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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.
| 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?
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.
- Record performance and strong revenue growth: The company reported a record 2024 with 30% year-over-year revenue growth reaching $672.4 million and robust profitability improvements, with a 38% increase in non-GAAP net income and a long-term CAGR of 26% since 2020.
- Focus on innovation and diversification: Nova is investing 15% of revenue in R&D, launching new solutions such as the i580 metrology platform and integrating acquisitions like Sentronics to boost its advanced packaging and metrology capabilities.
- Optimistic future outlook and financial discipline: The updated strategic plan aims to double annual revenue by 2027 compared to 2022, supported by disciplined capital allocation, improved margins, significant cash reserves, and key M&A initiatives.