Q2 2026 Nova Ltd Earnings Call Transcript

Aug 6, 2026 / 12:30 PM GMT

Release Date Price: ₪1703.3

Transcript

Key Points

Positve

Record quarterly revenue of $255 million, surpassing the $250 million milestone, with 16% year-over-year growth.
Record non-GAAP EPS of $2.51, exceeding the high end of guidance, demonstrating strong earning power.
Broad-based demand across product lines, with record sales in advanced logic, advanced packaging, and services.
Strong growth in advanced packaging, contributing nearly 25% of product revenue, driven by AI-related demand and HBM capacity.
Enhanced visibility into 2027 with customers providing longer-term planning, supporting confidence in future growth.
Strong financial position with over $1.7 billion in cash and investments, providing flexibility for R&D and M&A.
Continued innovation with new product launches (Prism, VeriFlex, Nova WMC, NovaHub) expanding the serviceable market.
Gross margins remain healthy at 58% non-GAAP, within the target model, with Q3 guidance of 59%.
Operating margins reached 33% non-GAAP, at the upper end of the target model, reflecting operational leverage.
Positive Q3 guidance with revenues expected between $277 million and $287 million, indicating continued momentum.

Negative

Memory revenue declined 14% quarter-over-quarter, with muted NAND demand due to upgrades rather than capacity expansion.
Supply chain is stretched, requiring significant effort to maintain lead times, which vary from 4 to 12 months.
Gross margin in Q2 was slightly below guidance by about 90 basis points due to product mix, though within the target range.
Operating expenses increased to $62.9 million non-GAAP, reflecting higher reinvestment in R&D and roadmap expansion.
Process control intensity is lower this year, particularly in memory, which could limit near-term growth relative to WFE.
Visibility into 2027 is still early, and it is too soon to confirm whether WFE growth of 40% is achievable.
NAND market remains muted, and recovery is uncertain, with potential benefits only expected when capacity returns, possibly next year.
The company faces potential BOM cost impacts from memory price increases, though currently not significant to margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NVMI.OQ - Nova Ltd.
Q2 2026 Nova Ltd Earnings Call
Aug 06, 2026 / 12:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good day and welcome to the Nova LTD second quarter 2026 results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touchtone telephone.

To withdraw your question, please press star then two. Please note today's event is being recorded. I would now like to turn the conference over to Ms. Miri Segal, CEO of MSIR. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.