NVMI

Nova Ltd. NVMI delivered a strong performance in the second quarter of 2026, supported by healthy demand for advanced semiconductor process-control solutions. The company reported record revenues and earnings, while management’s upbeat third-quarter outlook highlighted continued momentum across advanced logic and packaging applications. Let us delve a little deeper into the stock’s key growth drivers. Nova reported second-quarter revenues of $255 million, up 16% year over year and 8% sequentially. The figure surpassed the Zacks Consensus Estimate by 0.9%. Non-GAAP earnings of $2.51 per share increased 14% from the year-ago quarter and beat the consensus mark of $2.41 by 4.2%. The company surpassed earnings expectations in each of the trailing four quarters.Growth was driven by record revenues from advanced logic devices as customers continued transitioning toward Gate-All-Around (GAA) architectures and advanced nodes. Nova also posted record revenues from advanced-packaging solutions, benefiting from capacity additions across logic and memory manufacturing.The momentum is likely to continue in the third quarter. Management expects revenues between $277 million and $287 million, implying growth of roughly 9-13% sequentially at the endpoints. Non-GAAP earnings are projected between $2.70 and $2.85 per share. The outlook suggests that investments tied to AI, high-performance computing and increasingly complex semiconductor architectures remain important demand catalysts for Nova’s metrology portfolio. Nova is well-positioned to benefit from rising process complexity in semiconductor manufacturing. As chipmakers move toward GAA transistors, advanced packaging, high-bandwidth memory and more complex device structures, the need for precise dimensional, materials and chemical metrology continues to increase.The company achieved record sales for its front-end chemical metrology solution and Sentronics dimensional metrology products used in advanced packaging. Broad-based demand, market share gains and deeper engagement with leading-edge customers also improved visibility into future opportunities.These trends strengthen Nova’s long-term investment case. Unlike semiconductor-equipment companies that rely mainly on wafer-fabrication capacity growth, Nova also benefits from increasing metrology intensity per wafer as manufacturing complexity rises. This gives the company an additional structural growth driver even when broader industry spending is uneven. Nova has gained 32.6% in the past year compared with the industry’s growth of 47.9%. It has lagged peers like FormFactor, Inc. FORM and United Microelectronics Corporation UMC. While UMC has gained 200.8%, FORM soared 248.4% over this period. One-Year NVMI Stock Price Performance Image Source: Zacks Investment Research Nova’s second-quarter performance reinforces the strength of its underlying business. Record revenues, continued earnings beats, growing exposure to GAA and advanced packaging and a strong third-quarter outlook support the bullish case. The recent share-price correction provides a more reasonable entry point for investors willing to tolerate volatility.Given its strong execution, expanding process-control opportunity and favorable earnings outlook, investors may consider betting on the stock for long-term growth.Nova currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nova Ltd. (NVMI) : Free Stock Analysis Report FormFactor, Inc. (FORM) : Free Stock Analysis Report United Microelectronics Corporation (UMC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Nova Ltd. has reported past second-quarter 2026 results showing revenue of US$254.96 million and net income of US$75.01 million, with guidance for third-quarter revenue of US$277 million to US$287 million and diluted GAAP EPS of US$2.46 to US$2.61. A key insight is that demand tied to advanced packaging for AI-related applications helped drive record quarterly performance while inventory efficiency improved. We’ll now examine how this AI-driven strength in advanced packaging shapes Nova’s investment narrative in light of its recent performance. Capitalize on the AI infrastructure supercycle with our selection of the 55 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. NOVA’s story hinges on investors believing in its role as a key process‑control supplier to advanced logic and packaging, particularly where AI workloads are pushing chip complexity higher. The latest Q2 numbers, with record revenue of US$254.96 million and guidance pointing to another step up in Q3, reinforce that advanced packaging tied to AI is not just a side benefit but a central near‑term catalyst. At the same time, the stock’s pullback over the past quarter suggests the market is weighing this strength against familiar risks: a premium earnings multiple, softer areas like NAND, and recent insider selling. This earnings beat and stronger guidance likely ease near‑term worries about demand and inventory, but they do not remove the cyclicality or valuation risk that still frame the investment case. However, one risk in particular may matter more than the recent beat suggests. Nova's shares are on the way up, but could they be overextended? Uncover how much higher they are than fair value. Three Simply Wall St Community fair values stretch from about US$96 to US$574, underscoring how differently private investors view Nova. Set against the recent AI‑driven strength in advanced packaging, that dispersion invites you to weigh how much cyclicality and premium pricing you are comfortable with. Explore 3 other fair value estimates on Nova - why the stock might be worth less than half the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Nova research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision. Our free Nova research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Nova's overall financial health at a glance. These stocks are moving-our analysis flagged them today. Act fast before the price catches up: AI is about to change healthcare. These 42 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 28 best rare earth metal stocks of the very few that mine this essential strategic resource. The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 16 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NVMI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Nova Ltd.? Here are five stocks we like better. Record Q2 performance: Nova reported revenue of $255 million, up 8% sequentially and 16% year over year, while non-GAAP EPS of $2.51 exceeded guidance. Management cited broad-based demand and expects another year of double-digit growth. Advanced logic and packaging drive expansion: Advanced-logic revenue more than doubled sequentially, while advanced packaging reached nearly one-quarter of product revenue, supported by AI-related and high-bandwidth-memory investments. Nova now expects packaging to represent about 25% of full-year product revenue. Strong outlook and financial flexibility: Nova forecast third-quarter revenue of $277 million to $287 million and non-GAAP EPS of $2.70 to $2.85. The company ended the quarter with more than $1.7 billion in cash and investments and reported improving visibility into customer demand through 2027, despite muted 3D NAND spending. 2 Lesser-Known Photonics Firms May Play an Outsized Role in AI Nova (NASDAQ:NVMI) reported record second-quarter revenue of $255 million, up 8% sequentially and 16% from a year earlier, as demand increased across its semiconductor process-control portfolio. The company said revenue reached the high end of its guidance range, while non-GAAP diluted earnings per share of $2.51 exceeded the high end of its outlook. President and CEO Gaby Waisman said the quarter marked a milestone for the company, with revenue surpassing $250 million and non-GAAP EPS exceeding $2.50. He said Nova expects another year of double-digit growth, supported by customer capacity investments, wider adoption of its products and market-share gains. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Breakout Momentum Plays You May Not Know About “Demand was broad-based across our portfolio,” Waisman said, citing advanced logic and advanced packaging applications as leading contributors. He also said the company is developing the next phase of its long-term growth plan and expects to provide additional details at an Investor Day planned for the first quarter of 2027. Revenue associated with advanced logic more than doubled sequentially as customers expanded production capacity, according to Waisman. He said demand spanned multiple product lines and divisions, reflecting the process-control requirements of leading-edge logic manufacturing. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Nova’s VeraFlex XPS materials-metrology platform continued to gain traction in gate-all-around manufacturing, with customers increasing the number of tools deployed per fab, Waisman said. The company recently expanded its California clean room, doubling its U.S. manufacturing capacity. The company also reported record sales for Nova ancosys, its front-end chemical metrology solution, supported by advanced-memory and mature-logic applications. Waisman attributed the performance to rising adoption, deeper engagement with existing customers and market-share gains. → Ulta's Growth Is Real, But So Are the Risks Advanced packaging contributed nearly one-quarter of total product revenue during the second quarter, reaching a record level. Waisman said customer investments in advanced packaging and high-bandwidth memory capacity for AI-related devices supported the growth. The Nova WMC dimensional-metrology platform gained traction, including a tool-of-record selection from a leading foundry customer for multilayer measurements in advanced packaging production flows. Waisman said Nova expects advanced packaging to account for about 25% of product revenue for the full year, compared with the company’s earlier expectation of between 20% and 25%. CFO Guy Kizner said second-quarter GAAP gross margin was 57%, while non-GAAP gross margin was 58%. GAAP operating expenses totaled $68 million and non-GAAP operating expenses were $62.9 million, reflecting investments in product development and roadmap expansion. GAAP operating margin reached 30%, while non-GAAP operating margin was 33%, at the upper end of Nova’s 28% to 33% target model. GAAP diluted EPS was $2.20, compared with non-GAAP diluted EPS of $2.51. The company’s effective tax rate was approximately 16%. For the third quarter, Nova forecast revenue of $277 million to $287 million, GAAP diluted EPS of $2.46 to $2.61 and non-GAAP diluted EPS of $2.70 to $2.85. At the midpoint of its outlook, the company expects GAAP gross margin of about 57%, non-GAAP gross margin of about 59%, and an effective tax rate of approximately 17%. Third-quarter GAAP operating expenses are expected to rise to approximately $74 million. Third-quarter non-GAAP operating expenses are expected to increase to approximately $68 million. Nova expects full-year gross margin of approximately 59%, Kizner said. Nova ended the period with more than $1.7 billion in cash and investments. Kizner said the balance sheet provides flexibility for research and development, strategic growth initiatives and selective acquisition opportunities. Product revenue in the second quarter was approximately 73% logic and foundry and 27% memory and other markets. Kizner said the company expects memory to account for about 30% of its business this year, compared with its long-term model of roughly 60% logic and foundry and 40% memory. The company is seeing strong demand from DRAM customers, while 3D NAND demand remains more muted, according to management. Waisman said NAND investment has been focused more on upgrades than capacity expansion, though Nova expects to benefit when capacity investment returns. Management said customer planning has provided greater visibility into the second half of 2026 and into 2027. Waisman said customers are working more closely with Nova on longer-term capacity and inventory planning, and in some cases the company has already received orders tied to 2027 deliveries. While Waisman said it was too early to determine whether wafer-fab-equipment spending will grow by 40% in 2027, he said Nova expects next year to be a growth year and is working with suppliers to support customer demand. Lead times vary by product line but are generally between four and 12 months, he said. On costs, Kizner said Nova has seen some impact from higher memory-related bill-of-materials costs, but said memory represents a relatively small portion of its bill of materials and does not meaningfully alter the company’s gross-margin outlook. Management said its 57% to 60% gross-margin target range remains intact. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Nova Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record quarterly revenue of $255 million, surpassing the $250 million milestone, with 16% year-over-year growth. Record non-GAAP EPS of $2.51, exceeding the high end of guidance, demonstrating strong earning power. Broad-based demand across product lines, with record sales in advanced logic, advanced packaging, and services. Strong growth in advanced packaging, contributing nearly 25% of product revenue, driven by AI-related demand and HBM capacity. Enhanced visibility into 2027 with customers providing longer-term planning, supporting confidence in future growth. Strong financial position with over $1.7 billion in cash and investments, providing flexibility for R&D and M&A. Continued innovation with new product launches (Prism, VeriFlex, Nova WMC, NovaHub) expanding the serviceable market. Gross margins remain healthy at 58% non-GAAP, within the target model, with Q3 guidance of 59%. Operating margins reached 33% non-GAAP, at the upper end of the target model, reflecting operational leverage. Positive Q3 guidance with revenues expected between $277 million and $287 million, indicating continued momentum. Memory revenue declined 14% quarter-over-quarter, with muted NAND demand due to upgrades rather than capacity expansion. Supply chain is stretched, requiring significant effort to maintain lead times, which vary from 4 to 12 months. Gross margin in Q2 was slightly below guidance by about 90 basis points due to product mix, though within the target range. Operating expenses increased to $62.9 million non-GAAP, reflecting higher reinvestment in R&D and roadmap expansion. Process control intensity is lower this year, particularly in memory, which could limit near-term growth relative to WFE. Visibility into 2027 is still early, and it is too soon to confirm whether WFE growth of 40% is achievable. NAND market remains muted, and recovery is uncertain, with potential benefits only expected when capacity returns, possibly next year. The company faces potential BOM cost impacts from memory price increases, though currently not significant to margins. Warning! GuruFocus has detected 3 Warning Signs with NVMI. Is NVMI fairly valued? Test your thesis with our free DCF calculator. Q: Can you compare the visibility you have into 2027 versus prior cycles, particularly on the memory side, and how customer behavior is changing?A: Gabby Weisman, President and CEO, stated that this cycle is unprecedented in terms of visibility and customer intimacy. Customers are working much more closely with Nova, providing longer-term visibility into next year to ensure supply chain readiness. This is a significant departure from previous cycles, allowing for better planning for both the second half of this year and into 2027. He noted that in some cases, they are already receiving orders and planning 2027 deliveries. Q: What is Nova's view on process control intensity recovering into 2027, and do you have levers to outgrow process control growth next year?A: Gabby Weisman, President and CEO, explained that process control intensity varies by end market, with logic being higher than memory, while advanced packaging is rapidly growing. He emphasized that structural drivers like increasing complexity in architectures and materials remain in place. The most important indicators are customer adoption, market share gains, and technology wins, where Nova continues to see strength, keeping the long-term growth drivers firmly intact. Q: How is hybrid bonding impacting your SAM, and what is the update on advanced packaging growth for this year?A: Gabby Weisman, President and CEO, confirmed that advanced packaging is nearing 25% of product revenue in Q2, evolving from essentially zero several years ago into a meaningful growth contributor. He views advanced packaging as a multi-year structural growth opportunity spanning optical, chemical, and materials metrology. Technologies like chiplets, hybrid bonding, and panel-level packaging are increasing the number and criticality of measurements, and hybrid bonding is seen as an additional layer that will accelerate this growth. Q: Can you provide more detail on the DRAM versus NAND outlook for the second half, and any changes in memory demand entering the first half of 2027?A: Gabby Weisman, President and CEO, stated that the majority of Nova's memory exposure is DRAM, while NAND is currently muted due to growth driven by upgrades rather than capacity expansion. He noted that technology transitions like 4x square, 6x square advanced DRAM architectures, and eventually 3D DRAM will increase process complexity and metrology requirements. Nova sells to all top NAND players and expects to benefit once capacity investments return, potentially sometime next year. Q: What drove the gross margin being slightly below guidance, and what is the outlook?A: Guy Kiesner, CFO, explained that the main reason was product mix, with estimates fluctuating plus or minus 1% each quarter. The Q2 gross margin of 58% is healthy and within the target model. He noted that the first half of 2026 gross margin was approximately 59%, the Q3 outlook is 59%, and the full year is expected to be approximately 59%, reflecting normal business dynamics. Q: How does a greenfield project like TerraFab compare to more typical brownfield expansion in terms of metrology intensity?A: Gabby Weisman, President and CEO, declined to comment on specific customers but provided a general answer on greenfield operations. He stated that Nova sees higher metrology intensity during the initial stages of greenfield fabs due to the need to improve time-to-market and achieve yield thresholds required for new operations. This is a general trend observed in past greenfield projects, such as Rapidus. Q: Can you provide an update on where Metreon and Ellipson sit on the adoption curve exiting Q2?A: Gabby Weisman, President and CEO, confirmed continued demand for Metreon across both logic and memory customers, with increasing utilization and qualifications. Both Metreon and Ellipson have moved into high-volume manufacturing proliferation. The current effort is focused on increasing tool utilization, introducing new applications, and gaining adoption by more customers to replicate the successful model seen with the XPS platform, which is also seeing increased adoption in advanced logic nodes. Q: What is the split between Logic/Foundry and Memory, and what are the puts and takes behind the sequential changes?A: Gabby Weisman, President and CEO, explained that the Q2 split was 73% logic/foundry and 27% memory. He projected memory to be about 30% for the full year. While intensity and growth on advanced logic nodes are higher, Nova sees strong demand from DRAM but somewhat muted demand from NAND this year. The long-term model calls for a 60/40 split in favor of logic, but both segments are expected to grow. Q: Can you discuss the impact of higher component costs, particularly memory, on gross margins and your pricing strategy?A: Guy Kiesner, CFO, acknowledged some impact on BOM costs related to memory, but noted that the memory portion of the BOM is not significant, so there is no major change to the gross margin profile. Gabby Weisman, President and CEO, added that Nova balances pricing to support both BOM/COGS and customer expectations, maintaining the gross margin model of 57% to 60% through this year and beyond. Q: How do current lead times compare to the past three months, and have they changed?A: Gabby Weisman, President and CEO, stated that despite a stretched supply chain, Nova is managing production to maintain lead times, which he considers best-in-class. Lead times vary by product line, ranging from four to 12 months at the latest. The company is making tremendous efforts to maintain lead times for customers despite incremental demand. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

REHOVOT, Israel, Aug. 6, 2026 /PRNewswire/ -- Nova (Nasdaq: NVMI) today announced financial results for the second quarter, the three-month period ended June 30, 2026. Second Quarter 2026 Highlights: Record quarterly revenue of $255.0 million, 8% increase QoQ, and up 16% YoY. Record GAAP net income of $75.0 million, or $2.20 per diluted share, 8% increase QoQ, and up 3% YoY. Record non-GAAP net income of $86.5 million, or $2.51 per diluted share, 8% increase QoQ, and up 14% YoY. Record revenue from Advanced logic devices, driven by transition to Gate-All-Around and demand for advanced nodes Record revenue of Advanced Packaging solutions, driven by capacity increases across logic and memory manufacturing GAAP Results (K) Non-GAAP Results (K) A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. See also "Use of Non-GAAP Adjusted Financial Measures" section. Management Comments "This quarter marks a significant milestone for Nova, surpassing $250 million in quarterly revenue and $2.50 in quarterly non-GAAP EPS, reflecting the run-rate envisioned in our long-term strategic plan," said Gaby Waisman, President and CEO. "We delivered record sales across several of our product lines, including our front-end chemical metrology solution and our Sentronics dimensional metrology solutions for advanced packaging. These results were supported by broad-based customer demand, continued market share gains, and deeper customer engagement across leading-edge device segments. As a result, we enter the coming quarters with increased visibility, a robust opportunity pipeline, and confidence in our ability to deliver another year of profitable growth". 2026 Third Quarter Financial Outlook Management provided an outlook for the third quarter, the period ending September 30, 2026. Based on current estimates, management expects: $277 million to $287 million in revenue $2.46 to $2.61 in diluted GAAP EPS $2.70 to $2.85 in diluted non-GAAP EPS 2026 Second Quarter Results Total revenues for the second quarter of 2026 were $255.0 million, an increase of 8% compared with the first quarter of 2026 and an increase of 16% compared with the second quarter of 2025. Gross margin in the second quarter of 2026 was 56.5%, compared with 57.7%, in the first quarter of 2026 and 57.8% in the second quarter of 2025. Operating expenses in the second quarter of 2026 were $68.0 million, compared with $64.9 million in the first quarter of 2026 and $61.6 million in the second quarter of 2025. On a GAAP basis, the Company reported net income of $75.0 million, or $2.20 per diluted share, in the second quarter of 2026. This is compared with net income of $69.3 million, or $2.04 per diluted share, in the first quarter of 2026, and $68.3 million, or 2.14 per diluted share, in the second quarter of 2025. On a non-GAAP basis, the Company reported net income of $86.5 million, or $2.51 per diluted share, in the second quarter of 2026. This is compared with net income of $ 80.3 million, or $2.33 per diluted share, in the first quarter of 2026, and $70.4 million, or $2.20 per diluted share, in the second quarter of 2025. Conference Call Information Nova will host a conference call today, August 06, 2026, at 8:30 a.m. Eastern Time, to discuss the Company's second quarter of 2026 financial results and outlook. To attend the conference call, please dial one of the following teleconference numbers. Please begin by placing your calls five minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number. U.S. TOLL-FREE Dial-in Number: 1-833-816-1427ISRAEL TOLL-FREE Dial-in Number: 1-809-213-284INTERNATIONAL Dial-in Number: 1-412-317-0519 At:8:30 a.m. Eastern Time5:30 a.m. Pacific Time The conference call will also be webcast live from a Link on Nova's website at https://www.novami.com/investors/events/. A replay of the conference call will be available from August 6, 2026, at 11:30 a.m. Eastern Time until August 13, 2026. To access the replay, please dial one of the following numbers: Replay Dial-in U.S. TOLL-FREE: 1-855-669-9658Replay Dial-in INTERNATIONAL: 1-412-317-0088Replay Pin Number: 2662167 A replay will also be available for 90 days on Nova's website link at https://www.novami.com/investors/events/. About Nova Nova is a leading innovator and key provider of material, optical and chemical metrology solutions for advanced 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. Use of Non-GAAP Adjusted Financial Measures This press release provides financial measures that exclude amortization of acquired intangible assets, inventory step-up, stock-based compensation expenses, acquisition related expenses, revaluation of operating lease liabilities and remeasurement of intercompany loans, amortization of debt issuance costs, discrete tax reserve release, net and tax effect of non-GAAP adjustment, as applicable, and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding Nova's performance because they reflect our operational results and enhance management's and investors' ability to evaluate Nova's performance before charges or benefits considered by management to be outside Nova's ongoing operating results. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management believes that it is in the best interest of its investors to provide financial information that will facilitate comparison of both historical and future results and allow greater transparency to supplemental information used by management in its financial and operational decision making. A reconciliation of each GAAP to non-GAAP financial measure discussed in this press release is contained in the accompanying financial tables. 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; 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; risks related to the use of artificial intelligence technologies; challenges related to implementing 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 certain parties in the region; risks related to our convertible senior notes and capped call transactions; currency fluctuations and quarterly fluctuations in our operating results; and risks related to additional costs and expenses if there is a change in our status as a foreign private issuer. 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, 2025, filed with the Securities and Exchange Commission on February 17, 2026. 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. (Tables to Follow) Company Contact:Guy Kizner, Chief Financial OfficerTel: +972-73-229-5760E-mail - [email protected] Nova website link - https://www.novami.com/ Investor Relations Contact:Miri Segal MS-IR LLCE-mail - [email protected] Logo - https://mma.prnewswire.com/media/1446151/Nova_Logo.jpg View original content:https://www.prnewswire.com/news-releases/nova-reports-record-second-quarter-2026-financial-results-302844852.html

Nova Ltd. (NVMI) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $2.41 per share. This compares to earnings of $2.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.15%. A quarter ago, it was expected that this maker of monitoring systems used in chip manufacturing would post earnings of $2.2 per share when it actually produced earnings of $2.33, delivering a surprise of +5.91%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Nova Ltd., which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $254.96 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.87%. This compares to year-ago revenues of $219.99 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Nova Ltd. shares have added about 22.5% since the beginning of the year versus the S&P 500's gain of 12.8%. While Nova Ltd. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Nova Ltd. was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.58 on $275.5 million in revenues for the coming quarter and $10.23 on $1.06 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, QuickLogic (QUIK), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11. This maker of chips for mobile and portable electronics manufacturers is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +55.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. QuickLogic's revenues are expected to be $6 million, up 62.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nova Ltd. (NVMI) : Free Stock Analysis Report QuickLogic Corporation (QUIK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Conference call to be held on the same day at 8:30 a.m. Eastern Time REHOVOT, Israel, July 6, 2026 /PRNewswire/ -- Nova (NASDAQ: NVMI), a leading innovator and a key provider of advanced metrology and process control solutions used in semiconductor manufacturing, today announced that it expects to release its financial results for the second quarter of 2026 before the Nasdaq market opens on Thursday, August 6, 2026. Q2 2026 Conference Call Details: Gaby Waisman, President and Chief Executive Officer, and Guy Kizner, Chief Financial Officer, will host a conference call to review the Company's second quarter 2026 financial results on August 6, 2026, at 8:30 a.m. Eastern Time. To attend the conference call, please dial one of the following numbers at least five minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number. U.S. TOLL-FREE: 1-833-816-1427ISRAEL TOLL-FREE: 1-80-9213284INTERNATIONAL: 1-412-317-0519WEBCAST LINK: https://event.choruscall.com/mediaframe/webcast.html?webcastid=iIDE2Wy7 At:8:30 a.m. Eastern Time5:30 a.m. Pacific Time The conference call will also be available via a live webcast from a link on Nova's Investor Relations website - https://www.novami.com/investors/events/. A replay of the conference call will be available from August 6, 2026, to August 13, 2026. To access the replay, please dial one of the following numbers: Replay TOLL-FREE: 1-855-669-9658Replay TOLL/INTERNATIONAL: 1-412-317-0088Replay Pin Number: 2662167 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; 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; risks related to the use of artificial intelligence technologies; challenges related to implementing 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 certain parties in the region; risks related to our convertible senior notes and capped call transactions; currency fluctuations and quarterly fluctuations in our operating results; and risks related to additional costs and expenses if there is a change in our status as a foreign private issuer. 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, 2025, filed with the Securities and Exchange Commission on February 17, 2026. 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. Company Contact:Guy Kizner, Chief Financial OfficerTel: +972-73-229-5760E-mail - [email protected] Nova website link - https://www.novami.com/ Investor Relations Contact:Miri Segal MS-IR LLCE-mail - [email protected] Logo: https://mma.prnewswire.com/media/1446151/Nova_Logo.jpg View original content:https://www.prnewswire.com/news-releases/nova-to-report-second-quarter-2026-financial-results-on-august-6-302818188.html

The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how semiconductor manufacturing stocks fared in Q1, starting with Nova (NASDAQ:NVMI). The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment. The 14 semiconductor manufacturing stocks we track reported a very strong Q1. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was 0.5% below. Luckily, semiconductor manufacturing stocks have performed well with share prices up 13.2% on average since the latest earnings results. Headquartered in Israel, Nova (NASDAQ:NVMI) is a provider of quality control systems used in semiconductor manufacturing. Nova reported revenues of $235.3 million, up 10.3% year on year. This print exceeded analysts’ expectations by 3.5%. Overall, it was an exceptional quarter for the company with an impressive beat of analysts’ operating income estimates and a significant improvement in its inventory levels. "This was a record quarter for Nova across every dimension," said Gaby Waisman, President and CEO. Interestingly, the stock is up 9.6% since reporting and currently trades at $551.90. We think Nova is a good business, but is it a buy today? Read our full report here, it’s free. Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices Kulicke and Soffa reported revenues of $242.6 million, up 49.8% year on year, outperforming analysts’ expectations by 5.5%. The business had a stunning quarter with a beat of analysts’ EPS and operating income estimates. The market seems happy with the results as the stock is up 26.5% since reporting. It currently trades at $118.65. Is now the time to buy Kulicke and Soffa? Access our full analysis of the earnings results here, it’s free. Sporting a global footprint of facilities, Photronics (NASDAQ:PLAB) is a manufacturer of photomasks, templates used to transfer patterns onto semiconductor wafers. Photronics reported revenues of $209.9 million, flat year on year, falling short of analysts’ expectations by 2.8%. It was a disappointing quarter as it posted revenue guidance for next quarter missing analysts’ expectations and a significant miss of analysts’ revenue estimates. Photronics delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 42.9% since the results and currently trades at $30.55. Read our full analysis of Photronics’s results here. A public company since the late 1960s, Semtech (NASDAQ:SMTC) is a provider of analog and mixed-signal semiconductors used for Internet of Things systems and cloud connectivity. Semtech reported revenues of $291 million, up 15.9% year on year. This result beat analysts’ expectations by 2.6%. It was a stunning quarter as it also logged a significant improvement in its inventory levels and a beat of analysts’ EPS estimates. The stock is down 1.2% since reporting and currently trades at $162.50. Read our full, actionable report on Semtech here, it’s free. Both a designer and manufacturer of its products, IPG Photonics (NASDAQ:IPGP) is a provider of high-performance fiber lasers used for cutting, welding, and processing raw materials. IPG Photonics reported revenues of $265.5 million, up 16.6% year on year. This number surpassed analysts’ expectations by 2.7%. More broadly, it was a mixed quarter as it also recorded an impressive beat of analysts’ operating income estimates but a significant miss of analysts’ EPS estimates. The stock is down 5.6% since reporting and currently trades at $115.50. Read our full, actionable report on IPG Photonics here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.