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Nova Ltd.

Nova Ltd.

NASDAQ•NVMI
CEO: Mr. Eitan Oppenhaim
Sector: Technology
Industry: Semiconductors
Listing Date: 2000-04-11
Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging. The company serves various sectors of the integrated circuit manufacturing industry, including logic, foundries, and memory manufacturers, as well as process equipment manufacturers. Nova Ltd. was formerly known as Nova Measuring Instruments Ltd. and changed its name to Nova Ltd. in July 2021. Nova Ltd. was incorporated in 1993 and is headquartered in Rehovot, Israel.
Contact Information
5 David Fikes Street, Rehovot, 7632805, Israel
972-73-229-5600
www.novami.com
Market Cap
$13.67B
P/E (TTM)
61.6
64.2
Dividend Yield
--
52W High
$475.00
52W Low
$154.00
52W Range
96%
Rank32Top 23.6%
4.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$224.61M+25.50%
4-Quarter Trend

EPS

$2.05+16.48%
4-Quarter Trend

FCF

$66.94M+55.45%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Strong Revenue and Profit Growth Total revenues reached $672.40M USD in 2024, marking a 30% increase over $517.92M USD in 2023 results.
Product Sales Drive Performance Product sales were $538.35M USD in 2024, reflecting a substantial 33% growth compared to $405.04M USD prior year.
Margin Expansion and Net Income Gross profit margin improved to 58% in 2024; Net income grew 35% to $183.76M USD from $136.31M USD.

Risk Factors

Geopolitical Instability Exposure Operations and revenue stream highly dependent on international sales, exposed to political instability in key Asian markets.
Customer Concentration Risk Sales concentration remains high; top five customers accounted for 53% of total revenues in 2024, risking revenue volatility.
Intellectual Property Protection Inability to protect core technology and IP could harm competitive position; litigation risk exists regarding semiconductor IP.
Supply Chain Interruption Risk Dependence on limited suppliers and single manufacturing facilities magnifies risk of production interruption impacting order fulfillment.

Outlook

Strategy Targeting $1B Revenue Executing well-defined strategy aiming to reach $1B USD in revenues by 2027 through organic and inorganic growth.
Sentronics Acquisition Integration Focus on building roadmap and creating synergy between Nova and Sentronics technologies post-acquisition closed January 2025.
Continued R&D Investment Continue investing in new approaches for inline materials control and enhancing software algorithms leveraging ML and AI.
Elevating ESG Initiatives Elevate investment in ESG programs across five pillars, focusing on sustainability, ethical governance, and social responsibility.

Peer Comparison

Revenue (TTM)

Amkor Technology, Inc.AMKR
$6.45B
+0.1%
Skyworks Solutions, Inc.SWKS
$4.09B
-2.2%
MKS Instruments, Inc.MKSI
$3.83B
+8.1%

Gross Margin (Latest Quarter)

Rambus Inc.RMBS
74.4%
-0.9pp
Pegasystems Inc.PEGA
72.2%
+2.0pp
Lattice Semiconductor CorporationLSCC
67.9%
-1.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MTSI$16.45B-299.2-4.4%25.6%
MKSI$14.58B52.411.4%52.2%
TSEM$14.37B74.57.1%5.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.9%
Moderate Growth
4Q Net Income CAGR
6.8%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 12, 2026
|
EPS:$2.13
|
Revenue:$220.43M
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $672.40M+29.8%
    |
    EPS: $6.31+32.3%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 20, 2024|
    Revenue: $517.92M-9.3%
    |
    EPS: $4.77-2.5%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Feb 28, 2023|
    Revenue: $570.73M+37.2%
    |
    EPS: $4.89+49.1%
    Beat

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Mar 1, 2022|
    Revenue: $416.11M+54.5%
    |
    EPS: $3.28+91.8%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Mar 1, 2021|
    Revenue: $269.40M+19.8%
    |
    EPS: $1.71+35.7%
    Miss