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Nova ( (NVMI) ) just unveiled an update.
On May 14, 2026, Nova Ltd. reported record financial results for the first quarter ended March 31, 2026, with revenue climbing to $235.3 million, up 6% sequentially and 10% year over year, surpassing guidance. GAAP net income rose to $69.3 million, or $2.04 per diluted share, while non-GAAP net income increased to $80.3 million, or $2.33 per diluted share, supported by strong demand for advanced DRAM, record revenue from memory devices, and record sales of its Metrion and AncoScene metrology platforms.
Gross margin in the quarter held at a robust 57.7%, operating expenses declined versus the prior quarter, and service revenue and multiple product lines all reached all-time highs. Management said these results underscore the strength of Nova’s portfolio and execution, and with guidance for second-quarter revenue of $245 million to $255 million and higher expected earnings per share, the company signaled confidence in continued industry growth and its positioning with semiconductor manufacturers.
The most recent analyst rating on (NVMI) stock is a Buy with a $525.00 price target. To see the full list of analyst forecasts on Nova stock, see the NVMI Stock Forecast page.
Spark’s Take on NVMI Stock
According to Spark, TipRanks’ AI Analyst, NVMI is a Outperform.
The score is driven primarily by strong financial performance (high margins, sharp TTM revenue step-up, and solid free cash flow) and a positive earnings-call outlook with clear Q1 guidance and expectations for H2 acceleration. Offsetting this are elevated balance-sheet leverage versus 2024, a neutral near-term technical setup (below the 20DMA), and a demanding valuation (P/E ~55.6).
To see Spark’s full report on NVMI stock, click here.
More about Nova
Nova Ltd. is a leading provider of material, optical and chemical metrology solutions for advanced process control in semiconductor manufacturing. The company’s high-precision hardware and software platforms, including systems such as Nova Metrion and AncoScene, help chipmakers optimize performance, improve yields and accelerate time to market across advanced logic and memory nodes.
Average Trading Volume: 354,817
Technical Sentiment Signal: Buy
Current Market Cap: $15.68B
For a thorough assessment of NVMI stock, go to TipRanks’ Stock Analysis page.