---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-23-001368"
form_type: "8-K"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:11:00.886537+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NVE Q2 revenue falls 33% to $7.13M; EPS drops to $0.98 from $1.26; $1.00 dividend declared

## Summary
- Total revenue for Q2 FY2024 was $7.13M, down 33% from $10.7M YoY; product sales down 32%, contract R&D down 92%.
- Net income for Q2 was $4.72M ($0.98 diluted EPS) vs $6.09M ($1.26 EPS) in prior-year quarter.
- For H1 FY2024, total revenue $16.0M (-12% YoY), net income $9.13M ($1.89 EPS) vs $10.2M ($2.12 EPS).
- Board declared a $1.00/share quarterly cash dividend, payable Nov 30, 2023 to holders of record Oct 30, 2023.

## SEC filing metadata
- accession: 0001753926-23-001368
- form_type: 8-K
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/724910/000175392623001368/0001753926-23-001368-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000175392623001368/g083810_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-23-001368
- JSON: https://secwatch.observer/filing/0001753926-23-001368.json
- Plain text: https://secwatch.observer/filing/0001753926-23-001368.txt

## Key facts
- Earnings Releases
  NVE CORP /NEW/ reported the quarter ended September 30, 2023 results: revenue $7.13 million, net income $4.72 million, or $0.98 per diluted share, EPS $0.98 per diluted share.
  - Period: the quarter ended September 30, 2023
  - Revenue: $7.13 million
  - Net income: $4.72 million, or $0.98 per diluted share
  - EPS: $0.98 per diluted share
  - Result: reported results
  source text: Total revenue for the second quarter of fiscal 2024 decreased 33% to $7.13 million from $10.7 million for the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/724910/000175392623001368/0001753926-23-001368-index.htm

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