Nova posts record Q3 results and forecasts higher Q4 revenue
Nova reported record third-quarter 2026 revenue of $287.8M on November 5, up 13% quarter over quarter and 28% year over year. GAAP net income was $90.0M, or $2.64 per diluted share, while non-GAAP net income was $98.4M, or $2.86 per diluted share. Management forecast fourth-quarter revenue of $305M to $315M, diluted GAAP EPS of $2.78 to $2.93, and diluted non-GAAP EPS of $3.03 to $3.18.
Why it matters
The results increase Nova's reported revenue and earnings base entering the fourth quarter. Management said strong memory, advanced packaging and logic demand, along with customer investment visibility, supports its ability to pursue further growth.
Key facts
- 1Third-quarter revenue reached $287.8 million, increasing 13% from the prior quarter and 28% from the year-earlier quarter. prnewswire.com
- 2Third-quarter GAAP net income was $90.0 million, or $2.64 per diluted share. prnewswire.com
- 3Third-quarter non-GAAP net income was $98.4 million, or $2.86 per diluted share. prnewswire.com
- 4Nova's fourth-quarter outlook calls for revenue of $305 million to $315 million and diluted GAAP EPS of $2.78 to $2.93. prnewswire.com
- 5The fourth-quarter outlook also includes diluted non-GAAP EPS of $3.03 to $3.18. prnewswire.com
Open questions
- reports a fourth-quarter GAAP EPS range ending at $2.94, while Nova's results release gives an ending figure of $2.93.
- describes the revenue outlook as below consensus, while describes the guidance as above consensus; the underlying consensus figures are not provided consistently.
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.