The beat-and-raise quarter confirms strong execution in advanced logic and packaging. Monitor the Q3 earnings call for gross margin trajectory and any update on the convertible note reclassification. The stock may gap up on the record results and raised guidance.
Price Chart
Executive Summary
Nova reported record Q2 2026 results with revenue of $255.0M (+16% YoY) and non-GAAP EPS of $2.51 (+14% YoY), both above consensus. Q3 guidance of $277-287M revenue and $2.70-2.85 non-GAAP EPS implies continued sequential growth. Gross margin contracted to 56.5% from 57.8% YoY, a modest headwind, but the overall beat-and-raise quarter confirms strong demand from advanced logic and packaging transitions.
Key Facts
- Record quarterly revenue of $255.0M, up 16% YoY and 8% QoQ.
- Record GAAP net income of $75.0M ($2.20 diluted EPS), up 3% YoY.
- Record non-GAAP net income of $86.5M ($2.51 diluted EPS), up 14% YoY.
- Q3 2026 guidance: revenue $277-287M, GAAP EPS $2.46-2.61, non-GAAP EPS $2.70-2.85.
- Gross margin declined to 56.5% from 57.8% YoY; non-GAAP gross margin was 58% vs 60% YoY.
- Record revenue from Advanced logic devices and Advanced Packaging solutions.
Financial Impact
Record quarterly revenue of $255.0M (+16% YoY) and non-GAAP EPS of $2.51 (+14% YoY). Q3 guidance midpoint implies ~10% sequential revenue growth.
Risk Factors
- Gross margin contraction (56.5% vs 57.8% YoY) could pressure profitability if revenue mix shifts.
- Convertible senior notes reclassified to current liabilities ($733.6M due within 12 months) adds refinancing risk.
- Geopolitical risks from Israel operations and export restrictions to China.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-003892 |
| Document: 0001178913-26-003892-index-headers.html | 0001178913-26-003892 |
| Document: 0001178913-26-003892-index.html | 0001178913-26-003892 |
| Document: 0001178913-26-003892.txt | 0001178913-26-003892 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 6-K | $329.44 $310.13 | ▼ −5.86% | ▼ −4.85% | $327.60 (−0.56%) |
Oct 15, 2026 12d ago | Press Release | $329.44 $310.13 | ▼ −5.86% | ▼ −4.85% | $327.60 (−0.56%) |
Sep 16, 2026 5w ago | SC 13G | $339.25 $365.73 | ▲ +7.81% | ▲ +5.98% | $327.60 (−3.43%) |
Sep 2, 2026 7w ago | 6-K | $349.60 $366.03 | ▲ +4.70% | ▲ +5.66% | $327.60 (−6.29%) |
Aug 11, 2026 11w ago | 6-K | $395.95 $390.96 | ▼ −1.26% | ▼ −0.86% | $327.60 (−17.26%) |
Aug 6, 2026 11w ago | 6-K | $381.32 $411.50 | ▲ +7.91% | ▲ +6.70% | $327.60 (−14.09%) |
Jul 6, 2026 16w ago | 6-K | $466.63 $475.90 | ▲ +1.99% | ▲ +1.50% | $327.60 (−29.79%) |
Jul 2, 2026 16w ago | 6-K | $470.14 $473.99 | ▲ +0.82% | ▼ −0.11% | $327.60 (−30.32%) |
Jun 25, 2026 17w ago | Insider Cluster | $534.24 $502.60 | ▼ −5.92% | ▼ −7.48% | $327.60 (−38.68%) |
Jun 22, 2026 18w ago | 6-K | $583.10 $520.39 | ▼ −10.75% | ▼ −10.30% | $327.60 (−43.82%) |
US Market Status
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