Nova Delivers Record $880.6M Full-Year Revenue, Q4 Up 14% YoY
Nova posted Q4 2025 revenue of $222.6 million (+14% YoY) with GAAP net income of $64.7 million (+23%) and non-GAAP net income of $72.2 million (+10%). Full-year revenue reached a record $880.6 million (+31%) with GAAP net income of $259.2 million (+38%) and non-GAAP net income of $282.6 million (+29%).
1. Fourth Quarter Results
In Q4 2025, Nova generated $222.6 million in revenue, a 14% increase over Q4 2024. GAAP net income rose 23% to $64.7 million ($1.94 per share) while non-GAAP net income climbed 10% to $72.2 million ($2.14 per share). Gross margin improved to 57.6% and operating expenses totaled $67.5 million.
2. Full Year 2025 Results
For the full year, Nova set records with $880.6 million in revenue (up 31%) and GAAP net income of $259.2 million ($7.96 per share), a 38% increase. Non-GAAP net income reached $282.6 million ($8.62 per share), up 29%, on gross margins of 57.4% and operating expenses of $251.7 million.
3. Market and Product Drivers
Record sales were driven by strong demand for optical, materials and chemical metrology solutions across critical semiconductor applications. The company secured design wins for Gate-All-Around, DRAM and advanced packaging processes, fueled by AI investment and strategic qualifications of its CMP metrology portfolio.
4. Q1 2026 Outlook
Management forecasts Q1 2026 revenue between $222 million and $232 million, GAAP EPS of $1.90 to $2.02, and non-GAAP EPS of $2.13 to $2.25, reflecting expectations of continued market momentum and deployment of advanced metrology tools.