Nova (NASDAQ:NVMI) Updates Q2 2026 Earnings Guidance

Nova (NASDAQ:NVMI) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 2.340-2.480 for the period, compared to the consensus earnings per share estimate of 2.310. The company issued revenue guidance of $245.0 million-$255.0 million, compared to the consensus revenue estimate of $241.0 million.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Evercore restated an “outperform” rating and set a $600.00 target price on shares of Nova in a research report on Friday. Citigroup upped their target price on shares of Nova from $520.00 to $595.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC upped their target price on shares of Nova from $500.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays upped their target price on shares of Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Zacks Research lowered shares of Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $518.22.

Nova Trading Down 8.4%

Shares of NVMI stock opened at $509.15 on Friday. The firm has a 50-day moving average price of $481.34 and a 200 day moving average price of $412.78. Nova has a twelve month low of $179.00 and a twelve month high of $565.00. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 63.49, a PEG ratio of 4.07 and a beta of 1.78. The company has a current ratio of 6.28, a quick ratio of 5.47 and a debt-to-equity ratio of 0.56.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. Nova had a net margin of 29.21% and a return on equity of 22.65%. The firm had revenue of $235.31 million during the quarter, compared to the consensus estimate of $227.02 million. During the same quarter in the previous year, the company posted $2.18 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. Research analysts forecast that Nova will post 9.37 earnings per share for the current fiscal year.

Nova News Roundup

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its stake in Nova by 1.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,997 shares of the semiconductor company’s stock valued at $1,641,000 after purchasing an additional 50 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Nova by 0.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the semiconductor company’s stock valued at $3,642,000 after acquiring an additional 53 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Nova by 75.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 130 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 56 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Nova by 5.7% during the 4th quarter. First Trust Advisors LP now owns 1,368 shares of the semiconductor company’s stock valued at $449,000 after acquiring an additional 74 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in shares of Nova by 9.3% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 967 shares of the semiconductor company’s stock valued at $309,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

About Nova

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.