Nova

NVMI

Market cap $13.9B

Conference call to be held on the same day at 8:30 a.m. Eastern Time REHOVOT, Israel, July 6, 2026 /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 second quarter of 2026 before the Nasdaq market opens on Thursday, August 6, 2026.

Semis put in a powerful performance in Q2 2026 thanks to things going its way, which more than made up for what happened in Q1 2026. It is not the only thing that matters, but if semis are to add to gains in H2 2026, AI will need to keep driving growth forward. The AI thesis remains intact, but recent developments leave open the possibility the thesis could still turn out to be flawed.

REHOVOT, Israel, July 2, 2026 /PRNewswire/ -- Nova (NASDAQ: NVMI), today announced the selection of its Nova WMC™ platform by a leading global foundry customer for multiple layers' measurement in the most advanced packaging processes. The selection followed a competitive evaluation, resulting in the Nova WMC™ being designated as tool-of record.

Nova is a specialized metrology vendor tied to wafer fab equipment capex, serving leading logic and memory fabs. I estimate Nova's incremental addressable opportunity at roughly $1.8B to $2.7B over 5 years. Annually, this implies a 49% uplift on its current revenue base. Nova is positioned at the most metrology‑intensive inflections like GAA, hybrid bonding, 3D DRAM, and multi‑deck 3D NAND, supporting upside to market share and revenue intensity.

In the first quarter of 2026, Baron Discovery Fund declined 10.65% (Institutional Shares), trailing the Russell 2000 Growth Index by 7.84% due to significant underperformance in the software sector. Advanced Energy Industries, Inc.'s stock rose during the quarter as the market began to appreciate the strength that the company would see in both its data center and semiconductor end markets. Baron Discovery Fund sold its investment in Intapp, Inc. in the quarter as the team believes that its other software holdings have better overall competitive advantages.

Nova Ltd. (NVMI) Presents at Bank of America 2026 Global Technology Conference Transcript

During the first quarter, we initiated a position in Alphabet Inc., the parent company of Google and one of the world's most valuable technology franchises. We added to our position in Shopify Inc., the leading global operating system for commerce, after shares pulled back in a broader software sell-off. We exited our investment in Microsoft Corporation due to a combination of near-term execution shortfalls and longer-term structural concerns about its competitive positioning in AI.

Shares of chip equipment stock Nova recently formed an 11-week consolidation, and are trading just above the proper buy point.

Nova stock is in a buy zone above a consolidation's pivot of 507.27. The company beat estimates for its first quarter.

ONTO's AI-driven packaging push, $240M Dragonfly deal and 30%+ revenue growth outlook put it ahead of NVMI in the metrology race.