Nova Reports Record $287.8 Million Quarterly Revenue

Nova reported record third-quarter revenue of $287.8 million on November 5, alongside net income of $90 million. Revenue at the Rehovot-based semiconductor measurement company rose 28% from the corresponding quarter of 2025 and 13% from the second quarter of 2026. Net income increased 46.5% from a year earlier. Operating profit reached $92.8 million, up 45.4% year on year. Gross margin was 57.7%, compared with 56.7% in the corresponding quarter. Adjusted diluted earnings per share were $2.86, against $2.16 a year earlier. These adjusted earnings figures are a separate measure from the company's reported net income. Operating cash flow rose to $138.1 million from $71.3 million a year earlier. The company reported record revenue from advanced packaging and memory applications, with demand linked to advanced logic and high-bandwidth memory. Chief executive Gaby Waisman described record revenue and profitability and improved visibility into customers' investment plans. For the fourth quarter, Nova projected revenue of $305 million to $315 million and adjusted diluted earnings of $3.03 to $3.18 per share. Those ranges are company guidance rather than completed results. Nova develops measurement and process-control systems for semiconductor manufacturers and is listed on Nasdaq and the Tel Aviv Stock Exchange under NVMI. Its earlier results notice scheduled a November 5 earnings call with Waisman and chief financial officer Guy Kizner.