Nova (NASDAQ:NVMI) released its third-quarter 2026 financial results on November 5, 2026, reporting record revenue, GAAP net income, and non-GAAP net income for the three-month period ended September 30, 2026.

Key Highlights

  • Record quarterly revenue: $287.8 million, up 13% quarter-over-quarter and up 28% year-over-year, according to the filing.
  • Record GAAP net income: $90.0 million, or $2.64 per diluted share, a 20% increase quarter-over-quarter and a 39% increase year-over-year.
  • Record non-GAAP net income: $98.4 million, or $2.86 per diluted share, up 14% quarter-over-quarter and up 32% year-over-year.
  • Gross margin: 57.7% in Q3 2026, compared with 56.5% in Q2 2026 and 56.7% in Q3 2025.
  • Operating expenses: $73.3 million in Q3 2026, compared with $68.0 million in Q2 2026 and $63.6 million in Q3 2025.
  • Q4 2026 outlook: Management expects revenue of $305 million to $315 million, with diluted GAAP EPS of $2.78 to $2.93 and diluted non-GAAP EPS of $3.03 to $3.18.

Nova's Q3 2026 Financial Performance: Revenue, Earnings, and Outlook

According to the filing, Nova's total revenues for the third quarter of 2026 reached $287.8 million, surpassing the $254.958 million reported in Q2 2026 and the $224.608 million reported in Q3 2025. The company attributed record revenue in part to Advanced Packaging solutions, driven by capacity expansions in HBM and advanced logic, as well as record revenue from memory devices, driven by demand for dimensional and materials metrology solutions.

On a GAAP basis, the company reported net income of $90.0 million, or $2.64 per diluted share, compared with $75.0 million, or $2.20 per diluted share, in Q2 2026, and $61.4 million, or $1.90 per diluted share, in Q3 2025. On a non-GAAP basis, net income was $98.4 million, or $2.86 per diluted share, versus $86.5 million, or $2.51 per diluted share, in the prior quarter, and $70.0 million, or $2.16 per diluted share, in the year-ago quarter. The non-GAAP figures exclude items such as amortization of acquired intangible assets, stock-based compensation expenses, and acquisition-related expenses, among others, as described in the filing.

Management provided a fourth-quarter 2026 outlook for the period ending December 31, 2026, expecting revenue of $305 million to $315 million, diluted GAAP EPS of $2.78 to $2.93, and diluted non-GAAP EPS of $3.03 to $3.18. The filing notes that forward-looking statements involve known and unknown risks and uncertainties, and that actual results may differ materially. Risk factors are detailed in Nova's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on February 17, 2026.

What Was Disclosed

Nova disclosed record Q3 2026 revenue of $287.8 million and record GAAP and non-GAAP net income figures for the three months ended September 30, 2026, along with a Q4 2026 financial outlook and conference call details.