Nova Ltd Stock Price, News & Analysis

Nova (NVMI) reported record second quarter 2024 financial results, with quarterly revenue of $156.9 million, up 11% QoQ and 28% YoY. GAAP net income reached $45.1 million ($1.41 per diluted share), while non-GAAP net income was $52.0 million ($1.61 per diluted share). The company saw record bookings for advanced packaging processes and materials metrology solutions, as well as record revenue from chemical metrology.

Nova's performance was driven by broad demand across its portfolio, with strong growth in Gate-All-Around and advanced packaging solutions, as well as robust demand for mature nodes. For Q3 2024, Nova expects revenue between $168-$176 million and diluted non-GAAP EPS of $1.60-$1.73.

Nova (NASDAQ: NVMI) announced the release of its financial results for Q2 2024 on August 8, 2024, before the Nasdaq market opens.

A conference call will follow at 8:30 a.m. Eastern Time on the same day, hosted by CEO Gaby Waisman and CFO Guy Kizner. The call will review the company's financial performance for the quarter.

Participants can join the call via toll-free and international numbers or through a live webcast available on Nova's Investor Relations website. A replay of the conference call will be accessible until August 15, 2024.

Nova (Nasdaq: NVMI), a leader in metrology solutions for advanced process control in semiconductor manufacturing, announced that its President and CEO, Gaby Waisman, along with CFO Guy Kizner, will participate in SEMICON West 2024.

The event will take place on July 9 and 10 at the Hotel Zelos and Moscone Center in San Francisco. Investors can schedule meetings by contacting Miri Segal of MS-IR.

Nova (Nasdaq: NVMI), a leading provider of metrology solutions for semiconductor manufacturing, announced the participation of its CFO Dror David and incoming CFO Guy Kizner in two investor conferences in June 2024. They will attend the Stifel Cross Sector Insight Conference on June 4 at the InterContinental Hotel in Boston and the Bank of America 2024 Global Technology Conference on June 5 at The Westin St. Francis Hotel in San Francisco. Both events will feature in-person fireside chats and one-on-one meetings. Live webcasts of the fireside chats will be available on Nova's investor relations page.

Nova (Nasdaq: NVMI) reported strong financial results for the first quarter of 2024, with revenue reaching $141.8 million, a 6% increase QoQ, and GAAP net income of $36.9 million. Non-GAAP net income was a record $44.6 million, reflecting the company's robust operational model and continued market traction for its innovative technologies. The service business grew by 13% YoY, driven by expanding tool life extensions. Memory product revenue share increased to 40%, led by demand for advanced DRAM and HBM solutions. Gross margin improved to 59% while operating expenses increased to $46.0 million. Management provided a positive outlook for the second quarter, projecting revenue of $144-$152 million and GAAP EPS of $1.07-$1.21.