Nova Measuring Instruments ( (NVMI) ) has released its Q4 earnings. Here is a breakdown of the information Nova Measuring Instruments presented to its investors.
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Nova Measuring Instruments, a prominent provider of metrology solutions for semiconductor manufacturing, has reported a record-breaking financial performance for the fourth quarter and full year of 2024. The company specializes in material, optical, and chemical metrology to enhance process control in semiconductor fabrication.
In the latest earnings report, Nova announced a record quarterly revenue of $194.8 million for Q4 2024, marking a 9% increase quarter-over-quarter and a 45% increase year-over-year. The company also achieved a GAAP net income of $50.5 million and a non-GAAP net income of $62.3 million, both surpassing company guidance and reflecting significant yearly growth.
Key highlights from the report include record sales of Nova’s Metrion and Veraflex platforms, as well as strong demand for dimensional metrology solutions in advanced packaging and GAA manufacturing. For the full year 2024, Nova posted an annual revenue of $672.4 million, a 30% increase from the previous year. The company’s GAAP net income reached $183.8 million, while the non-GAAP net income rose to $214.9 million, indicating robust financial health and strategic progress.
Looking ahead, Nova’s management remains optimistic about the future, expecting continued growth in 2025. The company has provided a financial outlook for the first quarter of 2025, with anticipated revenues ranging from $205 million to $215 million and projected earnings per share on both GAAP and non-GAAP bases showing positive growth trends.
