Nova (NASDAQ:NVMI) Releases Earnings Results, Beats Estimates By $0.13 EPS

by · The Cerbat Gem

Nova (NASDAQ:NVMI – Get Free Report) issued its earnings results on Thursday. The semiconductor company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13, FiscalAI reports. The business had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. Nova had a net margin of 29.44% and a return on equity of 22.90%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $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 Stock Down 8.4%

NVMI stock traded down $46.96 during trading on Friday, hitting $509.15. 412,384 shares of the company’s stock traded hands, compared to its average volume of 387,250. The firm has a market capitalization of $16.18 billion, a P/E ratio of 63.56, a PEG ratio of 3.68 and a beta of 1.78. The business has a fifty day simple moving average of $479.99 and a two-hundred day simple moving average of $412.10. The company has a quick ratio of 5.47, a current ratio of 6.28 and a debt-to-equity ratio of 0.56. Nova has a 1 year low of $179.00 and a 1 year high of $565.00.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Nova from $520.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC lifted their price objective on shares of Nova from $500.00 to $640.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen lowered shares of Nova from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Citigroup lifted their price objective on shares of Nova from $520.00 to $595.00 and gave the company a “buy” rating in a report on Friday. Finally, Weiss Ratings raised shares of Nova from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Nova has an average rating of “Moderate Buy” and a consensus price target of $518.22.

Check Out Our Latest Stock Report on Nova

Institutional Investors Weigh In On Nova

Several institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in Nova by 4.9% in the second quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock valued at $605,701,000 after acquiring an additional 102,250 shares in the last quarter. Invesco Ltd. boosted its stake in Nova by 4.4% in the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock valued at $208,293,000 after acquiring an additional 26,940 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Nova by 69.2% in the second quarter. Lazard Asset Management LLC now owns 359,221 shares of the semiconductor company’s stock valued at $98,857,000 after acquiring an additional 146,932 shares in the last quarter. Barclays PLC boosted its stake in Nova by 54.4% in the fourth quarter. Barclays PLC now owns 271,485 shares of the semiconductor company’s stock valued at $89,153,000 after acquiring an additional 95,642 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in Nova by 7.3% in the fourth quarter. Rafferty Asset Management LLC now owns 266,579 shares of the semiconductor company’s stock valued at $87,542,000 after acquiring an additional 18,195 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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

(Get Free Report)

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.

Read More