📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Nova Ltd. engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding NVMI

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	510.9K	$221.9M	0.35%	Mar 2026
Cathie Wood ARK Investment Management	5.1K	$2.2M	0.02%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management uses phrases like 'another record quarter', 'revenue at the top end of our guidance and profitability that exceeded guidance', and 'compelling validation' to convey strong execution and alignment with market needs. They also provide specific numbers: 3% sequential and 40% year-over-year revenue growth, 34% non-GAAP operating margin.

Q3 2025

Confident Specific

Management repeatedly uses terms like 'record', 'robust 25% year-over-year growth', 'strong demand', and 'well positioned' to describe results and outlook. They provide specific growth percentages, revenue figures, and product adoption details with no hedging.

Q4 2025

Confident Specific

Management repeatedly used positive superlatives such as 'exceptional year', 'record performance', 'record annual revenue', and 'record profitability'. Specific numbers and strategic wins were cited (e.g., Elipson tool of record, full CMP suite adoption), and forward guidance was given with clear ranges without hedging.

Q1 2026 latest

Confident Specific

Management repeatedly used language like 'delivered another record quarter', 'exceeding guidance across financial and operational metrics', and 'strong momentum across our business', consistently providing specific figures (e.g., revenue $235.3M, non-GAAP EPS $2.33) and forward guidance with precise ranges.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Record revenue and profitability, along with raised guidance, show execution on secular trends in AI-driven memory expansion, advanced packaging, and GAA. Market share gains (400 bps) validate product differentiation. The $1B revenue target by 2027 appears on track. However, caution is warranted on gross margin sustainability — Q2 guidance barely holds the 59% level, and supply chain cost pressures may threaten the 57%-60% band. China revenue mixing down is a potential headwind if advanced node investments slow. Key items to watch next quarter: gross margin trajectory, magnitude of GAA bookings, any further pull-ins from customers, and whether China stays within the 25%-30% long-term range.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Nova delivers record Q1 2026 revenue of $235.3M, up 10% YoY, beats guidance.

Revenue & Profitability

Q1 2026 revenue was $235.3 million, a record, up 6% quarter-over-quarter and 10% year-over-year. GAAP net income per diluted share was $2.04; non-GAAP EPS was $2.33. Operating margin was 30% GAAP and 34% non-GAAP. For Q2 2026, revenue guidance is $245-$255 million, with GAAP EPS $2.10-$2.24 and non-GAAP EPS $2.34-$2.48.

Outlook

Management expects WFE to reach mid-teens growth in 2026, higher than earlier expectations. AI investments, particularly in agentic AI models, are driving computing and memory requirements, accelerating capacity expansion across logic, memory, and advanced packaging. This increases manufacturing complexity and metrology intensity. Customer schedule considerations are expected to have a positive impact on the first half, with the second half running higher.

Growth Drivers

Growth is driven by memory (record revenue from advanced DRAM, which accounted for ~2/3 of memory business), gate-all-around applications in logic, and advanced packaging (including hybrid bonding). Key product drivers include record sales of the Metrion platform, Nova Ancosium, and integrated metrology. The company also sees robust HBM-related bookings for Nova WMC and SemDex platforms. Services revenue reached a record for the 13th consecutive quarter of sequential growth.

Balance Sheet & CapEx

Nova is expanding its global manufacturing footprint with construction of a new facility in Asia, expected to become operational toward the end of 2026. This investment is designed to increase production capacity, optimize cost structure, and improve load balancing. The company is also managing supply chain pressures by working with multiple suppliers and leveraging long-term relationships.

Margins

Q1 2026 gross margin was 57.7% GAAP and 59.4% non-GAAP, at the upper end of the target model range of 57%-60%. Operating margin exceeded the target range, reaching 30% GAAP and 34% non-GAAP. For Q2 2026, management expects non-GAAP gross margins of approximately 59%. The strong performance was driven by favorable product mix and growth in the services business. Gross margins for 2026 are expected to be sustainable at similar levels.

Key Risks

Risks mentioned include supply chain pressure and cost pressure at the supplier level, mainly tied to higher chip prices. The company is mitigating these through active cost management and long-term supplier relationships. In China, the market is very competitive. There is also potential growing competition in XPS and material metrology. Forward-looking statements are subject to safe harbor considerations.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-06

Record Q2 revenue and profitability were driven by strong demand in advanced logic, packaging, and chemical metrology, with advanced packaging nearing 25% of product revenue. Guidance points to continued growth, robust margins, and durable demand, supported by innovation and strong cash reserves.

Q1 2026 Q1 2026 2026-05-14

Record Q1 2026 revenue and profitability driven by strong demand in memory, logic, and advanced packaging, with continued market share gains and robust outlook for the year. Gross margins remain at the upper end of the target range, and a new Asia facility will support future growth.

Q4 2025 Q4 2025 2026-02-12

Record 2025 revenue and profitability driven by strong demand in logic, memory, and advanced packaging, with continued market share gains and robust outlook for 2026. Investments in R&D, manufacturing, and operational agility support growth and resilience.

Q3 2025 Q3 2025 2025-11-06

Record Q3 revenue grew 25% year-over-year, driven by advanced logic, packaging, and memory. 2025 is on track for 30% annual growth, with strong margins and a robust cash position supporting R&D and M&A. AI and advanced nodes are expected to fuel further gains in 2026.

Q2 2025 Q2 2025 2025-08-07

Record Q2 2025 revenue and profitability exceeded guidance, driven by strong growth in Chemical Metrology, service, and advanced packaging. Guidance for Q3 remains robust, with continued momentum in gate all-around and diversified revenue streams.

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