Nova (NVMI) ELIPSON® Chosen as Tool of Record for GAA Foundry

Nova Ltd. (Nasdaq: NVMI) announced on October 6, 2025 that its ELIPSON® materials metrology solution was selected as Tool of Record by a leading global foundry for Gate‑All‑Around (GAA) manufacturing.

Rhea-AI Filing Summary

Nova Ltd. (Nasdaq: NVMI) announced on October 6, 2025 that its ELIPSON® materials metrology solution was selected as Tool of Record by a leading global foundry for Gate‑All‑Around (GAA) manufacturing. The company said it has received orders and delivered several ELIPSON® tools for use in high‑volume production, signaling deployment in advanced logic node fabrication. ELIPSON® uses Raman spectroscopy for rapid, non‑destructive, in‑die nanoscale material characterization, and this selection follows recent adoption of Nova's Metrion® platform by another GAA customer. No financial terms or revenue impact were disclosed.

Positive

• ELIPSON® selected as Tool of Record by a leading global foundry for GAA manufacturing
• Orders received and several tools delivered for high‑volume production use
• Expands commercial footprint after recent Metrion® adoption by another GAA customer
• Non‑destructive, Raman‑based nanoscale metrology aligns with advanced node requirements

Negative

• No financial terms disclosed—revenue and margin impact unspecified
• Deployment scale and contract length not stated, limiting near‑term revenue visibility

Insights

Semiconductor Equipment Strategist

Tool selection signals adoption in advanced logic production but lacks disclosed financials.

The selection of ELIPSON® as Tool of Record by a leading foundry indicates that Nova's metrology technology meets the technical and qualification requirements for GAA node production. Such a designation typically reflects reliability, repeatability, and integration with fab process control systems, which are critical for high‑volume manufacturing.

The main dependencies are order scale, deployment timeline, and recurring service or tool expansion; none of these are quantified here, so revenue or margin effects are unspecified. Monitor for concrete order volumes, multi‑year contracts, or disclosed shipment schedules over the next 6–18 months to assess investor impact.

Metrology Product Manager

ELIPSON®’s Raman‑based, non‑destructive capability fits GAA process needs.

Raman spectroscopy provides nanoscale, non‑contact material characterization, which aligns with GAA manufacturers’ need for in‑die material insights without damaging wafers. The delivered tools for high‑volume processes suggest successful integration into production workflows rather than only R&D testing.

Risks include qualification cycles for additional fabs and competition from alternate metrology methods. Track follow‑on orders and any statements about production yield improvements or per‑tool deployment across fab sites within the next 12 months.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Nova (NVMI) announce about ELIPSON® on October 6, 2025?

Nova announced that ELIPSON® was selected as Tool of Record by a leading global foundry for Gate‑All‑Around manufacturing and that the company has received orders and delivered several tools.

Does the announcement disclose financial terms or expected revenue impact for NVMI?

No. The announcement states orders were received and tools delivered but does not disclose financial terms, order values, or revenue guidance.

What is ELIPSON® and why is it relevant to GAA processes?

ELIPSON® is a materials metrology solution using Raman spectroscopy to provide rapid, non‑destructive, in‑die nanoscale material characterization, which supports critical process control for GAA device fabrication.

Has Nova previously had GAA customers adopt its metrology platforms?

Yes. The announcement notes recent adoption of the Metrion® platform by another GAA customer, indicating multiple engagements in advanced logic nodes.

What near‑term developments should investors watch for regarding NVMI's ELIPSON® rollout?

Look for disclosures of order volumes, multi‑year contracts, shipment schedules, or comments on production yield impacts within the next 6–18 months.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/06/2025 - 07:01 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2025

Commission File No.: 000-30668

NOVA LTD.

(Translation of registrant’s name into English)

5 David Fikes Street, Rehovot, Israel

 (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ☒      Form 40-F ☐

Attached hereto and incorporated by way of reference herein is a press release issued by the Registrant and entitled: “Leading Foundry Selects Nova ELIPSON® for GAA Processes”.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 

Date: October 6, 2025

NOVA LTD.
(Registrant)

By: /s/ Guy Kizner
——————————————
Guy Kizner

Chief Financial Officer

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

E-mail - msegal@ms-ir.com

Leading Foundry Selects Nova ELIPSON® for GAA Processes

Rehovot, Israel, October 6, 2025 - Nova (Nasdaq: NVMI) today announced that its ELIPSON^® materials metrology solution has been selected as Tool of Record by a leading global foundry customer for advanced Gate-All-Around (GAA) manufacturing processes.

The Company has received orders and delivered several ELIPSON® tools to the customer for use in various high-volume production processes.

The selection marks a significant milestone for the ELIPSON^® platform, which is designed to deliver non-destructive, in-die material characterization for the most challenging nodes in semiconductor fabrication. This selection joins the recent adoption of the Nova Metrion^® platform by another GAA customer, further expanding the presence of Nova’s materials metrology solutions in advanced logic nodes production.

Nova ELIPSON^® leverages state-of-the-art Raman spectroscopy technology to provide precise, repeatable measurements of material properties—key requirements for next-generation device architectures. By enabling rapid, non-contact material analysis at the nanoscale, ELIPSON^® supports manufacturers’ needs for both innovation and efficiency in a dynamic market landscape.

Gaby Waisman, President and CEO of Nova, commented: “The selection of ELIPSON^® by a leading global foundry for Gate-all-Around manufacturing, underscores our commitment to delivering differentiated solutions for the evolving needs of our customers. These latest developments indicate the significant value of our materials metrology portfolio to the industry’s need for critical process insight in advanced nodes production.”

About Nova

Nova is a leading innovator and key provider of material, optical and chemical solutions for advanced metrology and 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.

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; indirect effects of the Russia – Ukraine conflict; 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, including risks related to artificial intelligence; risks related to the use of artificial intelligence technologies; challenges related to 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 Hamas and other parties in the region; risks related to our convertible notes; currency fluctuations; and quarterly fluctuations in our operating results. 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, 2024, filed with the Securities and Exchange Commission on February 20, 2025. 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.

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