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

Posted by Geri Gentry on Aug 8th, 2026

Nova (NASDAQ:NVMI – Get Free Report) posted its quarterly earnings results on Thursday. The semiconductor company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.10, FiscalAI reports. Nova had a net margin of 28.84% and a return on equity of 22.13%. The firm had revenue of $254.96 million for the quarter, compared to the consensus estimate of $250.33 million. During the same period last year, the firm posted $2.20 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Nova updated its Q3 2026 guidance to 2.700-2.850 EPS.

Here are the key takeaways from Nova’s conference call:

Record results: Second-quarter revenue reached $255 million, up 8% sequentially and 16% year over year, while non-GAAP EPS of $2.51 exceeded the high end of guidance. Non-GAAP operating margin was 33%, at the upper end of the company’s target range.
Management expects continued momentum, guiding third-quarter revenue to $277 million–$287 million and non-GAAP EPS to $2.70–$2.85. Executives cited strong customer visibility, capacity investments, market-share gains, and a path to reaching long-term organic growth objectives sooner than planned.
Advanced logic revenue more than doubled sequentially, while advanced packaging generated record sales equal to nearly 25% of product revenue. Demand was supported by gate-all-around logic, high-bandwidth memory, hybrid bonding, chiplets, and panel-level packaging.
Nova reported strong adoption of its portfolio, including the VeraFlex XPS, WMC, ancosys, Metrion, and ELIPSON platforms, with multiple products achieving record sales or expanding into high-volume manufacturing. The company also highlighted a tool-of-record win with a leading foundry for advanced-packaging measurements.
Memory demand is growing but remains uneven, with DRAM stronger and 3D NAND relatively muted as investment is focused mainly on upgrades rather than capacity expansion. Supply-chain capacity is stretched, with product lead times ranging from roughly four to 12 months, although management said it is working to maintain customer lead times and expects full-year gross margin near 59%.

Nova Price Performance

NVMI traded up $11.70 during trading hours on Friday, reaching $393.02. The company’s stock had a trading volume of 461,150 shares, compared to its average volume of 589,066. The stock has a market cap of $12.49 billion, a PE ratio of 48.64, a P/E/G ratio of 2.84 and a beta of 1.78. Nova has a fifty-two week low of $232.73 and a fifty-two week high of $615.99. The business’s 50-day moving average is $480.56 and its 200-day moving average is $475.70.

Insiders Place Their Bets

In related news, Director Sarit Sagiv sold 454 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $536.52, for a total transaction of $243,580.08. Following the completion of the sale, the director directly owned 1,951 shares of the company’s stock, valued at approximately $1,046,750.52. This trade represents a 18.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $501.30, for a total transaction of $1,486,855.80. Following the completion of the sale, the chief executive officer owned 28,714 shares in the company, valued at approximately $14,394,328.20. This trade represents a 9.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,798 shares of company stock worth $4,125,266 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Nova

A number of institutional investors and hedge funds have recently made changes to their positions in NVMI. Kestra Advisory Services LLC purchased a new position in shares of Nova during the fourth quarter worth $101,000. Advisors Asset Management Inc. raised its holdings in shares of Nova by 26.6% in the 4th quarter. Advisors Asset Management Inc. now owns 599 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 126 shares during the period. Index Technologies Group LLC acquired a new position in Nova during the 4th quarter worth about $218,000. Daiwa Securities Group Inc. lifted its stake in Nova by 89.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 339 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 160 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Nova during the 3rd quarter valued at about $224,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting 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.

Analysts Set New Price Targets

A number of research firms have weighed in on NVMI. Needham & Company LLC decreased their target price on shares of Nova from $640.00 to $570.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings cut Nova from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Cantor Fitzgerald reduced their price objective on Nova from $600.00 to $500.00 and set an “overweight” rating on the stock in a research report on Friday. Jefferies Financial Group reissued a “buy” rating and set a $600.00 price objective on shares of Nova in a research note on Thursday. Finally, Barclays upped their target price on Nova from $465.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $519.44.

Read Our Latest Stock Report on NVMI

Nova Company Profile

(Get Free Report)

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.

Earnings History for Nova (NASDAQ:NVMI)

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