Nova Reports Record Third Quarter 2025 Financial Results

Nova (NASDAQ: NVMI) today announced financial results for the third quarter, the three-month period ended September 30, 2025.Third Quarter 2025 Highlights:Record Quarterly revenue of $224.6 million, a 25% increase YoY, at the high end of the company's guidance. GAAP net income of $61.4 million, or $1.90 per diluted share, a 19% increase YoY. Non-GAAP net income of $70 million, or $2.16 per diluted share, a 24% increase YoY. Record quarterly revenue from memory devices, driven by demand for advanced DRAM & HBM devices Record quarterly revenue from advanced logic devices driven by demand from Gate-All-Around manufacturing processes GAAP Results (K) Q 3 2025 Q 2 2025 Q3 2024 Revenues $224,608 $219,989 $178,974 Net Income $61,421 $68,291 $51,279 Earnings per Diluted Share $1.90 $2.14 $1.60 Non-GAAP Results (K) Q 3 2025 Q 2 2025 Q3 2024 Net Income $69,991 $70,400 $56,056 Earnings per Diluted Share $2.16 $2.20 $1.74 A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. See also "Use of Non-GAAP Adjusted Financial Measures" section.Management Comments "Nova achieved record third-quarter results, with the highest ever sales in memory and advanced logic, driven by strong demand for our advanced metrology solutions in leading nodes and advanced packaging," said Gaby Waisman, President and CEO. "With fourth-quarter guidance on track, we expect 2025 to be a record year for Nova and anticipate growth to continue in 2026, supported by positive semiconductor market forecasts and increased AI-driven demand."2025 Fourth Quarter Financial Outlook Management provided an outlook for the fourth quarter, the period ending December 31, 2025. Based on current estimates, management expects:$215 million to $225 million in revenue $1.77 to $1.95 in diluted GAAP EPS $2.02 to $2.20 in diluted non-GAAP EPS2025 Third Quarter Results Total revenues for the third quarter of 2025 were $224.6 million, an increase of 2% compared with the second quarter of 2025 and an increase of 25% compared with the third quarter of 2024.Gross margin in the third quarter of 2025 was 56.7%, compared with 57.8% in the second quarter of 2025 and 56.6% in the third quarter of 2024.Operating expenses in the third quarter of 2025 were $63.6 million, compared with $61.6 million in the second quarter of 2025 and $52.1 million in the third quarter of 2024.On a GAAP basis, the Company reported net income of $61.4 million, or $1.90 per diluted share, in the third quarter of 2025. This is compared with net income of $68.3 million, or $2.14 per diluted share, in the second quarter of 2025, and $51.3 million, or $1.60 per diluted share, in the third quarter of 2024.On a non-GAAP basis, the Company reported net income of $70.0 million, or $2.16 per diluted share, in the third quarter of 2025. This is compared with net income of $70.4 million, or $2.20 per diluted share, in the second quarter of 2025, and $56.1 million, or $1.74 per diluted share, in the third quarter of 2024.Conference Call InformationNova will host a conference call today, November 6, 2025, at 8:30 a.m. Eastern Time, to discuss the Company's third quarter of 2025 financial results and outlook. To attend the conference call, please dial one of the following teleconferencing numbers. Please begin by placing your calls five minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.The conference call will also be webcast live from a Link on Nova's website at https://www.novami.com/investors/events/.A replay of the conference call will be available from November 8, 2025, at 11:30 a.m. Eastern Time until November 15, 2025, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:A replay will also be available for 90 days on Nova's website link at https://www.novami.com/investors/events/.

Nova Reports Record Third Quarter 2025 Financial Results

Інші новини компанії