Nova Posts Record Q1 Revenue of $235.3M and GAAP EPS of $2.04
Nova delivered record Q1 revenue of $235.3 million, a 6% increase quarter-over-quarter, and posted GAAP net income of $69.3 million ($2.04 per diluted share), exceeding guidance. Non-GAAP net income reached $80.3 million ($2.33 per share), driven by robust demand for DRAM metrology solutions and platform sales.
1. Record First Quarter 2026 Financial Results
Nova reported Q1 revenue of $235.3 million, up 6% from Q4, and GAAP net income of $69.3 million, or $2.04 per diluted share, representing a 5% sequential increase. Non-GAAP net income rose 9% quarter-over-quarter to $80.3 million, or $2.33 per share.
2. Product Segment Performance
Revenue from memory device metrology solutions reached record levels, fueled by strong demand for advanced DRAM, while Nova Metrion platform sales surged on increased adoption in memory and logic node manufacturing. Sales of the AncoScene chemical metrology solution also hit an all-time high following market share gains and new customer wins.
3. Second Quarter 2026 Outlook
Management expects Q2 revenue of $245 million to $255 million, GAAP EPS of $2.10 to $2.24, and non-GAAP EPS of $2.34 to $2.48, reflecting continued industry growth and strong customer engagement.