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.
Atif Malik
Citigroup Inc.
4 questions for NVMI
Charles Shi
Needham & Company
4 questions for NVMI
Ezra Weener
Jefferies LLC
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
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'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.
- Nova Ltd. announced the pricing of an upsized private offering of $650 million aggregate principal amount of 0.00% Convertible Senior Notes due 2030.
- The offering was upsized from the previously announced $500 million, with an option for initial purchasers to buy an additional $100 million.
- Net proceeds are estimated at approximately $631.5 million, with $44.9 million allocated for capped call transactions and the remainder for general corporate purposes, including potential mergers and acquisitions.
- The Notes mature on September 15, 2030, and are convertible at an initial conversion price of approximately $320.16 per share, representing a 35.0% conversion premium.
- Nova Ltd. (NVMI) announced the release of Nova WMC, a next-generation modular optical metrology platform designed for advanced packaging applications in semiconductor manufacturing.
- The Nova WMC platform offers exceptional versatility, handling various wafer sizes and forms, and supports multiple metrology technologies to address challenges like high warpage and non-symmetric shapes.
- The platform has been adopted by a leading memory manufacturer for High Bandwidth Memory, with additional orders received from logic, advanced memory, and power device manufacturers.
- Nova has already recognized revenue for the first system and anticipates recognizing revenue for multiple additional systems by the end of 2025.
- Nova Ltd. delivered a record second quarter in Q2 2025, with revenue reaching $220 million, marking a 3% sequential and 40% year-over-year increase. Non-GAAP diluted earnings per share were $2.20, exceeding guidance and representing the seventh consecutive quarter of record performance.
- The company's strong performance was driven by multiple revenue streams, including record revenue from its chemical metrology division and service business, which grew 31% year-over-year. Record results were also seen in the logic/foundry and advanced packaging segments.
- Nova provided guidance for Q3 2025, expecting revenue between $215 million and $227 million, and non-GAAP diluted earnings per share between $2.20 and $2.22.
- Nova is well-positioned in the Gate All Around (GAA) architecture shift, working with four leading customers and remaining on track to achieve $500 million in cumulative GAA revenue by 2026.
- Nova Minerals' Board recently visited the Estelle Gold and Critical Minerals Project in Alaska, showcasing progress in developing one of North America's largest sources of gold and critical minerals, including antimony.
- The project has garnered strong support from federal, state, and local leaders, including Alaska's Congressional Delegation, and aligns with Executive Order 14153 to boost American mineral production.
- Nova is actively engaging with the U.S. Department of Defense for potential grants to accelerate domestic critical mineral production, though no grant has been finalized yet.
- The Estelle Project has defined almost 10 million ounces of gold and is advancing to become a near-term producer of gold and antimony.
- Achieved record revenue of $213 million in Q1 2025, reflecting 50% YoY growth and a 10% QoQ increase
- Reported record profitability with GAAP EPS of $2.03 and non-GAAP EPS of $2.18, alongside record net incomes of $64.8 million (GAAP) and $70.0 million (non-GAAP)
- Demonstrated strong operating performance with GAAP gross margins of 57% and non-GAAP margins of 59.6%, driven by a favorable product mix in logic, foundry, and memory segments
- Provided Q2 2025 guidance with forecast revenues between $210-220 million, noting tariff impacts could lower gross margins by 30-50 basis points and integration benefits from the Sentronics acquisition
- Completed the acquisition of Sentronics metrology GmbH to enhance dimensional metrology and semiconductor process control offerings, strengthening advanced packaging and Gate-All-Around application capabilities
- Nova Ltd. (Nasdaq: NVMI) published its second Sustainability Insight Report detailing its updated sustainability strategy, including achieving 88% renewable energy use and significant reductions in greenhouse gas emissions from a 2022 baseline.
- The report also highlights internal achievements such as a 35% internal mobility rate and a 148% increase in employee volunteering hours, reflecting the firm’s focus on social responsibility.
- Additionally, the company reported business improvements with record revenues from materials and chemical metrology solutions and an expanded presence in the advanced packaging market.
- 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.