Nova (NASDAQ:NVMI) Posts Earnings Results, Beats Expectations By $0.13 EPS

Nova (NASDAQ:NVMI) issued its quarterly earnings results on Thursday. The semiconductor company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.20 by $0.13, FiscalAI reports. The firm had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $227.02 million. Nova had a return on equity of 22.90% and a net margin of 29.44%.The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 earnings per share. Nova updated its Q2 2026 guidance to 2.340-2.480 EPS.

Here are the key takeaways from Nova’s conference call:

• Nova delivered a record first quarter with revenue of $235.3 million, exceeding guidance and supported by record profitability, strong demand in memory, logic, and advanced packaging, plus record service revenue.
• Management highlighted meaningful market share gains, citing a Gartner report showing an additional 400 basis points share gain in Film SIMS and critical dimension metrology, making Nova the second-largest vendor in that market.
• The company said AI-driven demand is increasing process control and metrology intensity across logic, memory, and advanced packaging, which should support continued growth in areas like advanced DRAM, HBM, and hybrid bonding.
• Nova provided Q2 guidance for revenue of $245 million to $255 million and non-GAAP EPS of $2.34 to $2.48, while keeping gross margin expectations around 59% non-GAAP and continuing to invest in R&D and go-to-market capabilities.
• Management said it has improved visibility into next year, with some orders already being planned for 2027 deliveries, and reiterated that the new Asia facility should expand capacity and become operational toward the end of 2026.

Nova Trading Down 8.4%

Shares of NASDAQ:NVMI traded down $46.96 during midday trading on Friday, reaching $509.15. 412,384 shares of the company’s stock were exchanged, compared to its average volume of 387,250. The firm’s 50 day simple moving average is $479.99 and its two-hundred day simple moving average is $412.10. Nova has a fifty-two week low of $179.00 and a fifty-two week high of $565.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 6.28 and a quick ratio of 5.47. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 63.56, a P/E/G ratio of 3.68 and a beta of 1.78.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research downgraded shares of Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Evercore reissued an “outperform” rating and issued a $600.00 target price on shares of Nova in a research note on Friday. Morgan Stanley set a $494.00 price target on Nova in a research report on Thursday. Finally, Citigroup increased their price target on Nova from $520.00 to $595.00 and gave the company a “buy” rating in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Nova has an average rating of “Moderate Buy” and a consensus price target of $518.22.

Institutional Trading of Nova

Several institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC acquired a new position in Nova during the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new position in Nova in the 3rd quarter valued at about $40,000. CIBC Private Wealth Group LLC increased its stake in Nova by 75.7% during the third quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Nova by 2,042.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 143 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Nova by 62.5% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

More Nova News

Here are the key news stories impacting Nova this week:

• Positive Sentiment: Nova posted record Q1 2026 revenue of $235.3 million, beating its own guidance and analyst expectations, while EPS of $2.33 also came in ahead of estimates. Nova Reports Record First Quarter 2026 Financial Results
• Positive Sentiment: The company raised second-quarter 2026 guidance, with EPS and revenue outlooks both above consensus, signaling continued demand and momentum in its semiconductor metrology business. Nova earnings conference call and press release
• Positive Sentiment: Needham & Company lifted its price target on Nova to $640 from $500 and reiterated a buy rating, reinforcing bullish sentiment after the earnings beat. Needham price target raise
• Positive Sentiment: Shares also reached a new 52-week high after the earnings report, suggesting the market sees the results as a meaningful positive catalyst. Nova Sets New 52-Week High After Earnings Beat
• Neutral Sentiment: Nova announced its June 18 annual shareholder meeting, where investors will vote on board members, CEO pay, and auditor reappointment; this is routine corporate governance news. Annual meeting announcement

Nova Company Profile

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.