Nova (NASDAQ:NVMI) Releases Q3 2026 Earnings Guidance

Key Points

• Nova guided for Q3 2026 EPS of $2.70–$2.85 and revenue of $277 million–$287 million, both slightly above analyst consensus estimates.
• The semiconductor metrology company’s latest quarter exceeded expectations, with EPS of $2.51 versus $2.41 expected and revenue of $254.96 million, up 15.9% year over year.
• Shares fell 4.2% to $385.50 despite generally positive analyst sentiment; eight analysts rate Nova a Buy, with an average price target of $556.67.

Nova (NASDAQ:NVMI - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.700-2.850 for the period, compared to the consensus estimate of 2.640. The company issued revenue guidance of $277.0 million-$287.0 million, compared to the consensus revenue estimate of $276.7 million.

Analysts Set New Price Targets

NVMI has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Nova from $465.00 to $600.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Cantor Fitzgerald reissued an "overweight" rating and issued a $600.00 target price on shares of Nova in a research note on Tuesday, July 14th. Jefferies Financial Group raised their target price on shares of Nova from $520.00 to $640.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th. Evercore restated an "outperform" rating and set a $600.00 target price on shares of Nova in a report on Friday, May 15th. Finally, Zacks Research lowered Nova from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 14th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $556.67.

Nova Trading Down 4.2%

NVMI stock traded down $16.88 during midday trading on Thursday, hitting $385.50. 252,693 shares of the company's stock were exchanged, compared to its average volume of 440,474. The business has a 50-day simple moving average of $485.24 and a two-hundred day simple moving average of $476.74. The stock has a market capitalization of $12.25 billion, a PE ratio of 48.07, a P/E/G ratio of 2.99 and a beta of 1.78. Nova has a 1-year low of $232.73 and a 1-year high of $615.99.

Nova (NASDAQ:NVMI - Get Free Report) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.10. The company had revenue of $254.96 million for the quarter, compared to the consensus estimate of $250.33 million. Nova had a return on equity of 21.77% and a net margin of 29.21%.The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.20 earnings per share. Nova has set its Q3 2026 guidance at 2.700-2.850 EPS. As a group, research analysts expect that Nova will post 9.46 EPS for the current fiscal year.

Insider Activity at Nova

In other Nova news, CEO Gabriel Waisman sold 2,966 shares of the company's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $501.30, for a total value of $1,486,855.80. Following the transaction, the chief executive officer owned 28,714 shares of the company's stock, valued at $14,394,328.20. This represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yaniv Garty sold 366 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $1,165,887.20. This trade represents a 15.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,798 shares of company stock valued at $4,125,266 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of Nova

Several institutional investors have recently added to or reduced their stakes in NVMI. Invesco Ltd. lifted its stake in Nova by 4.4% during the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company's stock worth $208,293,000 after purchasing an additional 26,940 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Nova in the fourth quarter valued at $543,000. Sphera Funds Management LTD. grew its stake in shares of Nova by 9.0% in the fourth quarter. Sphera Funds Management LTD. now owns 47,846 shares of the semiconductor company's stock valued at $15,712,000 after buying an additional 3,950 shares in the last quarter. Man Group plc purchased a new stake in shares of Nova in the 4th quarter valued at $3,538,000. Finally, Bamco Inc. NY raised its holdings in shares of Nova by 40.9% in the 4th quarter. Bamco Inc. NY now owns 154,511 shares of the semiconductor company's stock valued at $50,740,000 after buying an additional 44,819 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

About Nova

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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