Quarterly ResultMay 14, 2026, 07:31 AM
Nova Reports Record Q1 2026 Revenue $235.3M; GAAP Net Income $69.3M
AI Summary
Nova Ltd. announced record financial results for the first quarter ended March 31, 2026, exceeding company guidance across key metrics. The company reported record quarterly revenue of $235.3 million, a 6% increase quarter-over-quarter, and record GAAP net income of $69.3 million, or $2.04 per diluted share. Non-GAAP net income also reached a record $80.3 million, or $2.33 per diluted share. These results were driven by robust demand for advanced DRAM and record sales of its Metrion platform and AncoScene chemical metrology solution. For the second quarter of 2026, Nova expects revenue between $245 million and $255 million, with diluted GAAP EPS of $2.10 to $2.24 and non-GAAP EPS of $2.34 to $2.48.
Key Highlights
- Record Q1 2026 revenue of $235.3 million, a 6% increase QoQ and 10% increase YoY.
- Record GAAP net income of $69.3 million, or $2.04 per diluted share, a 5% increase QoQ.
- Record non-GAAP net income of $80.3 million, or $2.33 per diluted share, a 9% increase QoQ.
- Q1 2026 gross margin was 57.7%, compared to 57.6% in Q4 2025.
- Q1 2026 operating expenses were $64.9 million, down from $67.5 million in Q4 2025.
- Q2 2026 revenue guidance is $245 million to $255 million.
- Q2 2026 diluted GAAP EPS guidance is $2.10 to $2.24.
- Q2 2026 diluted non-GAAP EPS guidance is $2.34 to $2.48.