Nova Ltd. Surpasses $1 Billion Revenue Goal

Nova Ltd. has achieved its third consecutive quarter of record revenue, bringing in $287.8 million for the third quarter of 2026, a 28% increase from the prior year. The company also surpassed its strategic goal of $1 billion in annual revenue, accomplishing this milestone a year ahead of schedule.

This strong performance was driven by record results in the memory and advanced packaging segments. Specifically, DRAM and high-bandwidth memory applications saw significant demand. Nova anticipates accelerated growth in the second half of 2026 compared to the same period in 2025.

The company is expanding its manufacturing capabilities with a new clean room in Asia set to become operational by the end of the calendar year. Management highlighted that as investment shifts towards gate-all-around devices, the need for advanced metrology tools is expected to increase significantly, driving future demand.

Nova's financial results exceeded profitability targets, with non-GAAP EPS reaching $2.86 per diluted share. The company ended the quarter with a strong cash position of $1.8 billion and generated $132 million in free cash flow during the quarter.