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Mar 31
Nova Q1 2025 Earnings Report
Nova reported record revenue and profitability for Q1 2025, surpassing expectations.
Key Takeaways
Nova delivered an outstanding first quarter, with record revenue of $213.4M and strong profitability, driven by increasing adoption of metrology solutions in advanced semiconductor processes.
Revenue hit an all-time high at $213.4M, up 50% YoY.
GAAP net income reached $64.8M, exceeding company guidance.
Non-GAAP EPS came in at $2.18, also above expectations.
Acquisition of Sentronics strengthened backend metrology portfolio.
Nova
Nova
Nova Revenue by Segment
Revenue by Segment
Dimensional Metrology Revenue
CapyFin.com Forward Guidance
Nova expects Q2 2025 revenue between $210M–$220M, with GAAP EPS of $1.70–$1.88 and non-GAAP EPS of $1.96–$2.14.
Positive Outlook
- Strong demand continues in Gate-All-Around technologies.
- Advanced packaging remains a key growth driver.
- Positioning and portfolio are well-aligned with AI-driven demand.
- Integration of Sentronics expands backend capabilities.
- Operational agility remains high amid macro challenges.
Challenges Ahead
- Gross margin slightly declined YoY.
- Revenue guidance implies potential sequential slowdown.
- Cash reserves decreased due to acquisition and treasury share buyback.
- Inventories rose to $174.8M, up from $156.6M QoQ.
- Macro uncertainty continues to pose challenges.