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NVMINova Ltd.
$446.43$14.2B
Overview & Verdict
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NVMI logoNova Ltd.(NVMI)Earnings, Financials & Key Ratios

NVMI•NASDAQ
$446.43
56.1× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustrySemiconductorsSub-IndustrySemiconductor Test, Metrology and Inspection Equipment
AboutNova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging. The company serves various sectors of the integrated circuit manufacturing industry, including logic, foundries, and memory manufacturers, as well as process equipment manufacturers. Nova Ltd. was formerly known as Nova Measuring Instruments Ltd. and changed its name to Nova Ltd. in July 2021. The company was incorporated in 1993 and is headquartered in Rehovot, Israel.Show more
  • Revenue$881M+31.0%
  • EBITDA$276M+34.6%
  • Net Income$259M+41.1%
  • EPS (Diluted)7.96+38.4%
  • Gross Margin57.63%+0.1%
  • EBITDA Margin31.32%+2.8%
  • Operating Margin28.78%+3.2%
  • Net Margin29.44%+7.7%
  • ROE23.08%+5.4%

NVMI Price & Volume

Nova Ltd. (NVMI) stock price & volume — 10-year historical chart

Loading chart...

Cyclical Growth Normalization Amidst Rising Debt Levels

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Decelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Geopolitical and cyclical exposure

Key Thesis Takeaways

  • Nova Ltd.
  • demonstrates structural resilience with gross margins consistently exceeding 56%, yet the company faces a challenging transition as year-over-year revenue growth decelerated from 50.5% in 2025Q1 to 10.3% by 2026Q1.
  • While the firm maintains a strong technological position in the metrology market, investors should monitor the significant increase in total debt to $800.2 million and the potential for goodwill impairment risks as the company integrates recent acquisitions.
  • Future performance remains contingent on managing working capital volatility, which recently caused a $42.0 million cash outflow in 2026Q1, and maintaining operating leverage as the semiconductor capital equipment cycle matures.

Verdict Logic

while the company exhibits strong profitability with a 30.1% operating margin in 2026Q1, the high valuation of 61.38x TTM P/E and rising debt levels warrant a cautious approach.

NVMI Growth Metrics

Nova Ltd. (NVMI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years19.48%
5 Years26.73%
3 Years15.55%
TTM21.32%

Profit CAGR

10 Years32.35%
5 Years40.17%
3 Years22.73%
TTM24.53%

EPS CAGR

10 Years30.17%
5 Years36.99%
3 Years21.85%
TTM20.88%

Return on Capital

10 Years17.54%
5 Years18.98%
3 Years17.59%
Last Year16.15%

NVMI Recent Earnings

Nova Ltd. (NVMI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 14, 2026
Metric
Actual
Est
EPS
$2.33+6.4%
$2.19
Rev
$235M+3.7%
$227M
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$2.14+0.5%
$2.13
Rev
$223M+0.8%
$221M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$2.16+0.5%
$2.15
Rev
$225M+1.1%
$222M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$2.20+7.3%
$2.05
Rev
$220M+1.2%
$217M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 14, 2026
$2.33vs $2.19+6.4%
$235Mvs $227M+3.7%
Q1 2026Feb 12, 2026
$2.14vs $2.13+0.5%
$223Mvs $221M+0.8%
Q4 2025Nov 6, 2025
$2.16vs $2.15+0.5%
$225Mvs $222M+1.1%
Q3 2025Aug 7, 2025
$2.20vs $2.05+7.3%
$220Mvs $217M+1.2%
Based on last 12 quarters of dataView full earnings history →

Latest NVMI News

Recent stock market news and headlines for Nova Ltd. (NVMI)

PRNewsWire·1 day ago
Sovereign space access for Germany and Canada: Isar Aerospace and Maritime Launch Services sign contract to advance orbital launch capability from Spaceport Nova Scotia

HALIFAX, NS and MUNICH, July 7, 2026 /PRNewswire/ - Space company Isar Aerospace and spaceport operator Maritime Launch Services Ltd. (CBOE: MAXQ, OTCQB: MAXQF) have signed a contract under which Isar Aerospace will develop a dedicated launch complex for its Spectrum launch vehicle at Spaceport Nova Scotia near Canso, Canada.

PRNewsWire·2 days ago
Nova to Report Second Quarter 2026 Financial Results on August 6

Conference call to be held on the same day at 8:30 a.m. Eastern Time REHOVOT, Israel, July 6, 2026 /PRNewswire/ -- Nova (NASDAQ: NVMI), a leading innovator and a key provider of advanced metrology and process control solutions used in semiconductor manufacturing, today announced that it expects to release its financial results for the second quarter of 2026 before the Nasdaq market opens on Thursday, August 6, 2026.

GuruFocus·5 days ago
A Look at Nova Ltd (NVMI) After 6.5% Decline -- GF Value $308.26 vs Price $470.14

On July 02, 2026, Nova Ltd (NVMI) shares fell 6.5%, closing at $470.14. This drop adds to the stock's recent downward trend, which has seen a 12.0% decline over

PRNewsWire·6 days ago
Nova WMC™ Expanding Adoption Across the Most Advanced Packaging Processes

REHOVOT, Israel, July 2, 2026 /PRNewswire/ -- Nova (NASDAQ: NVMI), today announced the selection of its Nova WMC™ platform by a leading global foundry customer for multiple layers' measurement in the most advanced packaging processes. The selection followed a competitive evaluation, resulting in the Nova WMC™ being designated as tool-of record.

Business Wire·6 days ago
Sallie Mae Selects Nova Credit's Income Navigator for Income Verification

NEW YORK--(BUSINESS WIRE)---- $SLM #cashflowintelligence--Nova Credit, a leading credit infrastructure and analytics company, today announced that Sallie Mae® (Nasdaq: SLM), the leader in private student lending, has selected the Nova Credit's Income Navigator to support income verification as part of its private student loan underwriting process. Income Navigator enables lenders to quickly and accurately verify consumer income, providing a more complete picture of an applicant's financial profile. Sallie Mae will leverage t.

Peers Comparison

Key metrics vs top competitors for Nova Ltd. (NVMI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NVMI logoNVMINova Ltd.Current
$446.43$14.19B56.0830.96%29.44%23.08%—
ONTO logoONTOOnto Innovation Inc.
$279.93$13.92B100.691.82%10.33%5.19%—
MKSI logoMKSIMKS Inc.
$349.57$23.53B79.999.62%8.03%12.24%—
CAMT logoCAMTCamtek Ltd.
$133.26$6.14B128.1315.57%28.36%23.49%—
COHU logoCOHUCohu, Inc.
$50.97$2.39B-32.0612.74%-11.54%-6.84%—
KLIC logoKLICKulicke and Soffa Industries, Inc.
$105.87$5.54B9999.00-7.38%0.4%0.37%—

Compare NVMI vs Peers

Nova Ltd. (NVMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ONTO

Most directly comparable listed peer for NVMI.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare NVMI against a more recognizable public peer.

Peer Set

Compare Top 5

vs ONTO, MKSI, CAMT, COHU

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NVMI Frequently Asked Questions

Nova Ltd. (NVMI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Nova Ltd.'s revenue?

Nova Ltd. (NVMI) reported $902.5M in revenue for fiscal year 2025. This represents a 3172% increase from $27.6M in 1999.

How fast is Nova Ltd. growing?

Nova Ltd. (NVMI) grew revenue by 31.0% over the past year. This is strong growth.

Is NVMI profitable?

Yes, Nova Ltd. (NVMI) is profitable, generating $263.7M in net income for fiscal year 2025 (29.4% net margin).

Dividend & Returns
What is NVMI's return on equity?

Nova Ltd. (NVMI) has a return on equity (ROE) of 23.1%. This is excellent, indicating efficient use of shareholder capital.

What is Nova Ltd.'s free cash flow?

Nova Ltd. (NVMI) generated $194.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in NVMI back in 1999?

Total return calculator · dividends reinvested · 27+ years of data

See returns →