Nova Ltd. (NVMI) is a global leader in metrology solutions for advanced process control in semiconductor manufacturing. The company develops and sells high-precision hardware and software systems that measure critical parameters such as film thickness, material composition, and critical dimensions during semiconductor fabrication. Nova's innovative technologies, including optical, x-ray, and chemical metrology, enable semiconductor manufacturers to enhance quality, productivity, and profitability.
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Dimensional Metrology - Provides integrated and stand-alone platforms for advanced process control, measuring critical dimensions, topography, and thin films in semiconductor manufacturing. Integrated systems operate within the process environment, while stand-alone systems offer high precision and productivity using advanced modeling and machine learning solutions.
- Integrated Metrology (IM) - Delivers measurement solutions integrated directly with manufacturing equipment for real-time process control.
- Stand-Alone Metrology - Offers free-standing platforms for advanced measurements in logic, memory, and packaging technologies.
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Materials Metrology - Focuses on analyzing material properties using optical and x-ray technologies, supporting advanced semiconductor manufacturing processes. Key platforms include Nova Metrion and Nova Veraflex, which have driven record sales.
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Advanced Packaging - Targets advanced packaging processes such as flip-chip bump and 3D-SOC technologies, supporting the development of next-generation semiconductor devices.
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Services - Provides maintenance, support, and other services for the installed base of systems, driven by the growth of the company's global system installations.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Adrian S. Wilson Executive | President, U.S. Subsidiary & GM, Materials Metrology Division | None | Adrian Wilson joined Nova in January 2018. He has driven Nova's advancements in materials metrology and machine learning solutions. | |
Effi Aboody Executive | Corporate VP and GM, Dimensional Metrology Division | None | Effi Aboody joined Nova in 2016 and was promoted to Corporate VP in September 2019. He has extensive experience in yield management and process integration. | |
Gabriel Waisman Executive | President and CEO | None | Gabriel Waisman has over 23 years of managerial expertise in electronics and telecom sectors. He joined Nova in 2016 as Chief Business Officer and became CEO on March 31, 2023. | |
Guy Kizner Executive | Chief Financial Officer (CFO) | None | Guy Kizner joined Nova in 2010 and became CFO on July 1, 2024, succeeding Dror David. He played a pivotal role in establishing Nova's corporate and financial foundations. | |
Shay Wolfling Executive | Chief Technology Officer (CTO) | None | Shay Wolfling joined Nova in 2011 as CTO. He holds several patents and has driven Nova's technological advancements, including collaborations with Samsung. | |
Avi Cohen Board | Director | Executive Chairman of ZOOZ Power Ltd.; Director at Cognyte Software Ltd.; Board Member at Cortica Ltd., Sight Diagnostics, CGS Tower Networks Ltd.; Executive Chairman of XJet Ltd. | Avi Cohen has been a director at Nova since 2008. He served as interim chairperson from December 2022 to March 2023. | |
Eitan Oppenhaim Board | Executive Chairman of the Board | None | Eitan Oppenhaim joined Nova in 2010 and served as CEO from 2013 to 2023. He became Executive Chairman on March 31, 2023, overseeing leadership transitions and acquisitions. | |
Sarit Sagiv Board | Director | Member of Investments Committee of Phoenix Insurance; Director at OPC Energy Ltd. | Sarit Sagiv joined Nova's board in August 2021. She has held CFO roles at Nice Ltd., Retalix Ltd., and Amdocs. | |
Yaniv Garty Board | Director | Chairman of America-Israel Chamber of Commerce; Director at Strauss Group | Yaniv Garty joined Nova's board on April 2, 2023. He previously served as VP and GM of Intel Israel, leading Intel's largest operation outside the U.S.. | |
Zehava Simon Board | Director | Board Member at Audiocodes Ltd. and Nice Ltd. | Zehava Simon joined Nova's board in 2014. She is recognized as an audit committee financial expert and independent director under Nasdaq rules. |
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Given the Sentronics acquisition, can you provide specific details on the expected contributions to your revenue and margin profile for this year, and your target growth rates longer term?
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With 39% of your 2024 revenue coming from China , and peers seeing their China exposure decline, how do you anticipate the ongoing geopolitical tensions and export restrictions impacting your sales and growth in China in 2025?
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You mentioned a commitment to achieving $500 million in cumulative revenue from gate-all-around technologies by 2026 ; can you provide more color on your progress towards this target and how you plan to achieve such substantial growth in this area?
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Your Q1 guidance implies approximately 25% year-over-year growth in 2025 , while the WFE industry is expected to grow mid-single digits ; what gives you confidence in your ability to outperform the market significantly again this year?
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Some of your peers expect more muted services growth due to a slowdown in 200-millimeter equipment in China. Given your strong 19% services growth last year , what is your outlook for services growth in 2025, and how might the recent restrictions impact your services and system sales?
Research analysts who have asked questions during NOVA earnings calls.
Charles Shi
Needham & Company
6 questions for NVMI
Atif Malik
Citigroup Inc.
4 questions for NVMI
Ezra Weener
Jefferies LLC
4 questions for NVMI
Aatif Malik
Citi
2 questions for NVMI
Liam Pharr
Bank of America Securities
2 questions for NVMI
Mark Miller
The Benchmark Company LLC
2 questions for NVMI
Matthew Prisco
Cantor Fitzgerald
2 questions for NVMI
Vedvati Shrotre
Evercore ISI
2 questions for NVMI
Zayd Bhatti Schroeder
Evercore ISI
2 questions for NVMI
Duksan Jang
BofA Securities
1 question for NVMI
Ezra Weiner
Jefferies Financial Group Inc.
1 question for NVMI
Mark Lipacis
Evercore ISI
1 question for NVMI
Michael Mani
Bank of America
1 question for NVMI
Vivek Arya
Bank of America Corporation
1 question for NVMI
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Sentronics Metrology GmbH | 2025 | Nova’s acquisition was valued at approximately $60 million in an all-cash deal, expanding its wafer metrology portfolio with key capabilities in modular dimensional metrology (thickness, roughness, and topography) for backend semiconductor fabrication. The deal closed on January 30, 2025, and integrates Sentronics as a wholly owned subsidiary under Nova’s German operations, with expected non-GAAP earnings accretion within 12 months. |
ancosys GmbH | 2022 | Nova completed the acquisition of ancosys GmbH for approximately $90 million, including a $10 million performance-based earnout, in an all-cash deal. This strategic move expanded Nova’s total addressable market and added chemical analysis and metrology solutions to enhance its semiconductor metrology portfolio, with integration efforts aimed at complementing its existing dimensional and materials offerings. |
Recent press releases and 8-K filings for NVMI.
- Nova reported record quarterly revenue of $224.6 million in Q3 2025, marking a 25% year-over-year growth and its sixth consecutive quarter of record results. Non-GAAP diluted earnings per share (EPS) for the quarter was $2.16.
- The company expects record high revenues for full-year 2025, reflecting approximately 30% annual growth. For 2026, Nova anticipates further growth, expecting to outperform the projected mid-single-digit WFE growth, driven by advanced logic, advanced packaging, and DRAM.
- Nova generated approximately $67 million in free cash flow in Q3 2025 and successfully completed a $750 million 0% convertible notes offering in September 2025, increasing its cash, cash equivalents, bank deposits, and marketable securities to $1.6 billion. This strong financial position supports investments in R&D and potential M&A opportunities.
- Advanced packaging revenue is projected to increase from approximately 15% in 2024 to approximately 20% in 2025, with further growth anticipated in 2026. Nova also opened a new state-of-the-art production facility in Mannheim, Germany, to triple its production capacity for advanced packaging optical metrology solutions.
- Nova reported record quarterly revenue of $224.6 million in Q3 2025, representing 25% year-over-year growth, with non-GAAP diluted earnings per share of $2.16.
- The company expects record high revenues for full-year 2025, projecting approximately 30% annual growth at the midpoint of its guidance.
- For Q4 2025, Nova forecasts revenue between $215 million and $225 million and non-GAAP diluted EPS between $2.02 and $2.20.
- Cash, cash equivalents, bank deposits, and marketable securities increased to $1.6 billion by the end of Q3 2025, following a $750 million convertible notes offering in September 2025.
- Nova opened a new production facility in Mannheim, Germany, to triple its production capacity for advanced packaging optical metrology solutions, with advanced packaging revenues expected to reach approximately 20% in 2025.
- Nova reported record Q3 2025 revenue of $224.6 million, marking a 25% year-over-year growth, driven by strong demand in advanced nodes and advanced packaging, including record revenue from memory devices and advanced logic nodes.
- The company provided Q4 2025 revenue guidance of $215 million to $225 million and projects record high revenues for the full year 2025, with approximately 30% annual growth.
- For 2026, Nova anticipates mid-single digit WFE growth and expects to outperform this, driven by advanced logic, advanced packaging, and DRAM, with a second-half weighted year.
- Nova's advanced packaging revenue share is expected to reach approximately 20% in 2025, up from 15% last year, and the company has tripled its production capacity for advanced packaging optical metrology solutions with a new facility in Mannheim, Germany.
- Following a $750 million convertible notes offering, Nova's cash, cash equivalents, bank deposits, and marketable securities increased to $1.6 billion, providing a strong financial position to pursue M&A opportunities in semiconductor process control.
- Nova (NVMI) reported record third-quarter 2025 revenue of $224.6 million, marking a 25% increase year-over-year.
- GAAP net income for Q3 2025 was $61.4 million, or $1.90 per diluted share, representing a 19% year-over-year increase.
- For the fourth quarter of 2025, Nova expects revenue between $215 million and $225 million and diluted non-GAAP EPS between $2.02 and $2.20.
- Management anticipates 2025 to be a record year for Nova, with continued growth expected in 2026 driven by positive semiconductor market forecasts and AI-driven demand.
- Nova (NVMI) reported record quarterly revenue of $224.6 million for the third quarter ended September 30, 2025, representing a 25% increase year-over-year.
- GAAP net income for Q3 2025 was $61.4 million, or $1.90 per diluted share, a 19% increase year-over-year.
- For the fourth quarter of 2025, Nova expects revenue to range from $215 million to $225 million, with diluted non-GAAP EPS projected between $2.02 and $2.20.
- Management anticipates 2025 to be a record year for Nova, with growth expected to continue into 2026, driven by positive semiconductor market forecasts and increased AI-driven demand.
- Nova Minerals has commenced procurement of critical mining and processing equipment for its Estelle starter antimony mining operations and associated downstream antimony refinery in Alaska, with first production of military-grade antimony trisulfide targeted for 2026/27.
- The company has access to approximately A$83.0M in funding, which includes A$17.5M in cash and a US$43.4M (A$65.5M) award from the U.S. Department of War.
- Key equipment, such as a mining fleet, crusher, screening plant, and ore sorters, has been procured and is scheduled for delivery in the coming months, with transport to the site via snow road in January 2026.
- Nova Minerals has secured a land use permit for 42.81 acres of commercial industrial zoned land near Port MacKenzie, Alaska, for a proposed antimony refinery.
- Following an award of US$43.4 million from the U.S. Department of War, Nova aims to onshore antimony production in Alaska, targeting first output within 24 months.
- This initiative positions Nova as a first-mover in establishing a fully integrated U.S. domestic antimony supply chain, intending to supply military-spec antimony products to the U.S. military and industrial markets.
- Nova's ELIPSON® materials metrology solution has been chosen as the Tool of Record by a leading global foundry customer for advanced Gate-All-Around (GAA) manufacturing processes.
- This selection marks a significant milestone for the ELIPSON® platform, following the recent adoption of Nova's Metrion® platform by another GAA customer, further expanding Nova's materials metrology solutions in advanced logic nodes production.
- Nova has already received orders and delivered several ELIPSON® tools to the customer for use in various high-volume production processes.
- Nova's ELIPSON® materials metrology solution has been selected as the Tool of Record by a leading global foundry customer for advanced Gate-All-Around (GAA) manufacturing processes.
- Nova has already received orders and delivered several ELIPSON® tools to this customer for use in various high-volume production processes.
- This selection, which leverages Raman spectroscopy technology for non-destructive material characterization, significantly expands Nova's presence in advanced logic nodes production.
- Nova Minerals Limited's U.S. subsidiary, Alaska Range Resources, LLC (ARR), has been awarded US$43.4 million in Defense Production Act Title III funding by the U.S. Department of War (DoW).
- This funding is designated for the production of antimony trisulfide at its Estelle Gold and Critical Minerals Project in Alaska.
- The award will accelerate the development of a fully integrated U.S. antimony supply chain to meet U.S. defense industrial base demands and future industrial applications.
- This represents the initial phase of Nova's strategy to establish an antimony mining and refining hub in Alaska.