Question · Q4 2025
Charles Shee asked about the expected trends for Nova's China revenue in 2026, specifically if a second-half pickup is anticipated and if the company can sustain growth similar to the previous year's 11%. He also inquired if rising memory prices are creating any pressure on Nova's gross margin.
Answer
Gaby Waisman, President and CEO, stated that China's revenue normalized to 33% in 2025 from 39% in 2024 and is expected to stabilize around 30% in 2026, with steady investments. She noted that increased investment in advanced nodes would naturally reduce China's proportional share. Regarding memory prices, she clarified that Nova does not see a correlation between memory pricing and its gross margin.
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