Nova beats forecasts: "Confident in our ability to leverage opportunities"

Nova exceeded analyst expectations with 28% revenue growth and a 46.5% surge in net profit in the third quarter, and presented a positive outlook for the next quarter. The stock is still more than 50% below its June peak.

Nova, which provides inspection systems for chip manufacturing processes, beat analyst estimates in its third-quarter 2026 reports. Revenue grew 28% year-over-year to approximately $288 million, and net profit surged 46.5% to $90 million. Non-GAAP net profit stood at $98.4 million, a 40.6% increase, and earnings per share reached $2.86—6 cents above expectations. The company showed improved operating profitability to 36%, and recorded record revenue from advanced packaging and memory chip solutions. The outlook for the fourth quarter is positive: revenue of $305-315 million and Non-GAAP earnings per share of $3.03-$3.18, above analyst forecasts. Year-to-date revenue totals approximately $778 million, growth of 18.3%. The stock trades at a market cap of $9.4 billion, more than 50% below its June peak. CEO Gaby Waisman expressed confidence in the ability to leverage opportunities in the semiconductor industry.