Q1 2026 Nova Ltd Earnings Call Transcript

May 14, 2026 / 12:30 PM GMT

Release Date Price: $556.11 (+10.42%)

Transcript

Key Points

Positve

Nova Ltd (NVMI) delivered record revenue of $235.3 million in Q1 2026, exceeding guidance and demonstrating strong customer demand.
The company achieved record profitability, supported by robust demand for advanced DRAM and strong momentum in advanced packaging and gate-all-around applications.
Nova Ltd (NVMI) gained 400 basis points in market share in SILSIM and critical dimension metrology, cementing its position as the second-largest vendor in this market.
The company received the Intel Epic Supplier Award, highlighting its strong engagement and collaboration with Intel.
Nova Ltd (NVMI) is expanding its global manufacturing footprint with a new facility in Asia, expected to become operational by the end of 2026, to increase production capacity and optimize cost structure.

Negative

The effective tax rate in Q1 was approximately 17%, modestly above guidance, due to the geographic and entity mix of income.
Operating expenses are expected to increase in Q2, with GAAP expenses rising to approximately $72 million.
There is pressure on the supply chain, with cost pressures tied to higher chip prices, although Nova Ltd (NVMI) is managing these challenges.
China's share of revenue is expected to decrease due to AdvancedNode's growth, although the company sees potential growth in China this year.
Gross margins are expected to remain within the target model range, but there is a slight sequential decrease anticipated in Q2.

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

NVMI.OQ - Nova Ltd
Q1 2026 Nova Ltd Earnings Call
May 14, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and welcome to NOVA's First Quarter 2026 Financial 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 touch tone phone.

To withdraw your question, please press star then two.

Please note this event is being recorded.

I would now like to turn the conference over to Miri Segal, CEO of MSIR. Please go ahead.

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Unidentified_2 [2]
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