Nova Ltd
ConvictionStrong
Sells metrology hardware systems to leading-edge chipmakers plus a fast-growing recurring services/software attach (parts, service contracts, AI-enabled modeling software); asset-light instrument maker with high gross margins and low capex intensity.
Revenue
$880.6M FY2025record); Q1 2026 $235.3M (record quarterRev growth
+31% FY2025 YoY+10% YoY in Q1 2026Gross margin
57.4% GAAP FY202559% non-GAAP); 57.7% GAAP Q1 2026 (59.4% non-GAAPOp margin
29% GAAP FY202533% non-GAAP); 30% GAAP Q1 2026 (34% non-GAAPCapex intensity
Low — asset-light instrument/equipment makercapex ~$28M (~3% of revenue), so the vast majority of operating cash flow converts to FCFMarket cap
~$15BNasdaq: NVMI, early July 2026; ~31.8M shares outstanding; also dual-listed on TASEThe read
Where our coverage leans
Coverage leans bullish
Sign in free to read the bull & bear take — Pro unlocks the full dossier.
Members only
Full financial intelligence for Nova Ltd
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07 (FY2025 annual results + Q1 2026 reported May 2026 + Q2 2026 guidance; price/market cap as of early July 2026)· sign in (free) for the analyst summary; Pro unlocks full intelligence