---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-23-000367"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:41:45.713275+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NVE Q1 revenue up 20% to $8.83M, net income up 6%, declares $1.00 dividend

## Summary
- Total revenue $8.83M for June quarter, up 20% YoY; product sales up 23%.
- Net income $4.40M ($0.91 EPS diluted), up 6% from $4.14M ($0.86) prior year.
- Board declares $1.00/share quarterly dividend, payable Aug 31, record Jul 31.
- Contract R&D revenue decreased 50% YoY, partially offsetting product sales growth.

## SEC filing metadata
- accession: 0001376474-23-000367
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000137647423000367/0001376474-23-000367-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000137647423000367/nvec-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-23-000367
- JSON: https://secwatch.observer/filing/0001376474-23-000367.json
- Plain text: https://secwatch.observer/filing/0001376474-23-000367.txt

## Key facts
- Earnings Releases
  NVE CORP /NEW/ reported quarter ended June 30, 2023 results: revenue $8.83 million, net income $4.40 million, EPS $0.91 per diluted share.
  - Period: quarter ended June 30, 2023
  - Revenue: $8.83 million
  - Net income: $4.40 million
  - EPS: $0.91 per diluted share
  - Result: reported results
  source text: Total revenue for the first quarter of fiscal 2024 increased 20% to $8.83 million from $7.34 million for the prior-year quarter. The increase was due to a 23% increase in product sales partially offset by a 50% decrease in contract research and development revenue. Net income for the first quarter of fiscal 2024 increased 6% to $4.40 million, or $0.91 per diluted share, compared to $4.14 million, or $0.86 per share, for the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000137647423000367/0001376474-23-000367-index.htm

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