Rehovot, Israel, November 5th / PRNewswire / -- Nova (Nasdaq ticker: NVMI) announced its financial results for the third quarter ending September 30, 2026, today.

Highlights of the third quarter of 2026:

• Quarterly revenue reached a record high of $287.8 million, an increase of 13% from the previous quarter and 28% compared to the same period last year.
• GAAP recorded a record net profit of $90 million, with diluted earnings per share at $2.64, representing a 20% increase from the previous quarter and a 39% increase compared to the same period last year.
• Non-GAAP net profit reached a record high of $98.4 million, with diluted earnings per share at $2.86, an increase of 14% from the previous quarter and 32% compared to the same period last year.
• Record-breaking revenue from advanced packaging solutions, driven by HBM and expansion of advanced logic production capacity.
• Storage device revenue hits a record high, driven by demand for solutions in size and material measurement.

Management Commentary

Nova, President and CEO, Gaby Waisman stated: "We have delivered an exceptionally outstanding third-quarter report, achieving record revenue and profitability while further expanding our presence in the most important growth areas of the semiconductor industry. Revenue from storage and advanced packaging reached record levels, coupled with strong demand from logic customers, reflecting the robust momentum of the current investment cycle, as well as the increasing adoption of Nova solutions in key applications. With clearer visibility into our customer investment plans, we remain confident in seizing the opportunities brought about by the industry's transformation to the most advanced technologies."

Financial Outlook for the Fourth Quarter of 2026

Management has provided a forecast for the fourth quarter as of December 31, 2026. Based on current estimates, management expects:

• Revenues range from $305 million to $315 million.
• Diluted, GAAP earnings per share range from $2.78 to $2.93.
• Diluted earnings per share excluding GAAP are $3.03 to $3.18.

Third Quarter 2026 Performance

In the third quarter of 2026, total revenue amounted to 287.8 million US dollars, representing a 13% increase from the second quarter of 2026 and a 28% increase from the third quarter of 2025.

The gross margin for the third quarter was 57.7%, which is higher than 56.5% in the second quarter of 2026 and 56.7% in the third quarter of 2025.

Operating expenses in the third quarter were $73.3 million, which is higher than $68 million in the second quarter of 2026 and also higher than $63.6 million in the third quarter of 2025.

Calculated according to GAAP, the company's net profit for the third quarter was 90 million US dollars, resulting in an earnings per share of 2.64 dollars after dilution; in the second quarter of the previous year, these figures were 75 million US dollars and 2.20 dollars respectively, and for the third quarter of 2025, they are 61.4 million US dollars and 1.90 dollars respectively.

Excluding GAAP, the company's net profit for the third quarter was 98.4 million US dollars, resulting in an earnings per share of 2.86 dollars after dilution; in the second quarter of the previous year, these figures were 86.5 million US dollars and 2.51 dollars respectively, and for the third quarter of 2025, they are expected to be 70 million US dollars and 2.16 dollars respectively.

Telephone Conference Arrangement

Nova will hold a teleconference on November 5, 2026, at 8:30 a.m. Eastern Time to discuss the company's financial results and outlook for the third quarter of 2026. Participants can dial the following number to join. Please connect 5 minutes before the teleconference begins. If you are unable to connect via the free phone number, please try using the international dial-in number.

• US toll-free phone: 1-833-816-1427
• Israel: +972 3-374-1008
• International: 1-412-317-0519

Meeting Time:

• 8:30 a.m. Eastern Time
• 5:30 a.m. Pacific Time, USA

The teleconference will also be live-streamed online through a link on the Nova website: https :// www.novami.com / investors / events /.

The phone conference replay will be available starting at 11:30 a.m. Eastern Time on November 5, 2026, and will end on November 12, 2026. To listen to the replay, please call the following number:

• US toll-free replay phone number: 1-855-669-9658
• International replay phone number: 1-412-317-0088
• Replay password: 4753512

Replays for 90 days will also be available on the website; the link is the same as above.

About Nova

Nova is a leading innovator and an important supplier of materials, optical, and chemical metrology solutions required for advanced process control, serving the semiconductor manufacturing industry. Nova continues to drive innovation by providing advanced, high-performance metrology solutions to support effective process control throughout the entire semiconductor manufacturing lifecycle. Nova's product portfolio combines high-precision hardware with cutting-edge software to help customers gain a deeper understanding of the development and production of the most advanced semiconductor devices. Nova's unique solution delivery capability enables customers to enhance performance, improve yield rates, and accelerate time-to-market. Nova provides support to semiconductor manufacturers through its offices worldwide. For more information, please visit the company's website: https :// www.novami.com /.

Nova is listed on NASDAQ and the Tel Aviv Stock Exchange, with the NASDAQ stock code being NVMI.

Use of financial indicators after adjustments other than GAAP

This press release provides financial indicators that do not include amortization of intangible assets acquired, upward adjustments to inventory, equity incentive expenses, merger and acquisition-related costs, revaluation of operating lease liabilities and remeasurement of inter-company loans, amortization of debt issuance costs, release of one-time tax provisions, as well as net amounts and tax effects that are not GAAP. Therefore, they are not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial indicators provide meaningful supplementary information regarding Nova performance, as they reflect the company's operating results and enhance the ability of management and investors to assess Nova performance, allowing them to make judgments before expenses or revenues that management considers not to be part of the Nova ongoing operations occur. The presentation of non-GAAP financial information is not intended for use alone, nor should it replace the financial information prepared and presented in accordance with GAAP. Management believes that providing investors with financial information that helps to compare historical and future performance and that increases the transparency of supplementary information used in financial and operational decision-making is in the best interest of investors. The financial tables attached to the press release list the reconciliation of various GAAP and non-GAAP financial indicators.

Forward-looking Statements

This press release contains forward-looking statements as defined by the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, which relate to future events or the company's future performance. Such statements include, but are not limited to, predictions regarding expected growth opportunities, as well as forecasts concerning the company's business, future revenues, expenses, and profitability. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results, levels of activity, performance, or achievements to differ significantly from those stated or implied in these forward-looking statements. Factors that may affect the company's results, performance, condition, or achievements include, but are not limited to: information technology security threats, complex cybercrime, and data privacy risks; foreign political and economic risks, including supply chain difficulties; regulations that may restrict the company's operations, such as economic sanctions and export restrictions; U.S. trade policies and tax changes; market instability, including inflation and recession pressures; risks associated with conducting business in China; catastrophic events; inability to protect intellectual property; risks related to open-source technology; challenges associated with implementing new ERP systems; failure to compete effectively or to keep up with rapid technological changes; industry consolidation; difficulty in predicting the duration and intensity of any downturns or expansion cycles in the company's target markets; factors that adversely affect product line pricing and demand; dependence on a few major customers; reliance on a single manufacturing facility for each product line; dependence on a limited number of suppliers; difficulties in integrating current or future acquisitions; long sales cycles and delays in customer orders; risks related to the situation in Israel, including conflicts between Israel and certain parties in the region; risks associated with convertible preferred stock and capped call transactions; exchange rate fluctuations and fluctuations in quarterly operating results; and additional costs and expenses that may arise if the company's status as a foreign private issuer changes.The company cannot guarantee future results, levels of activity, performance, or achievements. The matters discussed in this press release also involve the risks and uncertainties outlined under the “Risk Factors” heading in the 20-F annual report for the year ending December 31, 2025, which was submitted to the U.S. Securities and Exchange Commission (SEC) on February 17, 2026. These factors may be updated from time to time in conjunction with the submission of reports and registration statements to the SEC. Nova Ltd assumes no obligation to update the forward-looking information contained in this press release.

Company contact information:

Guy Kizner, Chief Financial Officer

Investor Relations Contact:

Miri Segal, MS - IR LLC

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