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Nova Achieves Record-Breaking Second Quarter 2025 Financial Performance with Significant Revenue Growth

Nova Announces Record Second Quarter 2025 Financial Results

Nova (Nasdaq: NVMI), a leading innovator in metrology solutions for the semiconductor manufacturing sector, has reported remarkable financial performance for the second quarter of 2025. The company shared its results for the three-month period ending on June 30, 2025, showing substantial growth and record figures that have surpassed previous expectations.

Highlights of the Second Quarter 2025

During this quarter, Nova reached a record-breaking revenue of $220 million, representing a 40% increase year-over-year. This growth is indicative of the rising demand for advanced metrology solutions, particularly in foundry and logic applications. Additionally, the company achieved unprecedented GAAP net income of $68.3 million, translating to $2.14 per diluted share, which outstripped the company's guidance and showcases a 52% increase from the previous year. Notably, the non-GAAP net income was recorded at $70.4 million or $2.20 per diluted share, marking a 37% increase year-over-year.

Nova experienced significant revenue contributions from its chemical metrology solutions, driven largely by the burgeoning market for high-bandwidth memory (HBM) and expanding adoption of cutting-edge chemical analysis tools. The quarter ended with a total gross margin of 57.8%, demonstrating a healthy profit despite increased operational expenses related to growth initiatives.

Detailed Insights on Financial Performance

The financial breakdown for the second quarter is highlighted in the following table:

Financial Metrics	Q2 2025	Q1 2025	Q2 2024
--------	---	---	---
Total Revenues	$219,989	$213,356	$156,858
Net Income (GAAP)	$68,291	$64,823	$45,142
Earnings per Diluted Share	$2.14	$2.03	$1.41
Net Income (Non-GAAP)	$70,400	$69,958	$51,956
Earnings per Diluted Share (Non-GAAP)	$2.20	$2.18	$1.61

Looking Forward

Management forecasts continued growth in Q3 2025, expecting revenues to range between $215 million and $227 million, with diluted GAAP earnings per share (EPS) between $1.77 and $1.97, and non-GAAP EPS anticipated to between $2.02 and $2.22. These expectations align well with Nova's strategic focus on innovation and customer satisfaction in the evolving semiconductor landscape.

Comments from Leadership

Gaby Waisman, President and CEO of Nova, expressed pride in the company’s performance, stating, _“We are proud to report another quarter of record revenue, with our top-line performance landing at the high end of our guidance. Our advanced tools have gained impressive client adoption, contributing significantly to our market penetration.”_ This positive reception among clients underscores Nova’s strong positioning and ability to adapt to market needs.

Nova continues to deliver innovative metrology solutions that help semiconductor manufacturers enhance their production efficiency and product quality. As the demand for advanced semiconductor devices grows, Nova's portfolio of solutions is expected to play a vital role in the industry’s ongoing evolution.

About Nova

Founded in Israel, Nova specializes in material, optical, and chemical metrology solutions. The company is regarded as a key partner to semiconductor manufacturers globally. Nova contributes to the effective oversight of processes throughout the semiconductor fabrication lifecycle, increasing productivity and advancing technological frontiers in the industry. For more information about Nova and its offerings, you can visit Nova’s official website.

In conclusion, with continuous investment in research and development, coupled with a robust operational strategy, Nova is well-positioned to capitalize on future opportunities and navigate market challenges as it looks toward a promising second half of 2025.