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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
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.