The record results and above-consensus guidance confirm strong execution in semiconductor metrology, driven by DRAM and advanced logic demand. The stock is likely to gap up. Monitor the conference call for commentary on China exposure and sustainability of memory cycle. With $1.1B in cash and securities, M&A optionality is a tailwind.
Price Chart
Executive Summary
Nova reported record Q1 2026 results, with revenue of $235.3M (+10% YoY), GAAP EPS of $2.04, and non-GAAP EPS of $2.33, all exceeding guidance. Management guided Q2 2026 revenue of $245-255M and non-GAAP EPS of $2.34-2.48, implying continued sequential growth. The strong beat and raised guidance reflect robust demand across memory and logic metrology.
Key Facts
- Record Q1 2026 revenue of $235.3M, up 10% YoY and 6% QoQ, above guidance
- Record GAAP net income of $69.3M ($2.04 diluted EPS), up 7% YoY
- Record non-GAAP net income of $80.3M ($2.33 diluted EPS), up 15% YoY
- Q2 2026 guidance: revenue $245-255M, GAAP EPS $2.10-2.24, non-GAAP EPS $2.34-2.48
- Record memory device revenue and record sales of Nova Metrion and AncoScene platforms
- Gross margin stable at 57.7% GAAP (59% non-GAAP), operating margin expanded to 30% GAAP (34% non-GAAP)
- Cash and equivalents surged to $421.8M from $214.5M at year-end 2025
Financial Impact
Revenue beat by ~$10M vs guidance midpoint; non-GAAP EPS beat by ~$0.10 vs consensus; Q2 guidance midpoint of $250M implies 6% sequential growth
Risk Factors
- Semiconductor cycle downturn could slow order momentum
- Geopolitical risks from Israel operations and China exposure
- Convertible notes ($732.6M current portion) may create dilution overhang
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-002666 |
| Document: 0001178913-26-002666-index-headers.html | 0001178913-26-002666 |
| Document: 0001178913-26-002666-index.html | 0001178913-26-002666 |
| Document: 0001178913-26-002666.txt | 0001178913-26-002666 |
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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