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Investing.com - Nova (NASDAQ:NVMI) shares climbed 2.7% on Thursday after the semiconductor metrology solutions provider reported record third quarter results that exceeded analyst expectations, driven by strong demand for its advanced measurement tools.
The company posted adjusted earnings of $2.16 per share for the third quarter, beating analyst estimates of $2.14. Revenue reached a record $224.6 million, surpassing the consensus forecast of $221.72 million and representing a 25% increase YoY. The results came in at the high end of the company’s guidance range.
Nova’s performance was fueled by record quarterly revenue from both memory and advanced logic devices. Memory revenue was driven by demand for advanced DRAM and HBM devices, while logic revenue benefited from Gate-All-Around manufacturing processes.
"Nova achieved record third-quarter results, with the highest ever sales in memory and advanced logic, driven by strong demand for our advanced metrology solutions in leading nodes and advanced packaging," said Gaby Waisman, President and CEO.
Gross margin for the quarter was 56.7%, slightly higher than the 56.6% reported in the same quarter last year.
Looking ahead, Nova provided fourth quarter guidance with revenue expected between $215 million and $225 million and adjusted earnings between $2.02 and $2.20 per share, in line with analyst expectations of $217.7 million in revenue and $2.09 in EPS.
The company expects 2025 to be a record year and anticipates continued growth in 2026, supported by positive semiconductor market forecasts and increased AI-driven demand.
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