What were Nova's (NASDAQ:NVMI) total revenues for Q1 2026?

Nova reported Q1 2026 revenue of $235.3 million, marking a 10% increase year-over-year and a 6% sequential increase. This performance surpassed the high end of its own guidance, driven by strong demand in advanced semiconductor metrology.

How did Nova's net income perform in Q1 2026?

Nova’s GAAP net income for Q1 2026 rose to $69.3 million, or $2.04 per share. Non-GAAP net income reached a record $80.3 million, or $2.33 per share, reflecting strong operational performance and growth in its specialized metrology platforms.

What were the key drivers behind Nova's revenue growth in Q1 2026?

The growth in Nova’s revenue was driven by high-intensity demand for advanced nodes, particularly the transition to gate-all-around (GAA) logic and the expansion of high-bandwidth memory (HBM) capacity for AI applications. The company's Metrion® platform and AncoScene™ chemical metrology solution played a key role in this growth.

How did Nova's Metrion® platform perform in Q1 2026?

The Metrion® platform saw peak sales in Q1 2026, driven by the rollout of 2nm and 3nm advanced logic nodes. This highlights Nova's strong position in meeting the growing demand for semiconductor metrology as chipmakers advance to smaller nodes.

What was the performance of Nova’s AncoScene™ chemical metrology solution?

Nova's AncoScene™ chemical metrology solution reached all-time high sales in Q1 2026. This growth was fueled by manufacturers’ increased use of complex materials in advanced DRAM and HBM production, which are essential for next-generation memory and AI applications.

Tech

Nova hits record heights as memory and advanced logic drive growth

Written by Heidi Cuthbert Published May. 14 2026Last Updated May. 14 2026

Nova (NASDAQ:NVMI) delivered a stellar performance for the first quarter of 2026, setting new company records for revenue and profitability.

The semiconductor metrology specialist benefited from high-intensity demand for advanced nodes, particularly as chipmakers transition toward gate-all-around (GAA) logic and expand high-bandwidth memory (HBM) capacity for AI applications.

Nova reported that revenue for the quarter ended March 31, 2026, climbed to $235.3 million, a 10% increase year-over-year and 6% sequentially, surpassing the high end of its own guidance.

GAAP net income rose to $69.3 million, or $2.04 per share, while non-GAAP net income reached a record $80.3 million, or $2.33 per share.

The quarter was defined by record adoption of Nova’s specialized materials and chemical metrology platforms.

The company saw peak sales for its Metrion® platform, driven by the rollout of 2nm and 3nm advanced logic nodes.

Additionally, the AncoScene™ chemical metrology solution reached all-time high sales as manufacturers intensified their use of complex materials in advanced DRAM and HBM production.

The company's financial position remains robust, with gross margins holding steady at 57.7%, even as it reinvests over 15% of its revenue into R&D.

Nova also highlighted a diversifying revenue mix, with advanced packaging now accounting for approximately 20% of product sales, fueled by the industry-wide push for heterogeneous integration in high-performance computing (HPC) chips.

For the second quarter of 2026, Nova issued confident guidance, projecting revenue between $245 million and $255 million.

The company expects non-GAAP EPS to range from $2.34 to $2.48, signaling continued momentum as it anticipates outperforming the broader wafer fabrication equipment (WFE) market for the remainder of the year.