Israel's Nova beats Q3 profit estimates on demand in advanced packaging, memory devices
Overview
Israel semiconductor metrology firm's Q3 revenue rose 28% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Growth driven by demand in advanced packaging and memory devices
Outlook
Nova expects Q4 2026 revenue between $305 mln and $315 mln
Company sees Q4 2026 GAAP diluted EPS of $2.78 to $2.93
Nova forecasts Q4 2026 non-GAAP diluted EPS of $3.03 to $3.18
Result Drivers
ADVANCED PACKAGING - Co said record revenue from advanced packaging solutions was driven by capacity expansions in HBM and advanced logic
MEMORY DEVICES - Co said record revenue from memory devices was driven by demand for dimensional and materials metrology solutions
LOGIC CUSTOMER DEMAND - Co said strong demand from logic customers contributed to results, per CEO Gaby Waisman
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $287.80 mln | $282.15 mln (7 Analysts) |
Q3 Adjusted EPS | Beat | $2.86 | $2.77 (8 Analysts) |
Q3 EPS | $2.64 | ||
Q3 Adjusted Net Income | Beat | $98.40 mln | $95.26 mln (7 Analysts) |
Q3 Net Income | $90 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Nova Ltd. is $500.00, about 69.3% above its November 4 closing price of $295.35
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 33 three months ago
Reuters Recommended Reads
Nov 5 - ACM Research beats Q3 revenue estimates on packaging equipment demand, raises FY outlook
Nov 3 - Astera Labs Q3 revenue jumps 154% on Scorpio switch ramp, design wins
Nov 2 - Advanced Energy Q3 revenue beats on record semiconductor and data center computing sales
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)