Nova (NASDAQ:NVMI) Updates Q2 2026 Earnings Guidance

Nova (NASDAQ:NVMI) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.340-2.480 for the period, compared to the consensus estimate of 2.310. The company issued revenue guidance of $245.0 million-$255.0 million, compared to the consensus revenue estimate of $241.0 million.

Nova Trading Up 6.6%

Nova stock traded up $33.29 during trading hours on Thursday, hitting $536.94. The stock had a trading volume of 73,598 shares, compared to its average volume of 381,058. The business’s 50 day simple moving average is $477.37 and its 200-day simple moving average is $410.61. Nova has a one year low of $179.00 and a one year high of $550.00. The stock has a market cap of $17.06 billion, a price-to-earnings ratio of 66.28, a P/E/G ratio of 3.61 and a beta of 1.78. The company has a quick ratio of 5.47, a current ratio of 6.28 and a debt-to-equity ratio of 0.56.

Nova (NASDAQ:NVMI) last released its quarterly earnings results on Thursday, May 14th. The semiconductor company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.13. The company had revenue of $235.31 million for the quarter, compared to analysts’ expectations of $227.02 million. Nova had a return on equity of 22.90% and a net margin of 29.44%.The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.18 earnings per share. Nova has set its Q2 2026 guidance at 2.340-2.480 EPS. On average, equities analysts predict that Nova will post 9.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Evercore reaffirmed an “outperform” rating and set a $485.00 price target on shares of Nova in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Nova in a report on Friday, April 10th. Wall Street Zen downgraded Nova from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Morgan Stanley reiterated an “outperform” rating and issued a $453.00 price target on shares of Nova in a research report on Friday, February 13th. Finally, Zacks Research downgraded Nova from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Nova has an average rating of “Moderate Buy” and a consensus price target of $442.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP boosted its position in shares of Nova by 4.9% during the 2nd quarter. Wasatch Advisors LP now owns 2,200,948 shares of the semiconductor company’s stock valued at $605,701,000 after purchasing an additional 102,250 shares in the last quarter. Invesco Ltd. increased its holdings in Nova by 4.4% in the fourth quarter. Invesco Ltd. now owns 634,284 shares of the semiconductor company’s stock worth $208,293,000 after purchasing an additional 26,940 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Nova by 69.2% in the second quarter. Lazard Asset Management LLC now owns 359,221 shares of the semiconductor company’s stock valued at $98,857,000 after buying an additional 146,932 shares during the period. Barclays PLC lifted its stake in Nova by 54.4% in the fourth quarter. Barclays PLC now owns 271,485 shares of the semiconductor company’s stock valued at $89,153,000 after buying an additional 95,642 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Nova by 7.3% during the 4th quarter. Rafferty Asset Management LLC now owns 266,579 shares of the semiconductor company’s stock worth $87,542,000 after buying an additional 18,195 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Company Profile

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.