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NVMI

Nova Ltd.

NVMI

Nova Ltd. • NASDAQ
$312.84 ▲ 1.68% (+5.17)
Market Cap $9.23 B
52w High $361.32
52w Low $154.00
Dividend Yield 0%
P/E 40.63
Volume 147.46K
Outstanding Shares 29.51M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $224.608M ▲ $63.558M ▲ $61.421M ▼ 27.346% ▼ $2.05 ▼ $79.083M ▲
Q2-2025 $219.989M ▲ $61.603M ▲ $68.291M ▲ 31.043% ▲ $2.32 ▲ $71.113M ▲
Q1-2025 $213.356M ▲ $59.071M ▲ $64.823M ▲ 30.383% ▲ $2.22 ▲ $68.134M ▲
Q4-2024 $194.766M ▲ $54.46M ▲ $50.481M ▼ 25.919% ▼ $1.72 ▼ $59.767M ▲
Q3-2024 $178.974M $52.102M $51.279M 28.652% $1.76 $53.584M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.088B ▲ $2.307B ▲ $1.137B ▲ $1.171B ▲
Q2-2025 $556.785M ▲ $1.534B ▲ $437.216M ▼ $1.096B ▲
Q1-2025 $541.849M ▼ $1.464B ▲ $481.662M ▲ $982.12M ▲
Q4-2024 $586.566M ▼ $1.39B ▲ $462.627M ▲ $927.795M ▲
Q3-2024 $601.103M $1.333B $426.114M $907.32M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $61.421M ▼ $71.275M ▲ $-392.272M ▼ $680.436M ▲ $361.07M ▲ $66.942M ▲
Q2-2025 $68.291M ▲ $45.661M ▼ $-28.676M ▲ $0 ▲ $19.826M ▲ $42.923M ▼
Q1-2025 $64.823M ▲ $68.549M ▼ $-66.042M ▼ $-20.002M ▲ $-16.724M ▼ $59.692M ▼
Q4-2024 $50.481M ▼ $69.145M ▲ $-15.67M ▲ $-48.411M ▼ $3.816M ▼ $60.99M ▲
Q3-2024 $51.279M $46.977M $-24.194M $70K $23.61M $43.063M

Five-Year Company Overview

Income Statement

Income Statement Nova’s revenue and profits have grown steadily over the last five years, with only a small pause in growth during 2023 before moving higher again in 2024. Profit margins look consistently strong from gross profit down to net income, suggesting solid pricing power and good cost control. Earnings per share have increased meaningfully over time, showing that growth is not just from expansion but also flowing through to the bottom line. Overall, the income statement points to a profitable, scalable business that has handled the semiconductor cycle reasonably well so far.

Balance Sheet

Balance Sheet The balance sheet shows a company that has been steadily building its asset base and shareholder equity over time. Debt is present but looks manageable relative to the size of the business and its equity, which reduces financial risk compared with a highly leveraged profile. Cash levels are healthy but not excessive, implying some cushion but not a “lazy” balance sheet. The overall picture is of a financially solid company with room to invest and withstand industry swings, as long as conditions do not deteriorate sharply for a long period.

Cash Flow

Cash Flow Cash generation generally tracks the company’s reported profits, which is a good sign that earnings are supported by real cash and not just accounting. Operating cash flow has improved over time, and free cash flow has remained positive even as the company continues to invest in its business. Capital spending appears disciplined and not overly heavy, consistent with a relatively asset-light, high‑value equipment and software model. This cash profile gives Nova flexibility to fund R&D, small acquisitions, and potential strategic initiatives without relying too heavily on borrowing.

Competitive Edge

Competitive Edge Nova occupies a focused niche in semiconductor process control and metrology, a critical area for chip yield and performance. Its strength comes from offering a broad, integrated set of measurement tools—optical, X‑ray, and materials-focused—combined with advanced software and analytics. Deep relationships with leading chipmakers and tight integration into their manufacturing flows create meaningful switching costs and support a durable competitive moat. At the same time, Nova operates in a market with powerful, larger competitors and is still exposed to the cyclical nature of semiconductor capital spending and potential customer concentration.

Innovation and R&D

Innovation and R&D Innovation is clearly at the core of Nova’s strategy. The company invests heavily in advanced metrology technologies, such as Raman‑based materials metrology and sophisticated machine‑learning software platforms, to address the most complex chip designs. It is positioning itself ahead of major technology shifts like gate‑all‑around transistors and advanced packaging, where measurement challenges are becoming more difficult and more valuable. Acquisitions in chemical metrology and packaging metrology extend its reach and help reinforce the technology moat, but they also require continued integration and sustained R&D to keep the edge. Overall, Nova appears to treat R&D as a growth engine rather than a cost line.

Summary

Nova presents as a profitable, growing semiconductor equipment company with strong margins, solid cash generation, and a sound balance sheet. Its focus on high‑value metrology solutions and integrated hardware‑software platforms provides a defensible competitive position in a technically demanding niche. The company is leaning into key industry transitions—such as advanced logic nodes and packaging—which could support long‑term demand if execution remains strong. Main watchpoints include exposure to semiconductor investment cycles, competition from larger rivals, and the need to continually innovate to stay ahead. Taken together, the fundamentals and technology profile describe a quality‑focused operator in a critical segment of the chipmaking ecosystem.

NEWS

November 24, 2025 · 7:00 AM UTC

QIMC's First-Mover Advantage in Nova Scotia Accelerates Regional Claim Rush as Company Prepares for Winter Drilling in Advocate

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November 18, 2025 · 11:54 PM UTC

Surfrider Dalhousie to Host Making Waves: Oceanic Solutions To Climate Change In Nova Scotia During Canada Climate Week Xchange

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November 12, 2025 · 8:00 AM UTC

Nova to Participate in Investor Conferences in November and December

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November 12, 2025 · 7:00 AM UTC

Quebec Innovative Materials Announces Winter Drilling in Nova Scotia with New High Hydrogen Data Confirming a Deep Natural Hydrogen System

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November 6, 2025 · 7:30 AM UTC

Nova Reports Record Third Quarter 2025 Financial Results

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