarter and fiscal year ended March 31, 2023
  - Revenue: $38.3 million
  - Net income: $22.7 million, or $4.70 per diluted share
  - EPS: $4.70 per diluted share
  - Result: reported results
  source text: For fiscal 2023, total revenue increased 42% to $38.3 million, compared to $27 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000137647423000282/0001376474-23-000282-index.htm

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