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    Nova Reports Record Fourth Quarter and Full Year 2024 Results

    2/13/25 7:30:00 AM ET
    $NVMI
    Electronic Components
    Technology
    Get the next $NVMI alert in real time by email

    REHOVOT, Israel, Feb. 13, 2025 /PRNewswire/ -- Nova (NASDAQ:NVMI) today announced financial results for the fourth quarter and full year ended December 31, 2024.

    Nova Logo

    Fourth Quarter 2024 Highlights:

    • Record Quarterly revenue of $194.8 million, a 9% QoQ increase, exceeding the Company guidance and up 45% YoY.
    • GAAP net income of $50.5 million, or $1.58 per diluted share, up 32% YoY.
    • Record non-GAAP net income of $62.3 million, or $1.94 per diluted share, exceeding the Company guidance, and up 43% YoY.
    • Record sales of materials metrology, driven by sales of Nova Metrion and Nova Veraflex platforms
    • Record sales for dimensional metrology stand-alone solutions, driven by demand for unique capabilities in advanced packaging and GAA manufacturing.

    Full Year 2024 Highlights:

    • Record annual revenue of $672.4 million up 30% YoY
    • Record GAAP net income of $183.8 million, or $5.75 per diluted share up 34% YoY
    • Record Non-GAAP net income of $214.9 million, or $6.69 per diluted share up 38% YoY
    • Record sales for advanced packaging processes, more than doubling revenues from the segment
    • Record sales of materials metrology, driven by growing adoption of the Company's solutions across market segments

    GAAP Results (K)



    Q4 2024

    Q3 2024

    Q4 2023

    FY 2024

    FY 2023

    Revenues

    $194,766

    $178,974

    $134,219

    $672,396

    $517,922

    Net Income

    $50,481

    $51,279

    $38,068

    $183,762

    $136,310

    Earnings per Diluted Share

    $1.58

    $1.60

    $1.20

    $5.75

    $4.28

    Non-GAAP Results (K)



    Q4 2024

    Q3 2024

    Q4 2023

    FY 2024

    FY 2023

    Net Income

    $62,302

    $56,056

    $43,597

    $214,926

    $155,891

    Earnings per Diluted Share

    $1.94

    $1.74

    $1.36

    $6.69

    $4.86



    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

    "Nova continues to outperform the market, with quarterly and annual sales records which exceeded the high end of the guidance in both revenue and profitability," said Gaby Waisman, President and CEO. "As we reflect on the past year, we count multiple achievements across our product lines, including strategic penetrations into leading manufacturers, an evolving position in new segments, and a growing market share. All of these, combined with Nova's long-term strategy for perpetual growth, set the stage for our continued growth in 2025."

    2025 First Quarter Financial Outlook

    Management provided an outlook for the first quarter, the period ending March 31, 2025. Based on current estimates, management expects:

    • $205 million to $215 million in revenue
    • $1.75 to $1.91 in diluted GAAP EPS
    • $2.00 to $2.16 in diluted non-GAAP EPS

    2024 Fourth Quarter Results

    Total revenues for the fourth quarter of 2024 were $194.8 million, an increase of 9% compared with the third quarter of 2024 and an increase of 45% compared with the fourth quarter of 2023.

    Gross margin in the fourth quarter of 2024 was 56.4%, compared with 56.6% in the third quarter of 2024 and 55.1% in the fourth quarter of 2023.

    Operating expenses in the fourth quarter of 2024 were $54.5 million, compared with $52.1 million in the third quarter of 2024 and $40.4 million in the fourth quarter of 2023.

    On a GAAP basis, the Company reported net income of $50.5 million, or $1.58 per diluted share, in the fourth quarter of 2024. This is compared with net income of $51.3 million, or $1.60 per diluted share, in the third quarter of 2024, and $38.1 million, or $1.20 per diluted share, in the fourth quarter of 2023.

    On a non-GAAP basis, the Company reported net income of $ 62.3 million, or $1.94 per diluted share, in the fourth quarter of 2024. This is compared with net income of $ 56.1 million, or $1.74 per diluted share, in the third quarter of 2024, and $43.6 million, or $1.36 per diluted share, in the fourth quarter of 2023.

    2024 Full Year Results

    Total revenues for 2024 were $672.4 million, an increase of 30% compared to total revenues of $517.9 million for 2023.

    Gross margin in 2024 was 57.6%, compared with 56.6% in 2023.

    Operating expenses in 2024 were $199.5 million, compared with operating expenses of $160.9 million in 2023.

    On a GAAP basis, the Company reported net income of $183.7 million, or $5.75 per diluted share, in 2024. This is compared with a net income of $136.3 million, or $4.28 per diluted share, in 2023.

    On a non-GAAP basis, the Company reported net income of $214.9 million, or $6.69 per diluted share, in 2024. This is compared with net income of $155.9 million, or $4.86 per diluted share, in 2023.

    Conference Call Information

    Nova will host a conference call today, February 13, 2025, at 8:30 a.m. Eastern Time, to discuss the Company's fourth quarter 2024 financial results and outlook. To attend the conference call, please dial one of the following teleconferencing 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: 1-833-816-1427

    ISRAEL TOLL-FREE    Dial-in Number: 1-809-213-284

    INTERNATIONAL Dial-in Number: 1-412-317-0519

    At:

    8:30 a.m. Eastern Time

    5:30 a.m. Pacific Time

    3:30 p.m. Israel 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 February 13, 2025, at 11:30 a.m. Eastern Time until August 15, 2025, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:

    Replay Dial-in U.S. TOLL-FREE: 1-877-344-7529

    Replay Dial-in INTERNATIONAL: 1-412-317-0088

    Replay Pin Number: 8533745

    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, stock-based compensation expenses, acquisition related expenses, revaluation of operating lease liabilities and remeasurement of intercompany loans, amortization of issuance costs 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:  increased information technology security threats and sophisticated computer crime; 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; indirect effects of the Russia – Ukraine conflict; 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, including risks related to artificial intelligence; 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 related to the war against Hamas and other terrorist organizations; risks related to our convertible notes; currency fluctuations; and quarterly fluctuations in our operating results. 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, 2023, filed with the Securities and Exchange Commission on February 20, 2024. 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)

      

    NOVA LTD. 

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (U.S. dollars in thousands) - (Unaudited)





    As of December 31,

    ASSETS

    2024



    2023

    Current assets







    Cash and cash equivalents

    157,779



    107,574

    Short-term interest-bearing bank deposits

    211,877



    119,850

    Marketable securities

    216,910



    216,258

    Trade accounts receivable, net

    139,318



    111,256

    Inventories

    156,599



    138,198

    Other current assets

    19,466



    17,084

    Total current assets

    901,949



    710,220

    Non-current assets







    Marketable securities

    225,818



    191,351

    Interest-bearing bank deposits and restricted deposits

    7,847



    6,254

    Deferred tax assets

    31,639



    23,583

    Operating lease right-of-use assets

    51,193



    41,856

    Property plant and equipment, net

    81,746



    66,874

    Intangible assets, net

    31,458



    39,184

    Goodwill

    48,317



    50,080

    Other long-term assets

    10,455



    4,405

    Total non-current assets

    488,473



    423,587

    Total assets

    1,390,422



    1,133,807

    LIABILITIES AND SHAREHOLDERS' EQUITY







    Current liabilities







       Convertible senior notes, net

    180,564



    197,678

    Trade accounts payable

    59,578



    35,158

    Deferred revenues

    72,886



    41,978

    Operating lease current liabilities

    7,169



    6,703

    Other current liabilities

    68,033



    41,294

    Total current liabilities

    388,230



    322,811

    Non-current liabilities







    Operating lease long-term liabilities

    48,363



    39,762

    Long-term deferred tax liability

    8,495



    10,574

    Other long-term liabilities

    17,539



    9,908

    Total non-current liabilities

    74,397



    60,244

    Shareholders' equity

    927,795



    750,752

    Total liabilities and shareholders' equity 

    1,390,422



    1,133,807

     

     

    NOVA LTD.

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (U.S. dollars in thousands, except per share data) - (Unaudited)





    Three months ended

    December 31,



    Year ended

    December 31,



    2024



    2023



    2024





    2023

    Revenues:

















    Products

    158,546



    104,108



    538,350





    405,037

    Services

    36,220



    30,111



    134,046





    112,885

    Total revenues

    194,766



    134,219



    672,396





    517,922

    Total cost of revenues

    84,835



    60,207



    285,310





    224,745

    Gross profit

    109,931



    74,012



    387,086





    293,177

    Operating expenses:

















    Research and development, net

    30,909



    21,290



    110,257





    88,043

    Sales and marketing

    15,980



    13,580



    65,090





    52,467

    General and administrative

    7,571



    5,480



    24,199





    20,404

    Total operating expenses

    54,460



    40,350



    199,546





    160,914

    Operating income

    55,471



    33,662



    187,540





    132,263

    Financing income, net

    3,756



    7,283



    28,747





    22,436

    Income before taxes on income

    59,227



    40,945



    216,287





    154,699

    Income tax expenses

    8,746



    2,877



    32,525





    18,389

    Net income for the period

    50,481



    38,068



    183,762





    136,310



















    Earnings per share:

















    Basic

    1.72



    1.31



    6.31





    4.73

    Diluted

    1.58



    1.20



    5.75





    4.28



















    Shares used in calculation of earnings per share

     (in thousands):

















    Basic

    29,304



    28,975



    29,113





    28,828

    Diluted

    32,062



    32,023



    32,138





    32,089

     

     



    NOVA LTD.

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (U.S. dollars in thousands) - (Unaudited)





    Three months ended

    December 31,

    Year ended

    December 31,



    2024





    2023



    2024



    2023

    Cash flows from operating activities:

















    Net income

    50,481





    38,068



    183,762



    136,310

    Adjustments to reconcile net income to net cash provided by operating activities:

















         Depreciation of property and equipment

    3,029





    2,756



    11,736



    10,344

         Amortization of intangible assets

    1,267





    1,461



    5,643



    5,857

         Amortization of premium and accretion of discount on marketable securities, net

    (1,820)





    (1,134)



    (7,178)



    (3,001)

         Amortization of debt issuance costs

    310





    324



    1,280



    1,284

         Share-based compensation

    6,349





    5,654



    25,209



    18,286

         Net effect of exchange rate fluctuation

    4,109





    (2,591)



    3,025



    1,754

    Changes in assets and liabilities:

















         Trade accounts receivable, net

    (26,196)





    (18,606)



    (29,051)



    (1,183)

         Inventories

    876





    2,851



    (23,897)



    (26,000)

         Other current and long-term assets

    (4,097)





    (361)



    (9,671)



    (5,752)

         Deferred tax, net

    (4,849)





    (185)



    (9,722)



    (6,241)

         Operating lease right-of-use assets

    559





    259



    3,668



    3,050

         Trade accounts payable

    6,309





    8,917



    17,506



    (7,807)

         Deferred revenues

    19,494





    (292)



    34,553



    11,391

         Operating lease liabilities

    97





    2,091



    (3,938)



    (3,221)

         Other current and long-term liabilities

    12,686





    (9,671)



    32,299



    (11,352)

         Accrued severance pay, net

    (82)





    64



    42



    (188)

    Net cash provided by operating activities

    68,522





    29,605



    235,266



    123,531

    Cash flows from investment activities:

















    Change in short-term and long-term interest-bearing bank deposits

    (4,339)





    31,367



    (93,595)



    (29,658)

    Investment in marketable securities

    (60,175)





    (106,695)



    (271,987)



    (273,572)

    Proceeds from maturity of marketable securities

    57,421





    44,443



    246,397



    195,087

    Purchase of property and equipment

    (8,121)





    (7,601)



    (17,215)



    (17,188)

    Net cash used in investing activities

    (15,214)





    (38,486)



    (136,400)



    (125,331)

    Cash flows from financing activities:

















    Purchases of treasury shares

    (30,000)





    -



    (30,000)



    (112)

    Conversion of convertible senior notes

    (18,506)





    -



    (18,506)



    -

    Proceeds from exercise of options

    90





    -



    160



    122

    Net cash provided by financing activities

    (48,416)





    -



    (48,346)



    10

    Effect of exchange rate fluctuations on cash and cash equivalents

    (1,076)





    (25)



    (315)



    (2,357)

    Changes in cash and cash equivalents and restricted cash

    3,816





    (8,906)



    50,205



    (4,147)

    Cash and cash equivalents and restricted cash -beginning of period

    153,963





    116,480



    107,574



    111,721

    Cash and cash equivalents - end of period

    157,779





    107,574



    157,779



    107,574





















     

     

    NOVA LTD.

    RECONCILIATION OF GAAP TO NON-GAAP RESULTS

    (U.S. dollars in thousands, except percentage and per share data) - (Unaudited)





    Three months ended



    December 31,

    2024



    September 30,

    2024



    December 31,

    2023

    GAAP gross profit

    109,931



    101,333



    74,012

    Stock-based compensation*

    1,805



    1,722



    1,537

    Amortization of acquired intangible assets

    1,182



    1,380



    1,354

    Non-GAAP gross profit

    112,918



    104,435



    76,903

    GAAP gross margin as a percentage of revenues

    56 %



    57 %



    55 %

    Non-GAAP gross margin as a percentage of revenues

    58 %



    58 %



    57 %













    GAAP operating income

    55,471



    49,231



    33,662

    Stock-based compensation*

    6,349



    6,194



    5,654

    Acquisition related expenses

    917



    -



    -

    Amortization of acquired intangible assets

    1,267



    1,467



    1,461

    Non-GAAP operating income

    64,004



    56,892



    40,777

    GAAP operating margin as a percentage of revenues

    28 %



    28 %



    25 %

    Non-GAAP operating margin as a percentage of revenues

    33 %



    32 %



    30 %













    GAAP net income

    50,481



    51,279



    38,068

    Stock-based compensation*

    6,349



    6,194



    5,654

    Acquisition related expenses

    917



    -



    -

    Amortization of acquired intangible assets

    1,267



    1,467



    1,461

    Amortization of debt issuance costs

    310



    326



    324

    Revaluation of operating lease and intercompany loans

    4,706



    (2,309)



    (827)

    Tax effect of non-GAAP adjustments

    (1,728)



    (901)



    (1,083)

    Non-GAAP net income

    62,302



    56,056



    43,597













    GAAP basic earnings per share

    1.72



    1.76



    1.31

    Non-GAAP basic earnings per share

    2.13



    1.93



    1.50













    GAAP diluted earnings per share

    1.58



    1.60



    1.20

    Non-GAAP diluted earnings per share

    1.94



    1.74



    1.36













    Shares used for calculation of earnings per share

    (in thousands):











    Basic

    29,304



    29,099



    28,975

    Diluted

    32,062



    32,238



    32,023













    * Stock-based compensation for the three months ended December 31, 2024 included in - Cost of revenues - 1,805; Research and development, net - 2,747; Sales and marketing - 1,234; General and administrative - 563.

     

     

    NOVA LTD.

    RECONCILIATION OF GAAP TO NON-GAAP RESULTS

    (U.S. dollars in thousands, except percentage and per share data) - (Unaudited)





    Year ended December 31,



    2024



    2023

    GAAP gross profit

    387,086



    293,177

    Stock-based compensation*

    7,013



    4,946

    Acquisition-related inventory step-up

    5,284



    5,430

    Non-GAAP gross profit

    399,383



    303,553

    GAAP gross margin as a percentage of revenues

    58 %



    57 %

    Non-GAAP gross margin as a percentage of revenues

    59 %



    59 %









    GAAP operating income

    187,540



    132,263

    Stock-based compensation*

    25,209



    18,286

    Acquisition related expenses

    917



    -

    Amortization of acquired intangible assets

    5,643



    5,857

    Non-GAAP operating income

    219,309



    156,406

    GAAP operating margin as a percentage of revenues

    28 %



    26 %

    Non-GAAP operating margin as a percentage of revenues

    33 %



    30 %









    GAAP net income

    183,762



    136,310

    Stock-based compensation*

    25,209



    18,286

    Acquisition related expenses

    917



    -

    Amortization of acquired intangible assets

    5,643



    5,857

    Amortization of debt issuance costs

    1,280



    1,284

    Revaluation of operating lease liabilities

    3,221



    (1,994)

    Tax effect of non-GAAP adjustments

    (5,106)



    (3,852)

    Non-GAAP net income

    214,926



    155,891









    GAAP basic earnings per share

    6.31



    4.73

    Non-GAAP basic earnings per share

    7.38



    5.41









    GAAP diluted earnings per share

    5.75



    4.28

    Non-GAAP diluted earnings per share

    6.69



    4.86









    Shares used for calculation of earnings per share

    (in thousands):







    Basic

    29,113



    28,828

    Diluted

    32,138



    32,089



    * Stock-based compensation for the year ended December 31, 2024, included in - Cost of revenues – 7,013;

    Research and development, net – 11,179; Sales and marketing – 4,864; General and administrative - 2,153.

     

     

    NOVA LTD.

    SUPPLEMENTAL INFORMATION - RECONCILIATION OF FIRST QUARTER 2025

    GAAP TO NON-GAAP GUIDANCE

    (U.S. dollars) (Unaudited)





    Low



    High

    Estimated GAAP net income per diluted share

    1.75



    1.91

    Estimated non-GAAP items:







    Stock-based compensation

    0.19



    0.19

    Amortization of acquired intangible assets and inventory step-up

    0.07



    0.07

    Acquisition related expenses

    0.02



    0.02

    Amortization of issuance costs

    0.01



    0.01

    Tax effect of non-GAAP adjustments

    (0.04)



    (0.04)

    Estimated non-GAAP net income per diluted share

    2.00



    2.16

     

    Company Contact:

    Guy Kizner, Chief Financial Officer

    Tel: +972-73-229-5760

    E-mail - [email protected]

    Nova website link - https://www.novami.com/

    Investor Relations Contact:

    Miri Segal MS-IR LLC

    Tel: +917-607-8654

    E-mail - [email protected]

     

    Logo - https://mma.prnewswire.com/media/1446151/Nova_Logo.jpg

     

    Cision View original content:https://www.prnewswire.com/news-releases/nova-reports-record-fourth-quarter-and-full-year-2024-results-302375856.html

    SOURCE Nova

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    4/16/2024$210.00Outperform
    Evercore ISI
    6/14/2023Buy → Hold
    Needham
    4/21/2023$115.00Buy
    Jefferies
    2/25/2022$146.00 → $142.00Buy
    Citigroup
    More analyst ratings

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    Analyst Ratings

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    • Cantor Fitzgerald initiated coverage on Nova Measuring with a new price target

      Cantor Fitzgerald initiated coverage of Nova Measuring with a rating of Overweight and set a new price target of $275.00

      1/13/25 7:50:54 AM ET
      $NVMI
      Electronic Components
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    • Nova Measuring upgraded by Citigroup with a new price target

      Citigroup upgraded Nova Measuring from Neutral to Buy and set a new price target of $240.00 from $226.00 previously

      1/6/25 8:16:27 AM ET
      $NVMI
      Electronic Components
      Technology
    • Nova Measuring downgraded by Citigroup with a new price target

      Citigroup downgraded Nova Measuring from Buy to Neutral and set a new price target of $224.00 from $273.00 previously

      9/16/24 7:44:36 AM ET
      $NVMI
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    $NVMI
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    • Nova Reports Record First Quarter 2025 Financial Results

      REHOVOT, Israel, May 8, 2025 /PRNewswire/ -- Nova (NASDAQ:NVMI) today announced financial results for the first quarter, the three-month period ended March 31, 2025. First Quarter 2025 Highlights: Record Quarterly revenue of $213.4 million, a 10% QoQ increase up 50% YoY.Record GAAP net income of $64.8 million, or $2.03 per diluted share, exceeding the Company guidance, a 28% increase QoQ, and up 77% YoY.Record non-GAAP net income of $70.0 million, or $2.18 per diluted share, exceeding the Company guidance, a 12% increase QoQ, and up 56% YoY.Record sales of dimensional metrology, facilitated by record performance across Integrated, stand-alone, and software metrology solutions.Strong quarter

      5/8/25 7:30:00 AM ET
      $NVMI
      Electronic Components
      Technology
    • Nova to Report First Quarter 2025 Financial Results on May 8

      Conference call to be held on the same day at 8:30 a.m. Eastern Time REHOVOT, Israel, April 10, 2025 /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 first quarter of 2025 before the Nasdaq market opens on Thursday, May 8, 2025. Q1 2025 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 first quarter 2025 financial results on May 8, 2025, at 8:30 a.m. Eastern Time. To attend the conferen

      4/10/25 8:00:00 AM ET
      $NVMI
      Electronic Components
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    • Nova Reports Record Fourth Quarter and Full Year 2024 Results

      REHOVOT, Israel, Feb. 13, 2025 /PRNewswire/ -- Nova (NASDAQ:NVMI) today announced financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights: Record Quarterly revenue of $194.8 million, a 9% QoQ increase, exceeding the Company guidance and up 45% YoY.GAAP net income of $50.5 million, or $1.58 per diluted share, up 32% YoY.Record non-GAAP net income of $62.3 million, or $1.94 per diluted share, exceeding the Company guidance, and up 43% YoY.Record sales of materials metrology, driven by sales of Nova Metrion and Nova Veraflex platformsRecord sales for dimensional metrology stand-alone solutions, driven by demand for unique capabilities in a

      2/13/25 7:30:00 AM ET
      $NVMI
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    • Nova to Host Virtual Investor Day on March 13, 2025

      REHOVOT, Israel, Feb. 20, 2025 /PRNewswire/ -- Nova (Nasdaq: NVMI), a leading innovator and a key provider of metrology solutions for advanced process control used in semiconductor manufacturing, today announced that it will host a virtual Investor Day on Monday, March 13, 2025. The event will include presentations from The Company's executive team. Presentations are scheduled to begin at 12:00 p.m. EST / 6:00 p.m. IST (Israel) and the event will run to approximately 2:00 p.m. EST / 8:00 p.m. IST. Investors interested in attending the event in real time on March 13 are invited to register through this link - https://www.novami.com/investors-day-2025/  Registered participants will receive a

      2/20/25 8:30:00 AM ET
      $NVMI
      Electronic Components
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    • Nova Announces CFO Transition

      REHOVOT, Israel, April 8, 2024 /PRNewswire/ -- Nova (Nasdaq: NVMI), today announced the promotion of Mr. Guy Kizner to the position of Chief Financial Officer, effective July 1st, 2024. Joining the leadership team, Mr. Kizner will succeed Mr. Dror David, who joined Nova in 1998 and has served as Nova's CFO since 2005. Following years of dedicated service, Dror David will retire from the Company after he facilitates a smooth transition until July 1st, 2024. Guy Kizner's tenure with Nova began in 2010, and since then, he has showcased his expertise and proficiency in various financial roles within the Company, the latest of which as the Corporate VP of Finance. "I want to thank Dror David for

      4/8/24 4:15:00 PM ET
      $NVMI
      Electronic Components
      Technology
    • Yaniv Garty Joins Nova's Board of Directors

      REHOVOT, Israel, April 3, 2023 /PRNewswire/ -- Nova (NASDAQ:NVMI) today announced the appointment of Yaniv Garty to its Board of Directors effective April 2, 2023. Garty is a seasoned executive, with vast experience in the semiconductor and chip industry. For the past six years Garty served as a Vice President at Intel and as the General Manager of Intel Israel. Since its acquisition of Envara Inc. in 2004 and prior to his most recent position, Garty held multiple executive positions in various technology areas within Intel. Throughout his career, Garty has also held multiple engineering, business, and managerial positions in several technology companies. Additionally, Garty has served since

      4/3/23 7:00:00 AM ET
      $NVMI
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    • Nova to Participate in Upcoming Investor Conferences and Events

      REHOVOT, Israel, May 14, 2025 /PRNewswire/ -- Nova (NASDAQ: NVMI), a leading innovator and a key provider of metrology solutions for advanced process control used in semiconductor manufacturing, today announced that Guy Kizner, Chief Financial Officer will participate in the following investor conferences and events: Citi's Taiwan Technology Conference Format: In-person one-on-one meetingsWhen: Wednesday, May 21Location: Taipei, TaiwanCiti's 2025 Macro & Pan-Asia Investor ConferenceFormat: Virtual one-on-one meetingsWhen: Wednesday, May 28Citi's Silicon Valley Bus TourFormat: In-person investor bus tour at Nova's North American OfficesWhen: Monday, June 2Location: Fremont, CABank of America

      5/14/25 8:00:00 AM ET
      $NVMI
      Electronic Components
      Technology
    • Nova Reports Record First Quarter 2025 Financial Results

      REHOVOT, Israel, May 8, 2025 /PRNewswire/ -- Nova (NASDAQ:NVMI) today announced financial results for the first quarter, the three-month period ended March 31, 2025. First Quarter 2025 Highlights: Record Quarterly revenue of $213.4 million, a 10% QoQ increase up 50% YoY.Record GAAP net income of $64.8 million, or $2.03 per diluted share, exceeding the Company guidance, a 28% increase QoQ, and up 77% YoY.Record non-GAAP net income of $70.0 million, or $2.18 per diluted share, exceeding the Company guidance, a 12% increase QoQ, and up 56% YoY.Record sales of dimensional metrology, facilitated by record performance across Integrated, stand-alone, and software metrology solutions.Strong quarter

      5/8/25 7:30:00 AM ET
      $NVMI
      Electronic Components
      Technology
    • Nova Releases 2025 Sustainability Insight Report

      REHOVOT, Israel, April 28, 2025 /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 has published the Company's second Sustainability Insight Report. The Report provides details on the Company's sustainability strategy, vision, and goals and progress the Company has made since the 2022 Insight Review. The Report reflects the Nova's ongoing maturation in embedding principals of sustainability, governance and social responsibility into the operating model of the company, including announcing an updated set of goals that place greater emphasis on our key envir

      4/28/25 7:00:00 AM ET
      $NVMI
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    • Amendment: SEC Form SC 13G/A filed by Nova Ltd.

      SC 13G/A - NOVA LTD. (0001109345) (Subject)

      9/10/24 1:06:57 PM ET
      $NVMI
      Electronic Components
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    • SEC Form SC 13G/A filed by Nova Ltd. (Amendment)

      SC 13G/A - NOVA LTD. (0001109345) (Subject)

      6/10/24 9:48:22 AM ET
      $NVMI
      Electronic Components
      Technology
    • SEC Form SC 13G/A filed by Nova Ltd. (Amendment)

      SC 13G/A - NOVA LTD. (0001109345) (Subject)

      2/14/24 10:00:34 AM ET
      $NVMI
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    $NVMI
    SEC Filings

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    • SEC Form 144 filed by Nova Ltd.

      144 - NOVA LTD. (0001109345) (Subject)

      5/20/25 6:57:28 AM ET
      $NVMI
      Electronic Components
      Technology
    • SEC Form 6-K filed by Nova Ltd.

      6-K - NOVA LTD. (0001109345) (Filer)

      5/14/25 8:00:10 AM ET
      $NVMI
      Electronic Components
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    • SEC Form 6-K filed by Nova Ltd.

      6-K - NOVA LTD. (0001109345) (Filer)

      5/13/25 4:15:35 PM ET
      $NVMI
      Electronic Components
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