Latest news with #GabyWaisman
Yahoo
10-06-2025
- Business
- Yahoo
NVMI Q1 Earnings Call: AI Demand Drives Growth as Tariffs Introduce Marginal Headwinds
Semiconductor quality control company Nova (NASDAQ:NVMI) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 50.5% year on year to $213.4 million. Guidance for next quarter's revenue was better than expected at $215 million at the midpoint, 1.6% above analysts' estimates. Its non-GAAP profit of $2.18 per share was 4.4% above analysts' consensus estimates. Is now the time to buy NVMI? Find out in our full research report (it's free). Revenue: $213.4 million vs analyst estimates of $210.2 million (50.5% year-on-year growth, 1.5% beat) Adjusted EPS: $2.18 vs analyst estimates of $2.09 (4.4% beat) Revenue Guidance for Q2 CY2025 is $215 million at the midpoint, above analyst estimates of $211.7 million Adjusted EPS guidance for Q2 CY2025 is $2.05 at the midpoint, below analyst estimates of $2.10 Operating Margin: 29.6%, up from 26.2% in the same quarter last year Inventory Days Outstanding: 177, up from 168 in the previous quarter Market Capitalization: $6.38 billion Nova's first quarter performance was shaped by surging demand for semiconductor process control solutions, particularly in logic and advanced packaging. Management credited the company's growth to increased adoption of gate-all-around technology and the successful expansion of its PRISM platform, which saw record sales following further customer evaluations. President and CEO Gaby Waisman noted, 'Semiconductor manufacturing capacity is in growth mode, driven by demand for AI applications,' emphasizing that Nova's positioning across market segments and geographies contributed to its results. The quarter also included initial contributions from the Sentronics acquisition and marked a material year-over-year increase in service revenue, reflecting both operational execution and customer uptake of Nova's technology suite. Looking forward, Nova's outlook is informed by ongoing AI-driven investments in semiconductor manufacturing and customer adoption of advanced process technologies. Management expects continued demand for gate-all-around and advanced packaging applications, with Waisman highlighting that business from these segments should be higher next year. CFO Guy Kizner cited stable customer investment plans despite macroeconomic and trade uncertainties, but flagged new U.S. tariffs as a factor expected to modestly reduce gross margins. Waisman cautioned that, 'visibility is more challenging,' yet expressed confidence in Nova's ability to 'outperform WFE [wafer fab equipment] growth in 2025' by leveraging a diversified manufacturing footprint and ongoing product innovation. Management attributed first quarter growth to strong demand for advanced semiconductor technologies, increased market share, and successful product launches in both hardware and software. Gate-all-around adoption: Nova saw accelerating customer uptake of gate-all-around technology, which refers to a new transistor architecture enabling improved chip performance. This drove higher sales of both standalone and integrated metrology solutions, with management expecting continued momentum as high-volume manufacturing expands. PRISM platform expansion: The PRISM platform, leveraging spectral interferometry for process control in advanced packaging and leading-edge nodes, achieved record sales and completed key evaluations with major logic manufacturers. Management described PRISM as a 'bestseller,' supporting applications like through-silicon via and hybrid bonding. Software suite growth: The company's software business delivered record results, with customers adopting Nova's machine learning-driven tools to address process complexity and cost challenges in advanced packaging. These solutions are increasingly valued for optimizing efficiency in complex semiconductor processes. Sentronics acquisition progress: Nova completed the acquisition of Sentronics, strengthening its position in chemical metrology. Although the first quarter financial impact was modest, management anticipates greater contributions in the next quarter as direct sales initiatives ramp up from the new German facility. Service revenue acceleration: Service revenues grew over 30% year over year, reflecting heightened tool utilization and customer reliance on Nova's support and maintenance offerings. Management expects this area to remain a growth engine as the installed base expands. Nova's outlook is shaped by AI-driven semiconductor demand, new product adoption, and trade-related margin pressure. AI and advanced packaging demand: Management foresees ongoing growth in logic and advanced packaging, driven by investments in AI-enabled chips. The company expects gate-all-around and advanced packaging revenues to climb further as industry adoption broadens and high-bandwidth memory needs escalate. Tariff-related margin risks: New U.S. tariffs are expected to reduce gross margins by 30 to 50 basis points. While Nova's diversified manufacturing footprint helps mitigate some of the operational impact, management is monitoring evolving trade dynamics and pursuing selective pricing and operational adjustments. Operational investment and R&D: Nova plans to increase research and development as well as sales and marketing spending to support its product roadmap. Management views these investments as necessary to capture future growth opportunities, even though they may cause operating expenses to rise in the near term. Looking ahead, the StockStory team will be monitoring (1) the pace of gate-all-around and advanced packaging adoption as a leading indicator of revenue growth, (2) the integration and contribution of Sentronics to Nova's chemical metrology business, and (3) the impact of tariffs on gross margins and any operational or pricing adjustments. Additionally, we will track evolving customer demand in China and memory markets as potential sources of volatility. Nova currently trades at a forward P/E ratio of 26.3×. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Yahoo
08-05-2025
- Business
- Yahoo
Nova (NASDAQ:NVMI) Q1: Beats On Revenue, Provides Encouraging Quarterly Revenue Guidance
Semiconductor quality control company Nova (NASDAQ:NVMI) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 50.5% year on year to $213.4 million. Guidance for next quarter's revenue was better than expected at $215 million at the midpoint, 1.6% above analysts' estimates. Its non-GAAP profit of $2.18 per share was 4.4% above analysts' consensus estimates. Is now the time to buy Nova? Find out in our full research report. Revenue: $213.4 million vs analyst estimates of $210.2 million (50.5% year-on-year growth, 1.5% beat) Adjusted EPS: $2.18 vs analyst estimates of $2.09 (4.4% beat) Adjusted Operating Income: $73.63 million vs analyst estimates of $70.07 million (34.5% margin, 5.1% beat) Revenue Guidance for Q2 CY2025 is $215 million at the midpoint, above analyst estimates of $211.7 million Adjusted EPS guidance for Q2 CY2025 is $2.05 at the midpoint, below analyst estimates of $2.08 Operating Margin: 29.6%, up from 26.2% in the same quarter last year Free Cash Flow Margin: 28%, down from 40% in the same quarter last year Inventory Days Outstanding: 175, up from 168 in the previous quarter Market Capitalization: $5.88 billion "Nova delivered an exceptional quarter, with record revenue and profitability that reflect the strength of our unique portfolio. Our strong positioning across markets, segments, and diverse customer base were central to this outperformance," said Gaby Waisman, President and CEO. Headquartered in Israel, Nova (NASDAQ:NVMI) is a provider of quality control systems used in semiconductor manufacturing. A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Luckily, Nova's sales grew at an incredible 26.5% compounded annual growth rate over the last five years. Its growth surpassed the average semiconductor company and shows its offerings resonate with customers, a great starting point for our analysis. Semiconductors are a cyclical industry, and long-term investors should be prepared for periods of high growth followed by periods of revenue contractions (which can sometimes offer opportune times to buy). We at StockStory place the most emphasis on long-term growth, but within semiconductors, a half-decade historical view may miss new demand cycles or industry trends like AI. Nova's annualized revenue growth of 14.3% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. This quarter, Nova reported magnificent year-on-year revenue growth of 50.5%, and its $213.4 million of revenue beat Wall Street's estimates by 1.5%. Beyond the beat, this marks 5 straight quarters of growth, implying that Nova is in the middle of its cycle - a typical upcycle generally lasts 8-10 quarters. Company management is currently guiding for a 37.1% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 11.6% over the next 12 months, a slight deceleration versus the last two years. Still, this projection is healthy and suggests the market sees success for its products and services. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Days Inventory Outstanding (DIO) is an important metric for chipmakers, as it reflects a business' capital intensity and the cyclical nature of semiconductor supply and demand. In a tight supply environment, inventories tend to be stable, allowing chipmakers to exert pricing power. Steadily increasing DIO can be a warning sign that demand is weak, and if inventories continue to rise, the company may have to downsize production. This quarter, Nova's DIO came in at 175, which is 9 days below its five-year average. These numbers show that despite the recent increase, there's no indication of an excessive inventory buildup. We enjoyed seeing Nova beat analysts' adjusted operating income expectations this quarter. We were also glad its EPS outperformed Wall Street's estimates. On the other hand, its inventory levels increased. Overall, we think this was a solid quarter with some key areas of upside. The market seemed to be hoping for more, and the stock traded down 2.2% to $197.17 immediately after reporting. Is Nova an attractive investment opportunity right now? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-04-2025
- Business
- Yahoo
Nova to Report First Quarter 2025 Financial Results on May 8
Conference call to be held on the same day at 8:30 a.m. Eastern Time REHOVOT, Israel, April 10, 2025 /PRNewswire/ -- Nova (NASDAQ: NVMI), a leading innovator and a key provider of advanced metrology and process control solutions used in semiconductor manufacturing, today announced that it expects to release its financial results for the first quarter of 2025 before the Nasdaq market opens on Thursday, May 8, 2025. Q1 2025 Conference Call Details: Gaby Waisman, President and Chief Executive Officer, and Guy Kizner, Chief Financial Officer, will host a conference call to review the Company's first quarter 2025 financial results on May 8, 2025, at 8:30 a.m. Eastern Time. To attend the conference call, please dial one of the following numbers at least five minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number. U.S. TOLL-FREE: 1-833-816-1427ISRAEL TOLL-FREE: 1-80-9213284INTERNATIONAL: 1-412-317-0519WEBCAST LINK: At:8:30 a.m. Eastern Time5:30 a.m. Pacific Time The conference call will also be available via a live webcast from a link on Nova's Investor Relations website - A replay of the conference call will be available from May 8, 2025, to May 15, 2025. To access the replay, please dial one of the following numbers: Replay TOLL-FREE: 1-877-344-7529Replay TOLL/INTERNATIONAL: 1-412-317-0088Replay Pin Number: 1180959 About Nova Nova is a leading innovator and key provider of material, optical and chemical solutions for advanced metrology and process control in semiconductor manufacturing. Nova delivers continuous innovation by providing state-of-the-art, high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova's product portfolio, which combines high-precision hardware and cutting-edge software, provides its customers with deep insight into developing and producing the most advanced semiconductor devices. Nova's unique capability to deliver innovative solutions enables its customers to improve performance, enhance product yields, and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices worldwide. Additional information may be found on Nova's website link - Nova is traded on the Nasdaq and TASE, Nasdaq ticker symbol NVMI. Forward-Looking Statements This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding, but not limited to, anticipated growth opportunities and projections about our business and its future revenues, expenses and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to, the following: risks related to information technology security threats, sophisticated computer crime, and data privacy; foreign political and economic risks including supply-chain difficulties; regulations that could restrict our operations such as economic sanctions and export restrictions; changes in U.S. trade policies and taxation; indirect effects of the Russia – Ukraine conflict; market instability including inflation and recessionary pressures; risks related to doing business with China; catastrophic events; inability to protect our intellectual property; open source technology exposure, including risks related to artificial intelligence; risks related to the use of artificial intelligence technologies; challenges related to our new ERP system; failure to compete effectively or to respond to rapid technological changes; consolidation in our industry; difficulty in predicting the length and strength of any downturn or expansion period of the market we target; factors that adversely affect the pricing and demand for our product lines; dependency on a small number of large customers; dependency on a single manufacturing facility per product line; dependency on a limited number of suppliers; difficulty in integrating current or future acquisitions; lengthy sales cycle and customer delays in orders; risks related to conditions in Israel, including Israel's conflicts with Hamas and other parties in the region; risks related to our convertible notes; currency fluctuations; and quarterly fluctuations in our operating results. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in Nova's Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on February 20, 2025. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. Nova Ltd. does not assume any obligation to update the forward-looking information contained in this press release. Company Contact: Guy Kizner, Chief Financial OfficerTel: +972-73-229-5760E-mail - investors@ Nova website link - Investor Relations Contact: Miri Segal MS-IR LLCE-mail - msegal@ Logo: View original content: SOURCE Nova Sign in to access your portfolio
Yahoo
29-03-2025
- Business
- Yahoo
A Look Back at Semiconductor Manufacturing Stocks' Q4 Earnings: Nova (NASDAQ:NVMI) Vs The Rest Of The Pack
Looking back on semiconductor manufacturing stocks' Q4 earnings, we examine this quarter's best and worst performers, including Nova (NASDAQ:NVMI) and its peers. The semiconductor industry is driven by demand for advanced electronic products like smartphones, PCs, servers, and data storage. The need for technologies like artificial intelligence, 5G networks, and smart cars is also creating the next wave of growth for the industry. Keeping up with this dynamism requires new tools that can design, fabricate, and test chips at ever smaller sizes and more complex architectures, creating a dire need for semiconductor capital manufacturing equipment. The 14 semiconductor manufacturing stocks we track reported a satisfactory Q4. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was 1.8% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 13.3% since the latest earnings results. Headquartered in Israel, Nova (NASDAQ:NVMI) is a provider of quality control systems used in semiconductor manufacturing. Nova reported revenues of $194.8 million, up 45.1% year on year. This print exceeded analysts' expectations by 2.3%. Overall, it was a very strong quarter for the company with a significant improvement in its inventory levels and a solid beat of analysts' adjusted operating income estimates. "Nova continues to outperform the market, with quarterly and annual sales records which exceeded the high end of the guidance in both revenue and profitability," said Gaby Waisman, President and CEO. Nova scored the fastest revenue growth of the whole group. Investor expectations, however, were likely higher than Wall Street's published projections, leaving some wishing for even better results (analysts' consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 21.4% since reporting and currently trades at $193.22. Read why we think that Nova is one of the best semiconductor manufacturing stocks, our full report is free. Headquartered in Singapore, Kulicke & Soffa (NASDAQ: KLIC) is a provider of production equipment and tools used to assemble semiconductor devices Kulicke and Soffa reported revenues of $166.1 million, down 3% year on year, outperforming analysts' expectations by 0.7%. The business had a very strong quarter with a significant improvement in its inventory levels and an impressive beat of analysts' EPS estimates. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 20.7% since reporting. It currently trades at $34.42. Is now the time to buy Kulicke and Soffa? Access our full analysis of the earnings results here, it's free. With customers across the foundry and fabless markets, FormFactor (NASDAQ:FORM) is a US-based provider of test and measurement technologies for semiconductors. FormFactor reported revenues of $189.5 million, up 12.7% year on year, in line with analysts' expectations. It was a softer quarter as it posted a significant miss of analysts' adjusted operating income and EPS estimates. As expected, the stock is down 27.6% since the results and currently trades at $29.79. Read our full analysis of FormFactor's results here. Formed by the 1997 merger of the two leading semiconductor yield management companies, KLA Corporation (NASDAQ:KLAC) is the leading supplier of equipment used to measure and inspect semiconductor chips. KLA Corporation reported revenues of $3.08 billion, up 23.7% year on year. This print beat analysts' expectations by 4.5%. Overall, it was a very strong quarter as it also put up a significant improvement in its inventory levels and an impressive beat of analysts' adjusted operating income estimates. The stock is down 7.2% since reporting and currently trades at $690. Read our full, actionable report on KLA Corporation here, it's free. Founded in 1980 by David Lam, the man who pioneered semiconductor etching technology, Lam Research (NASDAQ:LRCX) is one of the leading providers of wafer fabrication equipment used to make semiconductors. Lam Research reported revenues of $4.38 billion, up 16.4% year on year. This number topped analysts' expectations by 1.4%. It was a strong quarter as it also logged a solid beat of analysts' EPS estimates and an impressive beat of analysts' adjusted operating income estimates. The stock is flat since reporting and currently trades at $74.50. Read our full, actionable report on Lam Research here, it's free. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
