Welcome to our dedicated page for Nova news (Ticker: NVMI), a resource for investors and traders seeking the latest updates and insights on Nova stock.
Nova Ltd. (NASDAQ: NVMI) is a semiconductor equipment company that focuses on material, optical and chemical metrology solutions for advanced process control in semiconductor manufacturing. The news and press releases referenced in Nova’s Form 6-K filings highlight regular updates on its financial performance, technology platforms, and investor relations activities.
Investors following Nova’s news can see announcements of quarterly and annual financial results, where the company reports revenues from products and services, gross profit, operating income, and net income. For example, Nova has reported record quarterly revenue linked to demand for advanced DRAM, High Bandwidth Memory devices, and advanced logic devices driven by Gate-All-Around manufacturing processes. These earnings releases are typically accompanied by details of conference calls and webcasts for analysts and shareholders.
Nova’s news flow also includes product and technology announcements. The company has introduced platforms such as the Nova WMC, a next-generation modular optical metrology platform for advanced packaging, and has highlighted customer selections of its ELIPSON® materials metrology solution and Nova Metrion® platform for advanced logic and GAA processes. These releases describe how Nova’s metrology tools address complex requirements in 2.5D and 3D packaging, hybrid bonding, and nanoscale material characterization.
Another recurring theme in Nova’s news is capital markets and financing activity, including the pricing and closing of 0.00% convertible senior notes due 2030 and related capped call transactions. The company also issues updates about participation in investor conferences, fireside chats, and growth conferences hosted by major financial institutions.
By reviewing Nova-related news on this page, readers can track developments in its metrology product portfolio, understand the financial context behind demand for its systems, and follow management’s communication with the global investment community.
Nova (Nasdaq: NVMI) announced preliminary results for Q3 2020, projecting record revenue between $68 million and $70 million, surpassing earlier guidance of $58 million to $66 million. GAAP earnings per share are estimated at $0.42 to $0.47, up from the previous range of $0.25 to $0.39. Non-GAAP earnings per share are expected to reach $0.51 to $0.56, exceeding prior estimates. The final results, due November 12, 2020, may differ from these estimates.
Nova (Nasdaq: NVMI) announced that a leading global Memory manufacturer has chosen its NovaPRISM™ optical metrology solution for advanced Memory fabrication. The decision follows a thorough evaluation and is expected to result in multiple tool deliveries throughout 2021. NovaPRISM™ leverages Spectral Interferometry technology to address challenges in modern chip architectural demands, providing superior metrology performance and faster processing times. This selection underscores Nova's commitment to innovation in semiconductor manufacturing.
Nova (Nasdaq: NVMI) announced plans to expand its production capabilities by building a new state-of-the-art clean room in Israel. This facility, set to be operational by late 2022, aims to enhance Nova's production methods and meet continuous demand for its advanced technologies. The clean room will utilize industry 4.0 elements and high levels of automation, aligning with sustainability standards. The new facility follows Nova's recent office move and the opening of another site in Fremont, CA.
Nova (NASDAQ: NVMI) announced that Dror David, CFO, will engage in one-on-one virtual meetings at Lake Street's 4th Annual Best Ideas Growth (BIG4) Virtual Conference on September 17, 2020. This invitation-only conference aims to connect over 90 small-cap companies with institutional investors, facilitating access to senior management through varied meeting formats. Nova specializes in metrology solutions for semiconductor manufacturing, enhancing performance and product yields while accelerating time to market. For more details, visit www.novami.com.
Nova (Nasdaq: NVMI) announced that Dror David, Chief Financial Officer, will participate in several upcoming virtual investor conferences. These include:
- Needham's SemiCap and EDA Virtual Conference on August 13, 2020.
- Jefferies Virtual 2020 Semiconductor Summit on September 1-2, 2020.
- Citi's Virtual 2020 Global Technology Conference on September 9-10, 2020.
Investors can schedule one-on-one meetings with Mr. David through their sales contacts or Miri Segal at msegal@ms-ir.com.
Nova (Nasdaq: NVMI) reported a strong second quarter 2020, achieving revenues of $62.6 million, up 22.4% year-over-year. The GAAP net income was $8.7 million ($0.30 per diluted share), while non-GAAP net income reached $13.8 million ($0.48 per diluted share). The company maintained a gross margin of 58.5%, an improvement from the previous quarter. Despite market uncertainties due to COVID-19, management is optimistic for the third quarter, projecting revenues of $58 million to $66 million and diluted GAAP EPS between $0.25 and $0.39.
Nova (Nasdaq: NVMI) announced two new Integrated Metrology solutions, the Nova i570 HP and Nova ASTERA, aimed at enhancing performance in semiconductor manufacturing. These platforms address growing complexities in chip production, targeting advanced applications in DRAM, 3D NAND, and Logic nodes. Nova ASTERA offers industry-leading accuracy and speed, while the i570 HP provides high throughput and improved measurement capabilities. The advancements are expected to shorten R&D cycles and boost manufacturing efficiency, further solidifying Nova's position as a leader in metrology solutions.
NOVA (Nasdaq: NVMI) will release its Q2 2020 financial results on August 4, 2020, prior to market opening. A conference call led by CEO Eitan Oppenhaim and CFO Dror David will take place the same day at 9 a.m. ET to discuss the results. Investors can join the call via U.S. toll-free number 1-866-548-4713 or through an international line. A replay will be available for one week after the call, and a longer replay will be accessible on the company’s website for 90 days.