Record Revenue and Profitability
Nova reported record revenue of $672.4 million for fiscal year 2024, representing a 30% year-over-year growth. Non-GAAP net income grew by 38%.
Quarterly Performance
Fourth quarter revenue reached a record high of $194.8 million, a 9% increase quarter-over-quarter and 45% growth year-over-year.
Advanced Packaging Growth
Advanced packaging revenue more than doubled, reaching 15% of product revenue. Integrated metrology solutions were adopted by four of the top five advanced packaging manufacturers.
Strong Financial Metrics
Operating margin reached 28% on a GAAP basis and 33% on a non-GAAP basis. Earnings per share on a non-GAAP basis were $1.94, exceeding guidance.
Sentronics Acquisition
Completed the acquisition of Sentronics Metrology, expected to be accretive within 12 months. The acquisition aligns with strategic growth priorities.