Nova Reports Record First Quarter 2026 Financial Results

Rhea-AI Summary

Nova (NASDAQ: NVMI) reported record Q1 2026 results, with revenue of $235.3 million, up 6% quarter-over-quarter and 10% year-over-year, above guidance. GAAP net income reached $69.3 million (EPS $2.04) and non-GAAP net income $80.3 million (EPS $2.33).

Gross margin was 57.7% and operating expenses were $64.9 million. Management expects Q2 2026 revenue of $245–$255 million, GAAP EPS of $2.10–$2.24, and non-GAAP EPS of $2.34–$2.48.

AI-generated analysis. Not financial advice.

Positive

• Record Q1 2026 revenue of $235.3M, up 6% QoQ and 10% YoY
• Record GAAP net income of $69.3M and EPS of $2.04
• Record non-GAAP net income of $80.3M and EPS of $2.33
• Gross margin improved to 57.7% versus 57.6% in Q4 2025
• Operating expenses decreased QoQ to $64.9M from $67.5M
• Q2 2026 revenue guidance of $245–$255M with higher EPS ranges

Negative

• Operating expenses increased YoY to $64.9M from $59.1M in Q1 2025

Key Figures

Q1 2026 Revenue: $235.3M Q1 2026 GAAP Net Income: $69.3M Q1 2026 GAAP EPS: $2.04 +5 more

8 metrics

Q1 2026 Revenue $235.3M Record quarterly revenue, 6% QoQ and 10% YoY growth

Q1 2026 GAAP Net Income $69.3M Record GAAP net income, 5% QoQ increase

Q1 2026 GAAP EPS $2.04 Per diluted share, exceeded company guidance

Q1 2026 Non-GAAP Net Income $80.3M Record non-GAAP net income, 9% QoQ increase

Q1 2026 Non-GAAP EPS $2.33 Per diluted share, exceeded company guidance

Q1 2026 Gross Margin 57.7% Slightly above 57.6% in Q4 2025 and 57.3% in Q1 2025

Q1 2026 Operating Expenses $64.9M Down from $67.5M in Q4 2025, up from $59.1M in Q1 2025

Q2 2026 Revenue Guidance $245M–$255M Management outlook for quarter ending June 30, 2026

Market Reality Check

Price: $503.65 Vol: Volume 473,823 is above 2...

normal vol

$503.65 Last Close

Volume Volume 473,823 is above 20-day average 326,872 (relative volume 1.45). normal

Technical Price 503.65 is trading above 200-day MA 374.7 and 8.43% below the 52-week high 550.

Peers on Argus

NVMI shows a positive pre-news move of 2.12% while key peers like ONTO (-3.07%),...

NVMI shows a positive pre-news move of 2.12% while key peers like ONTO (-3.07%), CAMT (-4.76%), AMKR (-1.02%) and ACLS (-2.01%) are down; only IPGP is up (1.76%), indicating stock-specific strength.

Previous Earnings Reports

5 past events · Latest: Feb 12 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 12	Q4 2025 earnings	Positive	-6.8%	Record 2025 revenue and Q4 results with upbeat Q1 2026 guidance.
Nov 06	Q3 2025 earnings	Positive	-8.2%	Record Q3 2025 revenue and earnings at high end of guidance.
Aug 07	Q2 2025 earnings	Positive	+1.9%	Record Q2 2025 results with strong growth and solid guidance.
May 08	Q1 2025 earnings	Positive	-7.0%	Record Q1 2025 revenue and profit driven by AI-related demand.
Feb 13	Q4 2024 earnings	Positive	+9.6%	Record Q4 and 2024 results with strong metrology platform sales.

Pattern Detected

Earnings releases are consistently strong but have often been followed by mixed to negative next-day moves, with more divergences than alignments.

Recent Company History

Over the past year Nova has repeatedly reported record results, including Q4 2024, multiple 2025 quarters, and Q4 2025, with revenue and earnings steadily climbing. Earnings days have produced mixed price reactions: some records were followed by gains (e.g., Q4 2024 and Q2 2025), while others like Q1, Q3 and Q4 2025 saw notable post-earnings declines. Today’s Q1 2026 record revenue and EPS, both exceeding guidance, extend this streak of operational outperformance.

Historical Comparison

-2.1% avg move · In the last five earnings releases, NVMI’s average next-day move was -2.1%, with three negative and ...

earnings

-2.1%

Average Historical Move earnings

In the last five earnings releases, NVMI’s average next-day move was -2.1%, with three negative and two positive reactions. Today’s strong Q1 2026 beat and guidance sit against this backdrop of often muted or selling pressure after record results.

Results show a steady progression of record quarters from Q4 2024 through multiple 2025 quarters into Q4 2025, with recurring records in revenue and net income and guidance that has generally pointed to continued growth.

Market Pulse Summary

This announcement highlights another record quarter for Nova, with Q1 2026 revenue of $235.3M, recor...

Analysis

This announcement highlights another record quarter for Nova, with Q1 2026 revenue of $235.3M, record GAAP and non-GAAP earnings, and guidance for Q2 2026 revenue of $245M–$255M. Compared with prior record quarters in 2024 and 2025, the company continues to post incremental margin improvement and strong memory-related demand. Investors may track how future quarters compare with this guidance, as well as trends in operating expenses, gross margin near 57.7%, and ongoing adoption of Nova’s metrology platforms.

Key Terms

gaap, non-gaap, gross margin, operating expenses, +3 more

7 terms

gaap financial

"Record GAAP net income of $69.3 million, or $2.04 per diluted share"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

non-gaap financial

"Record non-GAAP net income of $80.3 million, or $2.33 per diluted share"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

gross margin financial

"Gross margin in the first quarter of 2026 was 57.7%"

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

operating expenses financial

"Operating expenses in the first quarter of 2026 were $64.9 million"

Operating expenses are the routine costs a company pays to keep its business running day to day — things like salaries, rent, utilities, office supplies, and marketing. Investors watch them because they reduce the profit available to shareholders and reveal how efficiently a company runs; lower or well-controlled operating expenses (relative to revenue) are like trimming household bills to improve savings.

diluted share financial

"or $2.04 per diluted share, in the first quarter of 2026"

Diluted share count is the total number of company shares that would exist if all potential claims that can become stock—such as employee stock options, warrants and convertible bonds—were exercised or converted. Investors use diluted shares to see a more conservative view of ownership and per-share metrics (like earnings per share), because it’s like slicing a cake into more pieces: the same profit spread over more slices makes each slice smaller.

dram technical

"Record revenues from memory devices, fueled by robust demand for advanced DRAM"

A dram is a small, traditional unit used to measure either mass or liquid volume in manufacturing and pharmaceuticals — roughly 1.77 grams for a weight dram or about 3.7 milliliters for a fluid dram, similar to a small teaspoon or a couple of drops. Investors care because dram-based measurements affect drug dosing, packaging sizes, labeling compliance and raw-material usage, which in turn influence production costs, inventory counts and regulatory risk.

metrology technical

"front-end chemical metrology solution, attributable to market share gains"

Metrology is the science and practice of making measurements accurate, consistent and traceable so numbers about size, weight, temperature or other properties mean the same thing everywhere. For investors it matters because reliable measurement underpins product quality, regulatory compliance and manufacturing efficiency—like using a well-calibrated ruler so every part fits—reducing recalls, legal risk and wasted costs that can affect a company’s earnings and reputation.

AI-generated analysis. Not financial advice.

REHOVOT, Israel, May 14, 2026 /PRNewswire/ -- Nova (NASDAQ: NVMI) today announced financial results for the first quarter, the three-month period ended March 31, 2026.

First Quarter 2026 Highlights:

• Record quarterly revenue of $235.3 million, a 6% increase QoQ, exceeding the Company guidance.
• Record GAAP net income of $69.3 million, or $2.04 per diluted share, a 5% increase QoQ, exceeding the Company guidance.
• Record non-GAAP net income of $80.3 million, or $2.33 per diluted share, a 9% increase QoQ, exceeding the Company guidance.
• Record revenues from memory devices, fueled by robust demand for advanced DRAM
• Record sales of Nova Metrion platform, driven by increased adoption in memory and logic advanced nodes manufacturing. .
• Record sales of Nova AncoScene front-end chemical metrology solution, attributable to market share gains and new customer wins.

GAAP Results (K)

	Q1 2026	Q4 2025	Q1 2025
Revenues	$235,308	$222,624	$213,356
Net Income	$69,259	$64,888	$64,823
Earnings per Diluted Share	$2.04	$1.94	$2.03

Non-GAAP Results (K)

	Q1 2026	Q4 2025	Q1 2025
Net Income	$80,265	$72,239	$69,958
Earnings per Diluted Share	$2.33	$2.14	$2.18

_{A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. See also "Use of Non-GAAP Adjusted Financial Measures" section.}

Management Comments

"This was a record quarter for Nova across every dimension," said Gaby Waisman, President and CEO. "We achieved record revenue and profitability, with service revenue and multiple product lines, spanning optical, materials, and chemical metrology, each reaching all-time high. These results reflect the strength of our portfolio and our continued focus on execution. We are solidifying our investments in technology and infrastructure, in anticipation of continued industry growth. With strong customer engagement, we are well positioned to capitalize on the market momentum ahead."

2026 Second Quarter Financial Outlook

Management provided an outlook for the second quarter, the period ending June 30, 2026. Based on current estimates, management expects:

• $245 million to $255 million in revenue
• $2.10 to $2.24 in diluted GAAP EPS
• $2.34 to $2.48 in diluted non-GAAP EPS

2026 First Quarter Results

Total revenues for the first quarter of 2026 were $235.3 million, an increase of 6% compared with the fourth of 2025 and an increase of 10% compared with the first quarter of 2025.

Gross margin in the first quarter of 2026 was 57.7%, compared with 57.6%, in the fourth quarter of 2025 and 57.3% in the first quarter of 2025.

Operating expenses in the first quarter of 2026 were $64.9 million, compared with $67.5 million in the fourth quarter of 2025 and $59.1 million in the first quarter of 2025.

On a GAAP basis, the Company reported net income of $69.3 million, or $2.04 per diluted share, in the first quarter of 2026. This is compared with net income of $64.7 million, or $1.94 per diluted share, in the fourth quarter of 2025, and $64.8 million, or 2.03 per diluted share, in the first quarter of 2025.

On a non-GAAP basis, the Company reported net income of $ 80.3 million, or $2.33 per diluted share, in the first quarter of 2026. This is compared with net income of $ 72.2 million, or $2.14 per diluted share, in the fourth quarter of 2025, and $70.0 million, or $2.18 per diluted share, in the first quarter of 2025.

Conference Call Information

Nova will host a conference call today, May 14, 2026, at 8:30 a.m. Eastern Time, to discuss the Company's first quarter of 2026 financial results and outlook. To attend the conference call, please dial one of the following teleconference numbers. Please begin by placing your calls five minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

U.S. TOLL-FREE Dial-in Number: 1-833-816-1427
ISRAEL TOLL-FREE Dial-in Number: 1-809-213-284
INTERNATIONAL Dial-in Number: 1-412-317-0519

At:
8:30 a.m. Eastern Time
5:30 a.m. Pacific Time
3:30 p.m. Israel Time

The conference call will also be webcast live from a Link on Nova's website at https://www.novami.com/investors/events/. 

A replay of the conference call will be available from May 14, 2026, at 11:30 a.m. Eastern Time until August 15, 2026, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:

Replay Dial-in U.S. TOLL-FREE: 1-877-344-7529
Replay Dial-in INTERNATIONAL: 1-412-317-0088
Replay Pin Number: 1869305

A replay will also be available for 90 days on Nova's website link at https://www.novami.com/investors/events/.

About Nova

Nova is a leading innovator and key provider of material, optical and chemical metrology solutions for advanced process control in semiconductor manufacturing. Nova delivers continuous innovation by providing state-of-the-art, high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova's product portfolio, which combines high-precision hardware and cutting-edge software, provides its customers with deep insight into developing and producing the most advanced semiconductor devices. Nova's unique capability to deliver innovative solutions enables its customers to improve performance, enhance product yields and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices worldwide. Additional information may be found on Nova's website link - https://www.novami.com/.

Nova is traded on the Nasdaq and TASE, Nasdaq ticker symbol NVMI.

Use of Non-GAAP Adjusted Financial Measures

This press release provides financial measures that exclude amortization of acquired intangible assets, inventory step-up, stock-based compensation expenses, acquisition related expenses, revaluation of operating lease liabilities and remeasurement of intercompany loans, amortization of debt issuance costs, discrete tax reserve release, net and tax effect of non-GAAP adjustment, as applicable, and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding Nova's performance because they reflect our operational results and enhance management's and investors' ability to evaluate Nova's performance before charges or benefits considered by management to be outside Nova's ongoing operating results. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management believes that it is in the best interest of its investors to provide financial information that will facilitate comparison of both historical and future results and allow greater transparency to supplemental information used by management in its financial and operational decision making. A reconciliation of each GAAP to non-GAAP financial measure discussed in this press release is contained in the accompanying financial tables.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding, but not limited to, anticipated growth opportunities and projections about our business and its future revenues, expenses and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to, the following: risks related to information technology security threats, sophisticated computer crime, and data privacy; foreign political and economic risks including supply-chain difficulties; regulations that could restrict our operations such as economic sanctions and export restrictions; changes in U.S. trade policies and taxation; market instability including inflation and recessionary pressures; risks related to doing business with China; catastrophic events; inability to protect our intellectual property; open source technology exposure; risks related to the use of artificial intelligence technologies; challenges related to implementing our new ERP system; failure to compete effectively or to respond to rapid technological changes; consolidation in our industry; difficulty in predicting the length and strength of any downturn or expansion period of the market we target; factors that adversely affect the pricing and demand for our product lines; dependency on a small number of large customers; dependency on a single manufacturing facility per product line; dependency on a limited number of suppliers; difficulty in integrating current or future acquisitions; lengthy sales cycle and customer delays in orders; risks related to conditions in Israel, including Israel's conflicts with certain parties in the region; risks related to our convertible senior notes and capped call transactions; currency fluctuations and quarterly fluctuations in our operating results; and risks related to additional costs and expenses if there is a change in our status as a foreign private issuer. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Nova's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission on February 17, 2026. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Nova Ltd. does not assume any obligation to update the forward-looking information contained in this press release.

(Tables to Follow)

NOVA LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands) - (Unaudited)
	As of
	March 31,	December 31,
ASSETS	2026	2025
Current assets
Cash and cash equivalents	421,816	214,462
Short-term interest-bearing bank deposits	333,296	512,250
Marketable securities	343,432	321,798
Trade accounts receivable, net	176,917	151,929
Inventories	178,850	183,671
Other current assets	35,605	26,692
Total current assets	1,489,916	1,410,802
Non-current assets
Marketable securities	567,850	584,731
Interest-bearing bank deposits and restricted deposits	11,020	12,508
Deferred tax assets	38,887	38,819
Operating lease right-of-use assets	56,764	57,731
Property plant and equipment, net	101,788	102,625
Intangible assets, net	42,559	45,819
Goodwill	89,283	90,807
Other long-term assets	17,624	16,704
Total non-current assets	925,775	949,744
Total assets	2,415,691	2,360,546
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Convertible senior notes, net	732,630	-
Trade accounts payable	54,102	46,982
Deferred revenues	49,092	67,163
Operating lease current liabilities	9,508	8,204
Other current liabilities	98,529	102,186
Total current liabilities	943,861	224,535
Non-current liabilities
Convertible senior notes, net	-	731,680
Operating lease long-term liabilities	58,033	59,271
Long-term deferred tax liability	9,330	10,221
Other long-term liabilities	16,881	16,591
Total non-current liabilities	84,244	817,763
Shareholders' equity	1,387,586	1,318,248
Total liabilities and shareholders' equity	2,415,691	2,360,546

 

 

NOVA LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except per share data) - (Unaudited)
	Three months ended March 31,
	2026	2025
Revenues:
Products	186,263	173,942
Services	49,045	39,414
Total revenues	235,308	213,356
Total cost of revenues	99,620	91,053
Gross profit	135,688	122,303
Operating expenses:
Research and development, net	37,083	33,234
Sales and marketing	20,264	19,788
General and administrative	7,505	6,049
Total operating expenses	64,852	59,071
Operating income	70,836	63,232
Financing income, net	13,048	12,937
Income before taxes on income	83,884	76,169
Income tax expenses	14,625	11,346
Net income for the period	69,259	64,823
Earnings per share:
Basic	2.18	2.22
Diluted	2.04	2.03
Shares used in calculation of earnings per share  (in thousands):
Basic	31,790	29,262
Diluted	34,439	32,062

 

 

NOVA LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(U.S. dollars in thousands) - (Unaudited)
	Three months ended December 31,
	2026	2025
Cash flows from operating activities:
Net income	69,259	64,823
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	3,496	3,086
Amortization of intangible assets	2,315	1,816
Amortization of premium and accretion of discount on marketable securities, net	(1,257)	(1,543)
Amortization of debt issuance costs	950	290
Share-based compensation	7,305	6,376
Net effect of exchange rate fluctuation	55	(3,877)
Changes in assets and liabilities:
Trade accounts receivable, net	(25,613)	15,475
Inventories	4,086	(9,099)
Other current and long-term assets	(9,493)	(13,088)
Deferred tax, net	(621)	(2,636)
Operating lease right-of-use assets	956	478
Trade accounts payable	7,308	(43)
Deferred revenues	(19,673)	(7,439)
Operating lease liabilities	77	(862)
Other current and long-term liabilities	918	14,815
Accrued severance pay, net	9	(23)
Net cash provided by operating activities	40,077	68,549
Cash flows from investment activities:
Acquisition of subsidiary, net of acquired cash	-	(51,697)
Change in short-term and long-term interest-bearing bank deposits	180,215	(2,286)
Investment in marketable securities	(130,323)	(82,270)
Proceeds from maturity of marketable securities	121,881	79,068
Purchase of property and equipment	(4,049)	(8,857)
Net cash provided by (used in) investing activities	167,724	(66,042)
Cash flows from financing activities:
Purchases of treasury shares	-	(20,002)
Net cash used in financing activities	-	(20,002)
Effect of exchange rate fluctuations on cash and cash equivalents	(765)	771
Changes in cash and cash equivalents and restricted cash	207,036	(16,724)
Cash and cash equivalents and restricted cash -beginning of period	214,780	157,779
Cash and cash equivalents - end of period	421,816	141,055

 

 

NOVA LTD.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(U.S. dollars in thousands, except percentage and per share data) - (Unaudited)
	Three months ended
	March 31,  2026	December 31,  2025	March 31,  2025
GAAP gross profit	135,688	128,233	122,303
Stock-based compensation*	2,072	1,990	1,847
Amortization of acquired intangible assets	2,119	2,342	1,670
Acquisition related inventory step-up	-	-	1,348
Non-GAAP gross profit	139,879	132,565	127,168
GAAP gross margin as a percentage of revenues	58 %	58 %	57 %
Non-GAAP gross margin as a percentage of revenues	59 %	60 %	60 %
GAAP operating income	70,836	60,733	63,232
Stock-based compensation*	7,305	6,977	6,376
Acquisition related inventory step-up	-	-	1,348
Acquisition related expenses	-	-	859
Amortization of acquired intangible assets	2,315	2,544	1,816
Discrete tax reserve release, net	-	203	-
Non-GAAP operating income	80,456	70,457	73,631
GAAP operating margin as a percentage of revenues	30 %	27 %	30 %
Non-GAAP operating margin as a percentage of revenues	34 %	32 %	35 %
GAAP net income	69,259	64,688	64,823
Stock-based compensation*	7,305	6,977	6,376
Acquisition related inventory step-up	-	-	1,348
Acquisition related expenses	-	-	859
Amortization of acquired intangible assets	2,315	2,544	1,816
Amortization of debt issuance costs	950	980	290
Revaluation of operating lease and intercompany loans	2,540	1,642	(4,796)
Discrete tax reserve release, net	-	(4,229)	-
Tax effect of non-GAAP adjustments	(2,104)	(363)	(758)
Non-GAAP net income	80,265	72,239	69,958
GAAP basic earnings per share	2.18	2.09	2.22
Non-GAAP basic earnings per share	2.52	2.33	2.39
GAAP diluted earnings per share	2.04	1.94	2.03
Non-GAAP diluted earnings per share	2.33	2.14	2.18
Shares used for calculation of earnings per share (in thousands):
Basic	31,790	31,025	29,262
Diluted	34,439	33,830	32,062
* Stock-based compensation for the three months ended March 31, 2026, included in - Cost of revenues - 2,072; Research and development, net - 3,033; Sales and marketing - 1,551; General and administrative - 649.

 

 

NOVA LTD.
SUPPLEMENTAL INFORMATION - RECONCILIATION OF SECOND QUARTER 2026 GAAP TO NON-GAAP GUIDANCE
(U.S. dollars) (Unaudited)
	Low	High
Estimated GAAP net income per diluted share	2.10	2.24
Estimated non-GAAP items:
Stock-based compensation	0.20	0.20
Amortization of acquired intangible assets	0.06	0.06
Amortization of debt issuance costs	0.03	0.03
Tax effect of non-GAAP adjustments	(0.05)	(0.05)
Estimated non-GAAP net income per diluted share	2.34	2.48

 

Company Contact:

Guy Kizner, Chief Financial Officer
Tel: +972-73-229-5760
E-mail - investors@novami.com 
Nova website link - https://www.novami.com/

Investor Relations Contact:

Miri Segal MS-IR LLC
Tel: +917-607-8654
E-mail - msegal@ms-ir.com

Logo: https://mma.prnewswire.com/media/1446151/Nova_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/nova-reports-record-first-quarter-2026-financial-results-302772245.html

SOURCE Nova

FAQ

What were Nova (NASDAQ: NVMI) Q1 2026 revenues and growth rates?

Nova reported Q1 2026 revenue of $235.3 million, up 6% quarter-over-quarter and 10% year-over-year. According to Nova, this revenue exceeded company guidance and reflected record contributions from memory devices and multiple metrology product lines.

What was Nova NVMI Q1 2026 EPS on a GAAP and non-GAAP basis?

For Q1 2026, Nova reported GAAP diluted EPS of $2.04 and non-GAAP diluted EPS of $2.33. According to Nova, GAAP net income was $69.3 million and non-GAAP net income was $80.3 million, both increasing versus the prior quarter.

What guidance did Nova (NVMI) provide for Q2 2026 revenue and EPS?

Nova expects Q2 2026 revenue between $245 million and $255 million. According to Nova, diluted GAAP EPS is projected at $2.10–$2.24, and diluted non-GAAP EPS at $2.34–$2.48, based on current management estimates.

How did Nova’s gross margin and operating expenses trend in Q1 2026?

Nova reported a Q1 2026 gross margin of 57.7%, slightly above 57.6% in Q4 2025. According to Nova, operating expenses were $64.9 million, down from $67.5 million in Q4 2025 but up from $59.1 million in Q1 2025.

Did Nova’s Q1 2026 financial results exceed its guidance for NVMI stock investors?

Nova stated that Q1 2026 revenue, GAAP net income, and non-GAAP net income all exceeded company guidance. According to Nova, record profitability and strong demand in memory and advanced-node metrology platforms supported these better-than-expected results.

What drove Nova (NVMI) record revenues from memory devices in Q1 2026?

Nova attributed record Q1 2026 memory-device revenues to robust demand for advanced DRAM. According to Nova, record sales of the Nova Metrion platform and AncoScene chemical metrology solution, including new customer wins and share gains, supported this performance.