Nova Reports Record $255M in Q2 Revenue with Strong Growth Across Product Lines
On August 6, Nova (NASDAQ:NVMI) reported second-quarter revenue of $255 million for the period ending June 30, marking a new high and surpassing expectations. This represents an 8% increase from its first quarter in 2026 and a 16% rise compared to Q2 2025. GAAP net income reached $75 million while non-GAAP net income climbed to $86.5 million, reflecting strong performance across both metrics. The growth was driven by two key product lines: advanced logic devices and advanced packaging solutions. These segments benefited from industry trends such as the shift toward Gate-All-Around transistor architecture and increased demand for advanced process nodes in chip manufacturing. Management expects this momentum to continue into Q3, with revenue guidance set between $277 million and $287 million. Despite record sales, gross margin declined slightly year-over-year and sequentially due to a less profitable product mix. Operating expenses also rose faster than previously seen, though overall profitability still improved thanks to strong top-line growth.
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