#Israel #Rehovot #Metrology #Semiconductor #Nova

Overview

Nova Ltd., a key player in the semiconductor manufacturing industry, disclosed remarkable financial outcomes for the fourth quarter and the full fiscal year ending December 31, 2025. This report underscores the company’s robust growth trajectory and its pivotal role in advancing semiconductor metrology solutions.

Fourth Quarter Results

For the fourth quarter of 2025, Nova recorded a stellar revenue of $222.6 million, reflecting a 14% increase year-over-year. The company reported a GAAP net income of $64.7 million, which translates to approximately $1.94 per diluted share, marking a 23% rise from the previous year. In terms of non-GAAP metrics, the net income reached $72.2 million or $2.14 per diluted share, an increase of 10% compared to Q4 2024. A significant highlight was the selection of Nova's Integrated Metrology portfolio by a leading global logic customer for advanced CMP applications within Gate-All-Around (GAA) processes, showcasing the growing demand for its innovative solutions.

Record-Breaking Full Year Performance

The full year 2025 proved even more exceptional for Nova, as it achieved record annual revenues of $880.6 million, a significant 31% increase compared to the previous year. The annual GAAP net income soared to $259.2 million, equating to $7.96 per diluted share, which is a remarkable 38% growth year-over-year. In non-GAAP terms, the income reached $282.6 million, or $8.62 per diluted share, a 29% increase from 2024. The sales surge in Optical, Materials, and Chemical Metrology portfolios was attributed to heightened demand for specialized solutions in critical applications and notable market share gains. Similarly, record sales were reported in key areas like Gate-All-Around, DRAM, and Advanced Packaging processes, driven largely by advancements in AI technology.

Key Financial Metrics

In examining the fourth quarter performance compared to the prior year and quarter:

• - Revenues: Increased to $222,624 from $194,766 YoY.
• - Net Income: Rose from $50,481 in Q4 2024 to $64,688 in Q4 2025.
• - Earnings per Diluted Share: Jumped from $1.58 in Q4 2024 to $1.94 in Q4 2025.

For the entire 2025 fiscal year:

• - Annual Revenues: Climbed to $880,577 from $672,396 YoY.
• - Net Income: Enhanced from $183,762 in 2024 to $259,223 in 2025.
• - Earnings per Diluted Share: Increased from $5.75 in 2024 to $7.96 in 2025.

Financial Outlook for Q1 2026

Looking ahead, Nova’s management anticipates a promising outlook for the first quarter of 2026, projecting revenues between $222 million and $232 million and diluted GAAP EPS ranging from $1.90 to $2.02. Non-GAAP diluted EPS is estimated to reach between $2.13 and $2.25.

Conclusion

The CEO of Nova, Gaby Waisman, expressed optimism about the company's position in the semiconductor industry, citing 2025 as a landmark year characterized by exceptional revenue and profitability. As Nova continues to expand its metrology portfolio and supports manufacturers tackling advanced manufacturing challenges, the company is confident in its potential to capture growth opportunities in the upcoming investment cycles of 2026 and beyond. Nova’s strategic progress and technological innovations reflect its commitment to the semiconductor sector and the enhancement of global manufacturing capabilities.