Nova (NVMI) Investor presentation summary

Q3 2026 performance and business snapshot

• Q3 revenue grew 28% YoY and EPS grew 32% YoY; record results across Advanced Packaging, memory manufacturing, IM, SA dimensional metrology, chemical metrology and services.

• Q4 2026 revenue guidance is $305–315M; EPS guidance is $2.78–2.93 GAAP and $3.03–3.18 non-GAAP.

• LTM revenue was $1B, up 17% YoY; LTM diluted EPS was $9.83, up 16% YoY.

• Cash reserves were $1.8B as of Sept. 30, 2026; Q3 2026 free cash flow was $206M.

• More than 8,000 active systems served over 420 customer sites as of June 30, 2026.

Market opportunity

• Product revenue CAGR outperformed WFE by 96% over 2020–2025.

• Semiconductor industry revenue is projected to exceed $3T by 2030, with a 29% CAGR for 2025–2030.

• 2025–2030 segment CAGRs include AI data centers 46%, HBM 43%, advanced logic GAA 37%, silicon photonics 35%, and advanced packaging 2.5D/3D 20%.

• AI, advanced logic, memory and packaging are driving greater manufacturing complexity, tighter process windows, new materials and higher process-control intensity.

Technology and product portfolio

• Metrology spans optical and X-ray dimensional measurement, materials analysis and chemical metrology across logic, memory, packaging and specialty devices.

• Solutions address nanosheet thickness, high-aspect-ratio profiles and TSVs, hybrid bonding, wafer-edge metrology, warpage, chemical composition and low-level impurities.

• Product applications cover advanced logic, advanced memory, advanced packaging and specialty devices, including hybrid bonding, HBM, sensors, power, analog and silicon photonics.

• AI-powered software combines physical modeling, machine learning and advanced algorithms with fleet management, predictive maintenance and productivity tools.