Nova (NASDAQ:NVMI) Releases Earnings Results, Beats Estimates By $0.10 EPS

Key Points

• Nova beat quarterly expectations, reporting EPS of $2.51 versus the $2.41 consensus and revenue of $254.96 million versus estimates of $250.33 million. Revenue increased 15.9% year over year, while net margin reached 28.84%.
• Third-quarter guidance exceeded analyst forecasts: Nova expects EPS of $2.70–$2.85 and revenue of $277 million–$287 million, suggesting continued demand for its semiconductor measurement products.
• Analysts maintain a generally positive view, with eight Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $519.44, despite several firms recently lowering their targets.

Nova (NASDAQ:NVMI - Get Free Report) issued its earnings results on Friday. The semiconductor company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.10, FiscalAI reports. The business had revenue of $254.96 million for the quarter, compared to analyst estimates of $250.33 million. Nova had a net margin of 28.84% and a return on equity of 22.13%. Nova's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 earnings per share.

Nova Trading Up 3.1%

Shares of NASDAQ:NVMI traded up $11.70 during mid-day trading on Friday, hitting $393.02. 461,150 shares of the company traded hands, compared to its average volume of 589,066. The stock has a market cap of $12.49 billion, a P/E ratio of 48.64, a P/E/G ratio of 2.76 and a beta of 1.78. Nova has a 12-month low of $232.73 and a 12-month high of $615.99. The stock has a 50-day moving average price of $480.56 and a two-hundred day moving average price of $475.70.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NVMI shares. Evercore set a $475.00 price objective on shares of Nova in a research report on Friday. Citigroup boosted their target price on Nova from $520.00 to $595.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Cantor Fitzgerald dropped their price target on Nova from $600.00 to $500.00 and set an "overweight" rating on the stock in a research note on Friday. Needham & Company LLC cut their price target on Nova from $640.00 to $570.00 and set a "buy" rating on the stock in a report on Friday. Finally, Barclays raised their price objective on Nova from $465.00 to $600.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $519.44.

Insider Buying and Selling

In other Nova news, Director Yaniv Garty sold 366 shares of the firm's stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $581.20, for a total transaction of $212,719.20. Following the transaction, the director directly owned 2,006 shares in the company, valued at approximately $1,165,887.20. This trade represents a 15.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of Nova stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $501.30, for a total transaction of $1,486,855.80. Following the transaction, the chief executive officer directly owned 28,714 shares in the company, valued at $14,394,328.20. This represents a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,798 shares of company stock worth $4,125,266. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nova

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of Nova in the 4th quarter worth approximately $101,000. Advisors Asset Management Inc. increased its holdings in Nova by 26.6% in the 4th quarter. Advisors Asset Management Inc. now owns 599 shares of the semiconductor company's stock worth $197,000 after acquiring an additional 126 shares during the last quarter. Index Technologies Group LLC bought a new stake in Nova in the 4th quarter valued at about $218,000. Daiwa Securities Group Inc. raised its stake in Nova by 89.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 339 shares of the semiconductor company's stock valued at $111,000 after acquiring an additional 160 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Nova during the third quarter valued at about $224,000. 82.99% of the stock is owned by institutional investors.

Trending Headlines about Nova

Here are the key news stories impacting Nova this week:

• Positive Sentiment: Nova reported record second-quarter revenue of approximately $255.0 million, up 8% sequentially and 16% year over year. Earnings were $2.51 per share, exceeding the $2.41 consensus estimate and rising from $2.20 a year earlier. Nova Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter guidance also surpassed expectations: Nova forecast EPS of $2.70–$2.85 versus the $2.64 analyst consensus, and revenue of $277 million–$287 million versus expectations of $276.7 million. This suggests continued demand for the company’s semiconductor measurement products. Nova Ltd. Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Needham lowered its price target to $570 from $640 but maintained a “Buy” rating, implying substantial upside from the current trading level. Benzinga
• Positive Sentiment: Cantor Fitzgerald reduced its target to $500 from $600 while retaining an “Overweight” rating, indicating analysts remain constructive despite more conservative valuations. Benzinga
• Neutral Sentiment: The target reductions may reflect valuation or broader semiconductor-sector caution. Nova trades at a relatively elevated earnings multiple, so further gains may depend on continued execution and delivery of its strong guidance.

Nova Company Profile

Nova Measuring Instruments Ltd NASDAQ: NVMI develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company's core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.

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