NVMI NOVA LTD.
Price Chart
Executive Summary
Nova reported record Q1 2026 results, with revenue of $235.3M (+10% YoY), GAAP EPS of $2.04, and non-GAAP EPS of $2.33, all exceeding guidance. Management guided Q2 2026 revenue of $245-255M and non-GAAP EPS of $2.34-2.48, implying continued sequential growth. The strong beat and raised guidance reflect robust demand across memory and logic metrology.
Actionable Insight
The record results and above-consensus guidance confirm strong execution in semiconductor metrology, driven by DRAM and advanced logic demand. The stock is likely to gap up. Monitor the conference call for commentary on China exposure and sustainability of memory cycle. With $1.1B in cash and securities, M&A optionality is a tailwind.
Key Facts
- Record Q1 2026 revenue of $235.3M, up 10% YoY and 6% QoQ, above guidance
- Record GAAP net income of $69.3M ($2.04 diluted EPS), up 7% YoY
- Record non-GAAP net income of $80.3M ($2.33 diluted EPS), up 15% YoY
- Q2 2026 guidance: revenue $245-255M, GAAP EPS $2.10-2.24, non-GAAP EPS $2.34-2.48
- Record memory device revenue and record sales of Nova Metrion and AncoScene platforms
- Gross margin stable at 57.7% GAAP (59% non-GAAP), operating margin expanded to 30% GAAP (34% non-GAAP)
- Cash and equivalents surged to $421.8M from $214.5M at year-end 2025
Financial Impact
Revenue beat by ~$10M vs guidance midpoint; non-GAAP EPS beat by ~$0.10 vs consensus; Q2 guidance midpoint of $250M implies 6% sequential growth
Risk Factors
- Semiconductor cycle downturn could slow order momentum
- Geopolitical risks from Israel operations and China exposure
- Convertible notes ($732.6M current portion) may create dilution overhang
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-002666 |
| Document: 0001178913-26-002666-index-headers.html | 0001178913-26-002666 |
| Document: 0001178913-26-002666-index.html | 0001178913-26-002666 |
| Document: 0001178913-26-002666.txt | 0001178913-26-002666 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 20, 2026
20d ago
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Insider Cluster
| $494.03 $512.15 | ▲ +3.67% | ▲ +2.43% | $507.96 (+2.82%) |
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May 18, 2026
22d ago
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6-K
| $486.75 $527.25 | ▲ +8.32% | ▲ +6.70% | $507.96 (+4.36%) |
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May 14, 2026
26d ago
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6-K
| $556.11 $496.50 | ▼ −10.72% | ▼ −10.00% | $507.96 (−8.66%) |
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Apr 13, 2026
8w ago
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6-K
| $507.03 $532.17 | ▲ +4.96% | ▲ +1.66% | $507.96 (+0.18%) |
US Market Status
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