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Nova (IL:NVMI)
:NVMI
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
6.48Last Year’s EPS
4.85Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -98.78%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
Nova Ltd. reported a strong third quarter with record-breaking revenue and growth, driven by robust performance across product lines and territories. The company highlighted significant advancements in materials metrology and gate-all-around technology. Despite potential challenges in China and uncertainty in WFE growth, the overall outlook remains positive due to strong financial health and continued demand in advanced nodes.Company Guidance
During Nova Ltd.'s Q3 2024 earnings call, key guidance metrics were shared, reflecting the company's strong performance and future expectations. Nova delivered record quarterly revenue of $179 million, marking a 14% increase quarter-over-quarter and a 39% increase year-over-year, surpassing their guidance. The company anticipates Q4 2024 revenue to range between $181 million and $191 million, with GAAP earnings per diluted share projected between $1.51 and $1.70. The non-GAAP earnings per diluted share are expected to range from $1.72 to $1.91. For the full year 2024, Nova expects revenue growth of approximately 28% year-over-year, outperforming the anticipated wafer fab equipment growth. The blended non-GAAP gross margin is projected around 60%, and the non-GAAP operating margin is anticipated to be 32%, exceeding their target model by 1%. Nova's effective tax rate is expected to be approximately 14% in Q4, with operating expenses rising to around $55 million on a GAAP basis. The company's robust cash position, with $810 million in cash and marketable securities, supports ongoing investments in R&D and strategic growth initiatives.Record-Breaking Revenue and Growth
Nova delivered another record quarter with revenues of $179 million, marking a 39% year-over-year growth and 14% quarter-over-quarter growth. The company exceeded the high end of the guidance in revenue and profitability.
Strong Performance in Materials Metrology
The materials metrology portfolio delivered record revenue with diverse contributions from Korea, the U.S., and Taiwan. The VeraFlex IV platform was qualified with a leading memory customer, receiving multiple orders for AI-related devices.
Advancements in Gate-All-Around Technology
Nova's advanced technology portfolio is strongly positioned for gate-all-around manufacturing, with expectations to achieve $500 million in revenue by 2026. The company sees increasing opportunities and demand in this area.
Solid Financial Health
Nova ended the third quarter with $810 million in cash and marketable securities, and a free cash flow of $43 million. The company's non-GAAP operating margin reached 32%, surpassing the target model.
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IL:NVMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IL:NVMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | 71130.00 | 75500.00 | +6.14% |
| Aug 08, 2024 | 72540.00 | 78230.00 | +7.84% |
| May 09, 2024 | 68200.00 | 70250.00 | +3.01% |
| Feb 15, 2024 | 57830.00 | 60750.00 | +5.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nova (IL:NVMI) report earnings?
Nova (IL:NVMI) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Nova (IL:NVMI) earnings time?
Nova (IL:NVMI) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Nova stock?
The P/E ratio of Nova is N/A.
What is IL:NVMI EPS forecast?
IL:NVMI EPS forecast for the fiscal quarter 2024 (Q4) is 6.48.
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