Nova (NASDAQ:NVMI) Issues Quarterly Earnings Results

Nova (NASDAQ:NVMI) issued its quarterly earnings results on Thursday. The semiconductor company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.13, FiscalAI reports. Nova had a net margin of 29.21% and a return on equity of 22.65%. The firm had revenue of $235.31 million for the quarter, compared to analyst estimates of $227.02 million. During the same period in the previous year, the business earned $2.18 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. 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 Performance

Shares of NVMI traded down $46.96 during mid-day trading on Friday, reaching $509.15. The company’s stock had a trading volume of 412,384 shares, compared to its average volume of 346,966. Nova has a 1-year low of $179.00 and a 1-year high of $565.00. The stock has a market cap of $16.18 billion, a P/E ratio of 63.49, a PEG ratio of 4.07 and a beta of 1.78. The business has a 50-day simple moving average of $481.34 and a two-hundred day simple moving average of $412.78. The company has a current ratio of 6.28, a quick ratio of 5.47 and a debt-to-equity ratio of 0.56.

Key Stories Impacting Nova

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 Trading of Nova

A number of hedge funds have recently made changes to their positions in NVMI. Invesco Ltd. lifted its position in shares of Nova by 185.4% in the third quarter. Invesco Ltd. now owns 607,344 shares of the semiconductor company’s stock valued at $194,144,000 after buying an additional 394,544 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of 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 buying an additional 146,932 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of 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 buying an additional 102,250 shares during the last quarter. Barclays PLC lifted its position in shares of 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 buying an additional 95,642 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in shares of Nova by 40.9% in the fourth quarter. Bamco Inc. NY now owns 154,511 shares of the semiconductor company’s stock valued at $50,740,000 after buying an additional 44,819 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen raised Nova from a “sell” rating to a “hold” rating in a research report on Saturday. Evercore reissued an “outperform” rating and set a $600.00 price target on shares of Nova in a research report on Friday. Needham & Company LLC increased their price target on Nova from $500.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday. Barclays increased their price target on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Jefferies Financial Group increased their price target on Nova from $520.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.22.

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.