Nova Beats Q2 Estimates, Guides Q3 Revenue Up to $287M
NVMI sits 67% above its 52-week low of $232.725.
Summary
Nova delivered a clean beat-and-raise quarter. Q2 revenue hit $255M, topping the $250M consensus, while adjusted EPS of $2.51 sailed past the $2.41 estimate. The beat was driven by record revenue from advanced logic and packaging, fueled by the Gate-All-Around transition and capacity expansions. Q3 guidance calls for revenue of $277M-$287M and non-GAAP EPS of $2.70-$2.85, both above where the Street was likely modeling. This follows the July announcement that Nova's WMC platform was selected as tool-of-record by a leading foundry, reinforcing the advanced-packaging momentum. With shares trading at 34x forward earnings—down from 45x three months ago—the results and outlook support the bull case that AI-driven metrology demand is accelerating.
At the time of this announcement, NVMI was trading at $389.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $12.8B. The 52-week trading range was $232.73 to $615.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.