Nova (NASDAQ:NVMI) Issues Q3 2026 Earnings Guidance

Nova (NASDAQ:NVMI) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.700-2.850 for the period, compared to the consensus earnings per share estimate of 2.640. The company issued revenue guidance of $277.0 million-$287.0 million, compared to the consensus revenue estimate of $276.7 million.

Analyst Upgrades and Downgrades

NVMI has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a $600.00 price target on shares of Nova in a research report on Thursday. Zacks Research cut shares of Nova from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Wall Street Zen upgraded shares of Nova from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Barclays boosted their target price on Nova from $465.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Finally, Morgan Stanley upped their target price on Nova from $494.00 to $540.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $519.44.

Nova Trading Up 3.1%

Shares of NASDAQ NVMI traded up $11.70 during mid-day trading on Friday, reaching $393.02. The company had a trading volume of 461,150 shares, compared to its average volume of 589,066. The stock has a market cap of $12.49 billion, a PE ratio of 48.64, a P/E/G ratio of 2.76 and a beta of 1.78. The company has a 50-day moving average price of $480.56 and a two-hundred day moving average price of $475.70. Nova has a 1-year low of $232.73 and a 1-year high of $615.99.

Nova (NASDAQ:NVMI) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.41 by $0.10. Nova had a return on equity of 22.13% and a net margin of 28.84%.The business had revenue of $254.96 million during the quarter, compared to the consensus estimate of $250.33 million. During the same period in the prior year, the business posted $2.20 earnings per share. Nova’s revenue was up 15.9% compared to the same quarter last year. Nova has set its Q3 2026 guidance at 2.700-2.850 EPS. On average, research analysts expect that Nova will post 9.46 EPS for the current year.

Insider Activity

In other Nova news, Director Sarit Sagiv sold 454 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $536.52, for a total value of $243,580.08. Following the completion of the transaction, the director directly owned 1,951 shares in the company, valued at $1,046,750.52. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gabriel Waisman sold 2,966 shares of Nova stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $501.30, for a total transaction of $1,486,855.80. Following the completion of the transaction, the chief executive officer directly owned 28,714 shares in the company, valued at approximately $14,394,328.20. This trade represents a 9.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,798 shares of company stock valued at $4,125,266 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Nova News Roundup

Here are the key news stories impacting Nova this week:

• Positive Sentiment: Nova reported record second-quarter revenue of approximately $255.0 million, up 8% sequentially and 16% year over year. Earnings were $2.51 per share, exceeding the $2.41 consensus estimate and rising from $2.20 a year earlier. Nova Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter guidance also surpassed expectations: Nova forecast EPS of $2.70–$2.85 versus the $2.64 analyst consensus, and revenue of $277 million–$287 million versus expectations of $276.7 million. This suggests continued demand for the company’s semiconductor measurement products. Nova Ltd. Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Needham lowered its price target to $570 from $640 but maintained a “Buy” rating, implying substantial upside from the current trading level. Benzinga
• Positive Sentiment: Cantor Fitzgerald reduced its target to $500 from $600 while retaining an “Overweight” rating, indicating analysts remain constructive despite more conservative valuations. Benzinga
• Neutral Sentiment: The target reductions may reflect valuation or broader semiconductor-sector caution. Nova trades at a relatively elevated earnings multiple, so further gains may depend on continued execution and delivery of its strong guidance.

Institutional Trading of Nova

A number of hedge funds have recently modified their holdings of NVMI. Royal Bank of Canada grew its holdings in shares of Nova by 660.4% during the first quarter. Royal Bank of Canada now owns 10,668 shares of the semiconductor company’s stock valued at $1,966,000 after buying an additional 9,265 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Nova by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 376 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 128 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Nova during the 2nd quarter worth about $5,445,000. EverSource Wealth Advisors LLC grew its stake in Nova by 62.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 100 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Nova in the 2nd quarter valued at about $1,886,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Nova

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.